LUNC Surges 60% Weekly, Attracting Market Attention
- Breakout and Momentum: LUNC surged over 60% after clearing the resistance at $0.0000681, now trading near $0.0000750, indicating strong short-term trend strength that has attracted aggressive buying.
- Supply Reduction Boosts Demand: More than 444 billion LUNC tokens have been burned, representing 6.4% of total supply, while 932 billion tokens remain staked, tightening liquidity and increasing market sensitivity to demand spikes, which fuels trading activity.
- Binance Burn and Ecosystem Updates: Market attention is focused on Binance's upcoming monthly burn on May 1, with strong April trading activity suggesting a larger burn, prompting traders to position themselves ahead of potential supply shocks.
- Network Upgrade and Governance Changes: The v4.0.1 upgrade proposal is under governance voting, aimed at fixing chain issues and improving performance stability, with the community viewing this as a positive step towards stronger infrastructure development.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TOKEN
Technical Sentiment Analysis for TokenFi (TOKEN). As of , TokenFi (TOKEN) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 4 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for TOKEN stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, TOKEN is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
TokenFi (TOKEN) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00179 | 0.00234 | 0.00277 | 0.00332 | 0.00375 | 0.0043 | 0.00474 |
| Fibonacci | 0.00234 | 0.00272 | 0.00295 | 0.00332 | 0.0037 | 0.00393 | 0.0043 |
About TOKEN
About the author
