LUNA Price Analysis: Here Are Next Buy/Sell Levels

5 авг. 2021 г.

Over the past 2 weeks, the 25MA has held support for LUNA. This can be referenced over the coming days as a break below this MA along with the bottom trend of the channel, will likely trigger a short-term downtrend. For LUNA price to continue pushing, it must break & HOLD its major resistance zone found at $14.50-$15.00. This will set LUNA up to hit its next targets. Although, it seems likely LUNA price needs some cooling off before this occurs.

While looking at the RSI, we can see a trend line has been respected for over 2 weeks. At the time of writing, the strength is hanging out very close to it. Breaking below this trend will cause the trend to shift and LUNA price will begin a short-term retrace.

The MACD has been floating decently high the last few days and it seems to be curling over, readying for a bearish cross.

LUNA Intraday Analysis

Spot rate: $14.70
Trend: Bullish
Volatility: High
Support: $14.50
Resistance: $15.13

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