📊LUNA Coin Struggles Against Key Resistance: Is a Major Drop on the Horizon?
After climbing from a $0.339 base, LUNA Coin has hit a strong resistance level at $0.387, signaling potential trouble ahead. While we’ve previously covered the long-term risks surrounding LUNA, it’s crucial to focus on current price movements. If the coin closes below $0.349, attention could quickly shift to the critical support level of $0.304, raising alarms about a deeper decline in the near future.
Looming Challenges Threaten LUNA’s Future!
LUNA faces an uphill battle with increasing competition, the aftermath of Terraform Labs’ bankruptcy, and mounting issues plaguing its ecosystem. These factors are seriously damaging medium- and long-term growth expectations, casting doubt over the coin’s recovery prospects.
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