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🌴
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Follow a team of traders with 10+ years of experience?
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