LUMIA/USDT Market Analysis – Bearish Trend with Potential Rebound!
The LUMIA token has seen a sharp decline of 19.78% over the past hours, dropping to $1.399 after reaching a low of $1.316. However, the price is showing signs of recovery, forming support at $1.316 while resistance looms around the $1.50 mark. The 7-period moving average (MA7) suggests the selling pressure may be slowing, creating a possible opportunity for a short-term bounce.
For traders eyeing an entry, a breakout above $1.40 could signal a bullish shift, offering a chance to ride the wave back to the $1.50 resistance level. However, keep in mind that failure to hold above $1.40 may lead to another retest of the $1.316 support. Tight risk management is key in such volatile conditions!
Are you ready to capture this potential reversal?
