Is #LUNA on Brink of a Major Breakout? Watch These Key Levels
Yello, Paradisers! Could #LUNA’s next big move be just around the corner or the momentum will fade? Let's discuss the #Terra's latest analysis:
💎Currently, #LUNAUSDT is holding its ground at the critical demand zone of $0.313, showing signs of a bullish continuation. Positioned within a Descending Broadening Wedge pattern, #LUNA looks ready to challenge the descending resistance line—a potential turning point that either confirms strength or suggests further caution.
💎Volume has remained robust, and with #LUNAUSDT recently marking an all-time low, we may be witnessing the start of a significant rebound. It’s often said, "Once we hit bottom, the only place to go is up," and this moment could be setting up for just that kind of breakout.
💎If #LUNA can maintain its position, we could be on the edge of a substantial rally. A move above the $0.514 minor resistance zone would open the path to higher targets and possibly even new highs.
💎However, the current level is crucial. If momentum weakens, there’s a chance we’ll see a pullback toward the major support area between $0.247 and $0.267. A daily close below this zone would undermine our bullish outlook and indicate the risk of further downside.
Stay vigilant, Paradisers, and closely monitor #LUNA's price action.
MyCryptoParadise
iFeel the success🌴
💎Currently, #LUNAUSDT is holding its ground at the critical demand zone of $0.313, showing signs of a bullish continuation. Positioned within a Descending Broadening Wedge pattern, #LUNA looks ready to challenge the descending resistance line—a potential turning point that either confirms strength or suggests further caution.
💎Volume has remained robust, and with #LUNAUSDT recently marking an all-time low, we may be witnessing the start of a significant rebound. It’s often said, "Once we hit bottom, the only place to go is up," and this moment could be setting up for just that kind of breakout.
💎If #LUNA can maintain its position, we could be on the edge of a substantial rally. A move above the $0.514 minor resistance zone would open the path to higher targets and possibly even new highs.
💎However, the current level is crucial. If momentum weakens, there’s a chance we’ll see a pullback toward the major support area between $0.247 and $0.267. A daily close below this zone would undermine our bullish outlook and indicate the risk of further downside.
Stay vigilant, Paradisers, and closely monitor #LUNA's price action.
MyCryptoParadise
iFeel the success🌴
Trade closed: target reached
💎Just like clockwork! #LUNAUSDT is tracing our forecast, hitting that sweet 126.88% growth mark.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.