$LUNC is trading near $0.000051 after rejecting the $0.000054 level. The current structure shows price pulling back from a recent swing high, with the market now testing whether buyers will defend the current area or allow further downside.
Price has been in a compression phase, with the visible structure showing a clear rejection from the $0.000054 area. The token is now trading near $0.000051, with resistance visible at $0.00005188 and support forming near the $0.00005040 low. The broader structure remains under pressure as long as price stays below the recent rejection zone.
The $0.00005040-$0.00005100 zone is the main area to watch right now. This region has been holding as near-term demand during the current pullback. Holding above $0.00005040 keeps the structure intact, while a break below would open the door toward the $0.00004921 area. A reclaim of $0.00005188 would suggest the market is absorbing the recent selling pressure.
If support holds and price reclaims $0.00005188, the structure could improve and the $0.00005321 zone would come into focus. If support fails and price breaks below $0.00005040, the next area of interest sits near $0.00004921, where the chart previously showed demand. The reaction at these levels will likely determine the next short-term direction.
The setup remains in a waiting phase, with the lower boundary currently being tested.
Are you watching for a reclaim of $0.00005188 or a breakdown below $0.00005040?
