$LUNA/USDT: A MAJOR MOVE COULD BE ON THE HORIZON
LUNA is currently trading at 0.4436, down 15.47% after a sharp rejection from its 24-hour peak of 0.5656. Despite the sell-off, the price is stabilizing near a key support level around 0.4275, hinting at an intense struggle between buyers and sellers. With a significant 24-hour trading volume of 233.83M LUNA, market activity is high, and a decisive shift may be imminent.
Outlook:
If LUNA holds the critical support range of 0.4200–0.4300, a recovery could push it toward 0.4800, with the possibility of reclaiming 0.5600 in a bullish surge.
However, losing this support may lead to a drop toward 0.3900, potentially triggering further bearish momentum.
As the market gears up for a potential breakout, traders should prepare for heightened volatility.
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