LUNA Price Prediction Is a Recovery Near After a 20% Drop from Monday High?

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$LUNA has dropped 20.1% from Monday high, currently trading around $0.13 after failing to hold the key resistance zone at $0.15-$0.16.

🔹 Although the 3 day chart and OBV show a bullish structure with high trading volume, LUNA has historically failed to sustain these breakouts. The 4 hour timeframe has shifted to a bearish trend.

🔸 The bulls are struggling to hold the 78.6% Fibonacci level at $0.13. Losing this level would confirm the continuation of the downtrend.

🔹 With BTC failing to break above $94k, the probability of LUNA recovering to $0.20-$0.24 is low. Trader are advised to shift to a bearish view unless the price break above $0.155.

With the $0.155 support level broken and the market structure deteriorating, could this be the start of another deep correction for LUNA?

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