LUNC is dropping sharply after failing to hold above the breakout zone near 0.00008160. The structure on the 15-minute chart has shifted from a steady uptrend to a clear corrective move. The price broke below the MA5, MA10, and MA30 moving averages on a strong impulse wave, and now all three moving averages have turned downward. This signals a strong short-term shift in control in favor of sellers.

The pullback from the top was clear and aggressive. Liquidity concentrated near 0.00008100 absorbed the last wave of buying and triggered a reversal downward.

Subsequent candles show increasing selling volume, confirming that the move is driven not just by profit-taking but by a real shift in the order book balance. However, the decline was not accompanied by wicks typical of mass liquidations, suggesting the move is mainly due to spot rotation and tactical short openings, rather than forced long exits. Funding conditions remain neutral across the board, supporting this conclusion.

A break below 0.00007700 removed the last intraday support and opened the way to deeper liquidity. The price is now hovering around 0.00006660, which is the first significant reaction zone on the chart. If buyers fail to stabilize the price here, the next support is around 0.00006450, followed by 0.00005820.

Momentum indicators confirm the trend reversal. The MACD has turned sharply downward with expanding histograms, and volume continues to rise on the move down. This combination usually means the trend is not yet finished, unless buyers show strong activity with volume absorption.

At the moment, LUNC is in a clear corrective phase after an overly extended rally. The market will need stabilization above the lower supports and a return above the moving averages before any bullish recovery can be considered possible.
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