$LUNA under heavy pressure today, down nearly 9% and trading around $0.1076 as weakness continues across the space. Price ranged between $0.1049 and $0.1250 over the last 24 hours, but structure remains firmly bearish.
LUNA is currently trading below all confirming strong downside momentum and lack of bullish control. Sellers are still in charge unless price proves otherwise.
If a recovery attempt develops, these are the logical reaction zones to watch. First bounce area sits near $0.1160 around the A stronger push could test $0.1220 near the , with $0.1280 acting as the major challenge around the 99-day EMA.
Immediate focus is on the $0.1050 level. Holding this zone could allow a relief bounce, but a clean break below it risks opening the door for further downside continuation.
Trend is weak. Any upside here is a bounce, not a reversal, until structure changes. Trade carefully.
LUNA
0.1063
-5.25%
