$LUNA /USDT is in correction mode, currently trading at a price of 0.1527 which shows a dip of -9.11% in the last 24 hours! Market sentiment seems short-term bearish, but seeing a strong rally of +89% in the 30-day timeframe, the overall structure is still bullish. Immediate support is at 0.1506 (24h Low), and if that breaks, the level of 0.1497 may come into play. On the upside, resistance is at 0.1534 (recent level) and then in the zone of 0.1570. Looking at the order book, it appears the buying side is slightly dominant (52.61% bids), indicating possible accumulation. In the short term, if a reversal occurs, consider 0.1533 as the breakout level. It is a Layer 1 project, so expect volatility, but seeing a -71% drop in the past year poses a risk for long-term holders. Whether to consider this dip as a buying opportunity or not will depend on your risk appetite — entry should not be taken without a strict stop-loss.

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