Luce Price Prediction: LUCE Is Top Meme Coin Loser With 25% Dump As This Meme Coin Staking ICO Nears $3 Million Raised

The
Luce
price
has
plunged
25%
in
the
last
24
hours

to
trade
at


$0.04487
as
of
3:25
a.m.
EST
on
a
31%
drop
in
trading
volume
to
$74
million.

The
slump
made
LUCE
the
top
loser
among
the
biggest
meme
coins
by
market
capitalization,
according
to
CoinGecko.

Luce
Price
Signals
A
Rebound
Within
A
Bearish
Channel

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.

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.

LUCEUSD
Analysis
Source:
Dextools.io

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.

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.

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.

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.

Crypto
All-Stars
Presale
Closes
On
$3
Million

While
the
Luce
price
signals
a
possible
bullish
rally,
investors
are
flocking
to
buy
the
new
meme
coin

Crypto
All
Stars
(STARS),
which
has
raced
past
$2.9
million
in
funds
raised
in
its
presale.

No
other

#memecoin
launch
has
done
what

@all_stars_coin
is
doing!
INSANE!

????
CRYPTO
ALL
STARS
–
Presale
????

https://t.co/Ra9yjwjvxG

pic.twitter.com/nyMQP4Qvr8

—
Austin
Hilton
(@austinahilton)

October
21,
2024

For
the
first
time,
investors
will
be
able
to
stake
coins
like
Dogecoin,
Shiba
Inu,
Pepe,
and
eight
others
right
from
launch,
thanks
to
the
unique
MemeVault
ecosystem.
The
project
team
is
also
planning
to
add
more
meme
coins
over
the
next
few
months.

If
you’re
interested
in
staking
STARS
itself,
the
annual
rewards
are
an
eye-popping
530%.

Related
Articles