Returning to support levels can have a positive reaction

LUNA's Analysis


1/16/20231 min read

LUNA has gained 12% in price in the last 24 hours. LUNA has recently retraced its uptrend on the daily timeframe , and in the latest bullish wave, buyers were able to push the price back above the $1.60 range. Its weekly candle closed with a 52% gain at $2.05, indicating buying pressure. The supports we can consider for it are in the range of $1.80 to $1.85 and the range of $1.60. The return of the price to these levels can have a positive reaction if it is not strong. Therefore, LUNA can achieve its short-term targets in the range of 2.3154 to 2.5036 dollars.

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