Luna Classic Price Prediction: A Beacon of Bullish Momentum Emerged on the LUNC 4-Hour Chart

In the last 48 hours, the #Luna Classic price has shown notable movements on the 4-hour chart. The sequence of closing prices highlights a volatile yet upward trend before a slight retraction. 

The 9 Exponential Moving Average (EMA) and 20 EMA have shown a consistent increase over the last few periods, with the latest readings at $0.00016499 and $0.00016071, respectively. This indicates a bullish sentiment in the short term, as the price has been consistently above the 9 EMA, further supported by the 20 EMA acting as a dynamic support level.

The Moving Average Convergence Divergence (MACD) indicator presents values increasing over time, suggesting growing bullish momentum. The latest MACD histogram value is notably small, indicating a possible decrease in momentum or consolidation phase. Meanwhile, the Relative Strength Index (RSI) has been hovering around the 60-65 range before dipping to 54.54, indicating that while the market was approaching overbought conditions, there has been a recent cooling off.

$LUNC faces immediate resistance at $0.00017054, with a stronger, pivotal level at $0.00018751. A successful breach above these levels could signal further bullish momentum. On the downside, support levels are identified at $0.00015497 and $0.00015141, with a significant support level at $0.00013976, which could serve as potential areas for buyers to step in.
#LUNC #LUNC✅
The full analysis and trade strategy was originally posted on ecoinimist.com.