The altcoin painted its daily chart green, up 10% from the opening price to hover at $0.7200 at press time. Its 24-hour trading volume has increased by 55% to $368.35 million, magnifying trader optimism. Social metrics, technical indicators, and $LUNA
’s latest price moves suggest trend reversals. Nevertheless, the $0.895 resistance remains crucial for the token’s upcoming trajectory. Breaching this hurdle and a golden cross completion would catalyze impressive upswings to $1.50. However, caution remains paramount, as RSI’s overbought conditions and the evenness between sellers and buyers highlight possible volatility. Meanwhile, analysts remain confident about an altcoin season after Bitcoin’s surge past $100,000. Michael van de Poppe highlighted Bitcoin’s potential consolidation around current values and what it could mean for alts. LUNA’s reaction to the $0.895 hurdle will define its price trajectory in the upcoming sessions.