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Technical analysis by TopGBanks about Symbol LUNA: Buy recommendation (11/24/2024)

https://sahmeto.com/message/2999417
TopGBanks
TopGBanks
Rank: 1403
2.5
Buy،Technical،TopGBanks

The daily chart of LUNA/USDT reveals a significant breakout above a long-term descending trendline. This move marks the first major rejection of the bearish structure that has dominated since April. The breakout was accompanied by strong bullish momentum, indicating renewed interest in the token.Following the breakout, LUNA has retested the trendline (now acting as support), creating a classic bullish retest pattern. The impulsive rally suggests that buyers are regaining control, targeting the $1.00 psychological resistance zone.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Price at Publish Time:
$0.50354
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