The LUNA/USDT graph shows a sharp price drop from around 0.1990 to a low of 0.0363, followed by a strong rebound that pushed the price up to 0.0978, marking a 34.53% gain in the last 24 hours.
Key trend observations: - The chart displays a clear downward trend from August to October 2025, with moving averages (MA 7, MA 25, MA 99) acting as resistance. - A massive volume spike appears near the bottom, indicating heavy buying pressure that triggered the recent upswing. - The current price (0.0978) is still below the long-term MA(99), suggesting the overall trend remains bearish unless it breaks above key resistance levels. - The 24-hour high of 0.1051 and low of 0.0704 show significant volatility, with the price consolidating near the highs of the recent rally. - Moving averages are stacked bearishly (MA7 < MA25 < MA99), but the recent price surge may signal a short-term bullish reversal if volume sustains. Trading implications: - Watch for a break above 0.1051 to confirm bullish momentum or a fall below 0.0704 for renewed bearish pressure. - The high trading volume in USDT (18.68M) and LUNA (214.12M) indicates strong market interest during the price spike. - Use indicators like RSI or MACD (visible at the bottom of the chart) to gauge overbought/oversold con#BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #WriteToEarnUpgrade ditions for entry or exit signals. 🚀📈@Luna#LUNA $LUNA
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The LUNA/USDT graph shows a sharp price drop from around 0.1990 to a low of 0.0363, followed by a strong rebound that pushed the price up to 0.0978, marking a 34.53% gain in the last 24 hours.
Key trend observations:
- The chart displays a clear downward trend from August to October 2025, with moving averages (MA 7, MA 25, MA 99) acting as resistance.
- A massive volume spike appears near the bottom, indicating heavy buying pressure that triggered the recent upswing.
- The current price (0.0978) is still below the long-term MA(99), suggesting the overall trend remains bearish unless it breaks above key resistance levels.
- The 24-hour high of 0.1051 and low of 0.0704 show significant volatility, with the price consolidating near the highs of the recent rally.
- Moving averages are stacked bearishly (MA7 < MA25 < MA99), but the recent price surge may signal a short-term bullish reversal if volume sustains.
Trading implications:
- Watch for a break above 0.1051 to confirm bullish momentum or a fall below 0.0704 for renewed bearish pressure.
- The high trading volume in USDT (18.68M) and LUNA (214.12M) indicates strong market interest during the price spike.
- Use indicators like RSI or MACD (visible at the bottom of the chart) to gauge overbought/oversold con#BTCVSGOLD #BinanceBlockchainWeek #BTC86kJPShock #WriteToEarnUpgrade ditions for entry or exit signals. 🚀📈@Luna#LUNA $LUNA