$LUMIA shows signs of momentum fatigue after a sharp expansion, with price pulling back into a previously defended demand zone near 0.115–0.117. This area is critical — it’s where buyers previously absorbed supply and flipped structure bullish.
Current price action around 0.118–0.120 reflects post-impulse consolidation, not outright reversal. However, the candles show increased overlap, signaling that momentum has slowed and the market is searching for commitment.
Overhead resistance remains stacked at 0.124–0.126, followed by the major reaction high near 0.138, which marks the broader upside ceiling if momentum rebuilds.
The trend weakens materially if 0.114 fails with expansion, as that would invalidate the defended base and open downside toward 0.109–0.107. Until then, this remains a controlled pullback, with buyers attempting to stabilize.
Bias: Neutral-to-bullish, pending defense of key support.
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