🚨$LUNA /USDT Turns Bearish as Sell-Off Deepens
📉 Price: –8% at $0.1210
LUNA continues sliding under key EMAs, with a negative MACD and RSI at 32, confirming strong downward pressure and near-oversold conditions.
😬 Market Sentiment: Fear Index sits at 25, while institutional ETF outflows weigh heavily on altcoins — LUNA included.
Ecosystem Update – LUNC Upgrade
Binance confirmed support for the upcoming Terra Classic (LUNC) network upgrade, keeping platform involvement active even while LUNA trades under pressure.
🔥 Binance continues to support the Terra ecosystem through network upgrades + the LUNC burn mechanism, signaling ongoing engagement.
📊 Key Levels to Watch
🛑 Support: ~$0.1218 (Lower Bollinger Band) — holding here could trigger a short bounce.
⚠️ Breakdown Risk: A drop below could open the door to deeper downside levels.
📉 Trend: Momentum stays bearish until bulls reclaim key EMAs.
👀 Watching closely — bounce or breakdown next?
