$LUNA Eyeing a Reversal? Let’s Break Down the Chart!
Looking at the LUNA/USDT daily chart, we are seeing some classic "bottoming out" behavior after that massive rally to $0.24. Here’s what the data is telling us right now:
📊 The Technical Setup
Price Action: After a sharp correction from the $0.24 peak, LUNA has found solid ground around the $0.10 - $0.11 range. Today’s +10.20% pump shows that buyers are stepping back in at these levels.
MACD Insight: The MACD histogram is starting to show shrinking red bars. This often suggests that the selling momentum is exhausting and a "bullish cross" could be around the corner.
Volume Check: We’re seeing a nice green spike in volume today. If we can sustain this, the next target looks to be the $0.136 resistance level.
💡 My Take
$LUNA is currently in a "consolidation-to-breakout" phase. It has successfully tested the local support and is trying to flip the immediate resistance. If it holds above $0.115, we might see a fast move back toward the $0.15 area.
Keep an eye on:
BTC Stability: As always, the king needs to stay steady for altcoins to fly.
The $0.10 Support: As long as we stay above this, the bullish structure remains intact.
What do you think? Is this just a relief bounce, or are we heading back to $0.20? Let me know your targets in the comments! 👇
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