Technical Analysis: $LUMIA
/USDT Outlook and Targets 🎯
LUMIA has shown remarkable bullish momentum, currently trading at $1.15 with a 9.84% increase. As we analyze the price action, three key targets are emerging for traders to watch:
Target 1: $1.20 This level serves as an immediate resistance point. A breakout above this level could signal further upward momentum, attracting more buying pressure.
Target 2: $1.23 Slightly above the first target, $1.23 has been a previous high and could act as a psychological barrier. A sustained move past this level would confirm a strong bullish trend.
Target 3: $1.25 The next significant resistance, $1.25, aligns with Fibonacci retracement levels and could be a target for profit-taking for short-term traders. Monitoring volume at this level will be crucial for gauging the strength of the move.
Current Price Action:
24h High: $1.239
24h Low: $1.038
Volume: 14.23M LUMIA / 16.30M USDT
As the market evolves, keeping an eye on these targets will help traders make informed decisions. Happy trading!
Let me know if you’d like any adjustments or additional details!