LUNC gave back the entire 160% rally after a strong pump, showing clear signs of distribution near the top. 📉
Price completed two separate 5-wave impulsive structures, both rejecting around the $0.000124 zone — a major resistance area where heavy profit-taking likely occurred.
Now LUNC is trading lower near $0.0000822, moving closer to the key demand zone between $0.000070 – $0.000075.
This area could act as a strong support base, but a final liquidity sweep below current levels is still possible before any meaningful reversal.
For now, the smarter move is patience. Waiting for confirmation around the lower support zone is safer than chasing unstable price action.
Key levels to watch: 📍 Resistance: $0.000124
📍 Support: $0.000070 – $0.000075
LUNC
0.00007666
-9.32%
LUNA
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LUNA2USDT
Διην.
0.06233
-8.14%