12.5 C
New York
Thursday, May 26, 2022

🎓 LUNA Digital Currency price is heading to enter a tight range… so what are the next targets?

- Advertisement -
- Advertisement -


okx banner top content

The LUNA cryptocurrency has risen from the 20-day EMA crossover level of $86 on March 18, indicating more buying at a lower price.

The crossovers of the higher price action averages and the relative strength index (RSI), which is in positive territory, indicate that the doors are open for a price rally.


And in case the purchases cause the price of the LUNA to rise above $96.That could open the door for a significant rally, reaching an all-time high of $105.

And if the price manages to break above this level, that will be the first sign of a resumption of the uptrend, and the coin can go up after that to $115 and then to $125.

Conversely, if the price falls from $96, it may fall back towards the 20-day EMA crossover level, and a drop below this level will indicate weak bullish momentum, and the decline could extend into the strong support. It is between $75 and $70.


The LUNA coin was consolidating strongly in the $85-$96 range, and although the selling pushed the price below $85, it was unable to hold the lower levels, indicating a lot of buying on the dips.

The price action averages are also crossing each other, indicating a range bound move in the near term.

If the price rises above $96, this will indicate that the doors are open for a rally that could reach $105.

Conversely, if the price falls below $96, then it can fall to crossovers of price action averages and then to $85.

Source link

- Advertisement -

New Articles