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$LUNC
The price is currently trading below the moving averages (MA7) and (MA25), indicating short-term selling pressure"
The moving average (MA99) is located at the level of 0.07610, which represents a very strong support line if the decline continues.
...
The price is at 0.08241, and it is trying to stabilize above the nearby psychological support areas....
Expected targets...
Target 1: to regain the level of 0.08528 (breaking above the 25-day moving average) to confirm that the correction has ended..
Target 2: the 0.09280 area, which is a medium resistance zone.
Target 3 (previous peak): 0.09729.
In the event of continued decline (support):
Support 1: 0.08057 (the lowest price in the past 24 hours).
Strong support: 0.07610 (MA99 level). Breaking this level may cause the asset to return to the 0.07100 regions.
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