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The Luce price plunged 7% in the last 24 hours to trade at $0.01198 as of 3:57 a.m. EST, with trading volume skyrocketing 758% to $61.9 million.
This drop in the LUCE price comes as Pope Francis passed away on Easter Monday, April 21, 2025, at 88, in the Vatican. The Vatican’s Mascot, Luce, soared just before taking a dive.
Can the price of LUCE still recover?
Luce Price On A Consolidation Phase With A Bearish Tilt
The LUCE price on the daily chart showcases a significant historical uptrend followed by an extended downtrend and subsequent stabilization at lower price levels.
After reaching a peak near $0.36 in late 2024, LUCE experienced a sharp correction, retracing heavily and breaching multiple Fibonacci retracement levels.
The downward momentum persisted through late 2024 into early 2025, with the Luce price finding a relative bottom near $0.00062 before a minor recovery began, according to GeckoTerminal data.
Recently, the price of Luce attempted to regain bullish momentum but encountered resistance near the 50-day Simple Moving Average (SMA).
A small rally was seen in early April, but another drop has since followed, pushing the price to its current level around $0.01198. This suggests a failed breakout attempt and possible reversion to consolidation or even renewed downside.
The Relative Strength Index (RSI) is reading at 43.98, indicating the market is in neutral to slightly bearish territory. It is not in oversold conditions, typically below 30, but the recent drop from a local RSI high suggests that buying momentum has waned.
Meanwhile, the price of Luce recently failed to break above the 0.786 retracement level at $0.07763, indicating significant overhead pressure. Other major levels, such as the 0.618 ($0.13809) and 0.5 ($0.18055) levels, remain distant and would require strong bullish sentiment to be retested.
LUCE Price Prediction
Given the current market setup, the Luce price appears to be in a consolidation phase with a slight bearish tilt. The failure to break and hold above key moving averages and resistance levels implies that bulls are losing control.
If LUCE fails to reclaim the 50-day SMA as support soon, a retest of the local support near the previous lows could occur at $0.00537.
However, should a bounce occur and the price of LUCE manage to close above the 50-day SMA, the next target would be the psychological level of $0.015, followed by the more technical resistance near $0.018 and $0.023 (0.382 Fibonacci level).
Meanwhile, investors are turning to a meme coin called Fantasy Pepe (FEPE), which popular YouTuber, Stock Investor, with over 55.8K subscribers, says is the best token to buy now.
Fantasy Pepe Token Presale Garners Over $205K Hours After Launch – Next Crypto To Explode?
Fantasy Pepe, a one-of-a-kind fusion of AI, meme culture, fantasy sports, and on-chain betting, is grabbing headlines, as its presale has already garnered over $205k hours after its launch.
Fantasy Pepe is introducing the first-ever blockchain-based fantasy football ecosystem, where users bet on AI-simulated matches between legendary meme teams like Pepe United, Doge Pirates and Sigma XI.
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Visit the Fantasy Pepe website.
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