The LUNC/USDT pair has recently confirmed a bullish breakout on the 4-hour chart, presenting a well-defined technical setup that points toward a potential price target of 0.00006757 over the coming sessions. This represents an estimated gain of approximately 8.04% from the current price zone.
This forecast is built on price action analysis, supported by classical chart patterns and key levels that are respected in both past and current market structure.
Technical Overview
The pair has been trading within a rising (ascending) channel, signaling sustained upward momentum characterized by a series of higher lows and higher highs. This pattern, often indicative of accumulation by buyers, suggests that bullish sentiment is growing steadily.
Following a breakout above the short-term resistance level at 0.00006250 (now turned into a support zone), LUNC appears to be gaining momentum toward the next significant area of resistance between 0.00006750 and 0.00006880.
Key Support and Resistance Levels :
1. Support 2: 0.00005000 – A historical low with strong buyer interest
2. Support 1: 0.00005900 – Recently tested and successfully defended
3. Resistance 1: 0.00006250 – Broken with conviction, now a key pivot area
4. Resistance 2: 0.00006750 to 0.00006880 – The next major target zone
Price Target Projection
Based on the breakout structure and the current momentum within the ascending channel, the projected price move is toward the top of the channel and into Resistance 2. The estimated time frame for this move is within the next 2 to 3 days.
Conclusion
The technical landscape for LUNC/USDT currently favors the bulls. The breakout from the ascending channel and the successful flip of resistance into support provide a strong case for continuation toward 0.00006757. With momentum building and no immediate overhead resistance until the upper range, this setup remains valid unless key support zones fail.
Monitoring volume confirmation and candlestick structure over the next sessions will be essential to confirm the strength behind this move.