Many are still in FOMO with $LUNC , but the chart says otherwise...
*📊 What does the chart say?* Price is about ∼40% down since August Breaking the $0.000065 support is now testing $0.000055
*⚠️ Bearish Signals:* - Volume -31% weekly decline - RSI = 28 (Oversold but no bullish divergence) - Trading below 50-day & 200-day MA - Recovery does not have strong buy volume
*🔻 Downside Risk Factors:* Token supply pressure is high, staking rewards are decreasing, liquidity is low, and if BTC is weak, alts will come under more pressure.
*Next Support if it breaks $0.000055? ∼$0.000045*
This is not a fear post, this is a warning post. Saving capital is the first task. After Profit.
⚠️ *Educational Only | No Financial Advice* Crypto volatile, do your own research (DYOR)