Is LUNC Price Ready to Reverse? Falling Channel Pattern Hints at 20% Recovery

Taking a close look at the daily time frame chart, it’s evident that the LUNC price traveled a steady downtrend within a falling channel pattern for the past five months. This pattern is marked by parallel trendlines encompassing the price action, serving as key support and resistance areas. Amid the recent correction in the crypto market, the coin price found itself at the bottom of the channel pattern. This occurrence can often spark hope for a potential trend reversal, as historical support levels may attract buying interest.