LUNC is showing bullish signs on the 4-hour timeframe after bouncing off the ascending channel's lower line and approaching the midline, indicating a potential upward breakout.
Despite high trade volume, ADX and MACD signals suggest the trend is at its weakest, with a slight possibility of a market downturn.
A rise above $0.00006500 in LUNC confirms a higher price trajectory, while a drop below $0.00005964 may lead to further declines.
Analyst Alpha Crypto Signal highlights LUNC's potential in a descending channel pattern on the 4-hour chart, suggesting a bullish turn if the token breaks through the midline and surpasses upper resistance levels.