{"id":593782,"date":"2024-11-01T11:28:58","date_gmt":"2024-11-01T11:28:58","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=593782"},"modified":"2024-11-01T11:28:58","modified_gmt":"2024-11-01T11:28:58","slug":"luce-price-prediction-luce-is-top-meme-coin-loser-with-25-dump-as-this-meme-coin-staking-ico-nears-3-million-raised","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/luce-price-prediction-luce-is-top-meme-coin-loser-with-25-dump-as-this-meme-coin-staking-ico-nears-3-million-raised","title":{"rendered":"Luce Price Prediction: LUCE Is Top Meme Coin Loser With 25% Dump As This Meme Coin Staking ICO Nears $3 Million Raised"},"content":{"rendered":"

The Luce price has plunged 25% in the last 24 hours to trade at <\/a>$0.04487<\/a> as of 3:25 a.m. EST on a 31% drop in trading volume to $74 million.<\/span><\/p>\n

The slump made LUCE the top loser among the biggest meme coins by market capitalization, according to CoinGecko.<\/p>\n

Luce Price Signals A Rebound Within A Bearish Channel<\/h2>\n

The LUCE\/USD chart shows that after a strong upward movement, indicated by the two large blue arrows, the price reached resistance around the 0.08 level and has since retraced downwards. Now, it’s hovering near a support level around 0.045, where a potential rebound could occur.<\/p>\n

The 50-period Simple Moving Average (SMA) slows downwards, suggests short-term bearish momentum, and sits close to the price. If the price attempts to rise, this 50 SMA may act as a dynamic resistance.<\/p>\n

\"Luce<\/p>\n

LUCEUSD Analysis Source: Dextools.io<\/p>\n

The MACD indicator currently shows the MACD line below the signal line, with both in negative territory, signaling ongoing bearish momentum. However, the histogram reflects a slight weakening in this bearish momentum as it approaches zero. This could hint at a potential reversal if the MACD line crosses above the signal line in the near future.<\/p>\n

The Relative Strength Index (RSI) is at 39.84, close to the oversold level of 30. This positioning indicates that the Luce price is nearing a level where buyers may start stepping in, increasing the chances of a rebound if bullish momentum builds.<\/p>\n

LUCE\/USD is in a downtrend but is currently at a possible support level. Indicators like the MACD and RSI point to weakening bearish momentum, hinting at the possibility of a rebound. However, traders might want to watch for a bullish signal, such as an RSI bounce or a MACD crossover, as confirmation of a potential reversal.<\/p>\n

If this support level holds, the price could retest the 50 SMA and potentially aim for a higher resistance level. However, failure to hold this support may lead to further downside.<\/p>\n

Crypto All-Stars Presale Closes On $3 Million<\/h2>\n

While the Luce price signals a possible bullish rally, investors are flocking to buy the new meme coin Crypto All Stars (STARS)<\/a>, which has raced past $2.9 million in funds raised in its presale.<\/p>\n

\n
\n
\n
\n
\n

Prominent crypto analyst ClayBro, who has over 130K YouTube subscribers, predicts that STARS could skyrocket 10x once it launches.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n
\n
\n
\n