Consider ORN Price ActionLumia rebranded from ORN and the ORN token is still trading on coinbase with sufficient volume until coinbase plans to list Lumia. Clearly, the two continue to trade based on previous ORN price action.
We should consider that the price of ORN/LUMIA has been forming a falling wedge on the ORN chart, with lows sitting above the outside of a long descending channel. There may be potential for a breakout of this wedge, and with the low market cap of this altcoin, a large amount of volatility may ensue. Recent price action has not been very exciting, but this is to be expected when any token/coin/asset sits in a consolidation phase. However, we should not expect a continued consolidation of this alt coin for too long as there is clearly money flowing into altcoins as BTC aims to reach its new ATH. Whether or not Lumia will join the alt coin pumps is something we will have to wait for and see.
In the case of a bullish breakout, using the fib levels from the previous high could potentially yield a 100% gain. Higher targets could be considered due to ORN's previous ATH in the $35-45 range, but this is not guaranteed.
LUMIAUSDT trade ideas
Lumia - 4H - Two patterns leasing to $1.5 ishTwo patterns support the idea that Lumia is heading to $1.5 ish. The declined channel and the (expected) rounded bottom, are two patterns that leads Lumia to its target.
For the rounded bottom, if Lumia breaks the 1.21 it is a clear sign this pattern is activated.
Lumia / Usdt BINANCE:LUMIAUSDT
The Lumia Price is currently sitting at $1.242 📉, which indicates a slight downward movement. The first key support area to watch is around $1.98 🔻. This level is crucial because if the price fails to reach or hold this area, the market could experience further downward pressure.
If the price doesn't manage to hold at $1.98, the next support zone to look out for is much lower at $0.912 🔽. This level would indicate a significant drop, and traders should keep a close eye on price action near this point for possible signs of stabilization or further decline.
On the flip side, if the price breaks through and successfully holds below the $0.912 level, it could indicate a bearish trend, and the next resistance level could come into play around $1.500 🚀. This resistance level is important to monitor as a potential barrier that may halt any upward movement. If the price manages to push through this resistance, it could signal a potential reversal or upward momentum.
However, keep in mind that this analysis is for informational purposes only and is not financial advice. Always do your own research and consult with a financial professional before making any investment decisions. 🙅♂️📊
LUMIA - A transition to an exciting RWA rebrand ! LUMIA, previously called Orion Protocol is a coin that has existed since 2020 and has focused on providing decentralized liquidity and interoperability between different cryptocurrency networks like (Ethereum-chain, Fantom-chain, Binance-chain, etc.) while connecting directly to your decentralized wallet. Orion Terminal also served as a decentralized exchange where you could buy and sell different crypto-coins completely decntralized, similar to other AAM (**Automated market makers).
The rebrand from Orion Protocol to LUMIA signals a strategic shift and offers an opportunity for new investors to discover this project. LUMIA's new focus is on the tokenization of RWA (Real-World Assets)—an emerging and exciting narrative that has long been anticipated to gain traction in cryptocurrency markets. This shift is further validated by major players like Binance, who have shown strong support for LUMIA's transition and vision.
Recognizing that tokenization requires substantial liquidity, LUMIA aims to provide this crucial element to upcoming projects while maintaining its decentralized nature.
The transition to LUMIA occurred on October 18th, followed by a steady price decrease. However, the price has since stabilized around $1 after finding a local bottom at $0.91. Subsequently, a bullish flag pattern formed, breaking out to the upside.
Currently, the price is retesting the top of the downward parallel channel and the 0.786 Fibonacci retracement of the previous upward wave, which coincides with the M-pattern neckline. LUMIA's price needs to remain above $0.99 to potentially form a large W-pattern, as seen below. The 1.618 extension target for this W-pattern would be $1.4.
This could be a good time to look into the project.
Have a nice weekend !
ZEDDIT
LUMIABINANCE:LUMIAUSDT BYBIT:LUMIAUSDT.P
#LUMIA is showing a bullish breakout from the falling wedge on the 4-hour chart, pushing towards key resistance levels. With momentum building up, this could lead to further upward movement if the trend sustains. Watch for a potential test of $1.5 in the near term.📈 $LUMIA #LUMIAUSDT
Lumia - Descending Channel although this channel is valid, it is a weird channel .. half of it goes with the lower part and the other half goes with the upper part of the channel . Despite that, and depending on the breaking point, its target may range between 1.24 and 1.68. The strength of the volume is crucial to confirm the breakout.
Lumia - Hit and Run Patternfew minutes ago I published an idea support the decline of Lumia for a short term .. I just noticed that Lumia is forming a very serious pattern .. the Hit and Run pattern ... This pattern has 4 targets .. the first quartile length of the black bar .. the half of it, the 3/4, and the final target at the end of the column (bar). Amazingly, the final target meets with our previous (short) Lumia analysis that I published few minutes ago ...
Lumia - for a short term: 2 PatternsLumia .. has two patterns that support to break down ... 1) is the parallel channel target (the black dotted column .. 2) the impulsive downward wave and its triangle (blue and burble) .. the targets match with the local bottom Lumia formed # 1.10 ..
If this scenario occurs ... then Lumia may a form (W) shape that will get Lumia up to more than 4 dollars ... (I will publish another idea if we reach there)
