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LUNA looks to clear ‘final hurdles’ in anticipation of newer price levels
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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice
LUNA’s price has progressed well over the last couple of days after negating a bearish descending triangle setup on the chart. Arguably, the final hurdles that lay in its path to a new ATH resided at the $43.8-resistance and a triple top at $48.8.
Bulls would hope to overcome these levels with strong volumes by their side and a risk-on broader market.
At the time of writing, LUNA was trading at $43.8, up by 6% over the last 24 hours.
Source: LUNA/USD, TradingView
Consistent lower highs since 12 October, along with constant lows at $35, gave rise to a descending triangle setup on LUNA’s chart. Since lower highs
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