#Lumberjack ($LUMBER) began trading on July 20th, demonstrating significant volatility.
$LUMBER Price remained flat initially, followed by a notable rally with sharp gains and consolidation phases.
After extended consolidation around $0.00005000, the price surged to a peak of $0.00012500.
#Lumberjack Price consolidated around $0.00007500 before spiking to $0.00017850, marking an 800% increase in seven days.
After reaching its peak, the price retraced to 0.000000700 USDT, testing critical support levels.
According to Coingabbar analysis, If the price maintains its position above the support level, a potential rebound toward the previous high could be expected.
A drop below the 0.000000700 USDT support could drive declines, aiming for the next support level at $0.000000500.
KEY LEVELS :
RESISTANCE LEVEL : $0.00010000-$0.00018000
SUPPORT LEVEL : $0.00005000-$0.00003000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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