$LUNA Will hitt 0.70$ tonight:
Given the current bullish momentum, here's a quick analysis of whether LUNA/USDT can hit $0.70 tonight:
Key Factors to Consider:
1. Current Price:
LUNA is currently at $0.5094.
2. Resistance Levels:
Immediate resistance is at $0.5464.
Next significant resistance zones are around $0.60 and $0.65.
3. Indicators:
RSI (6) is highly overbought at 97.95, indicating the price is due for a potential pullback.
Stochastic RSI is maxed out, further suggesting overbought conditions.
4. Volume:
There's strong buying volume, but sustaining this level is crucial to reaching higher targets.
Shortest Analysis:
Probability of Hitting $0.70 Tonight:
Given the overbought indicators, while it's possible for LUNA to push higher, reaching $0.70 in the short term would require a sustained surge in buying volume and a break above multiple resistance levels.
The more realistic upper target for tonight could be in the $0.60 to $0.65 range, considering overbought conditions and potential resistance ahead.
Conclusion:
It's unlikely but not impossible for LUNA to hit $0.70 tonight given current market conditions. A move to $0.60-$0.65 is more probable if the bullish momentum continues.