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Cryptopolitan 2021-08-22 08:45:40

Luna Price Analysis: Bulls strongly defended LUNA/USD from breaking below $27.00

TL;DR Breakdown Today’s Luna price analysis is bearish after a 5.85 percent dropLUNA/USD traded within a daily range of $26.53 – $28.385. Luna’s price action has witnessed bullish patterns in the last month Today’s Luna price analysis is bearish after a 5.85 percent retracement to the $28.39 region. Luna found rejection at $29.834 and underwent a swing low to $26.539 following strong seller pressures. We are expecting further downswings on the daily Luna price chart as sellers increase their pull-back pressure to counter any significant surges.  Luna price movement in the last 24 -hours: Low volatility?  According to our Luna price analysis, LUNA/USD traded within a daily range of $26.53 – $28.385. Such a tight range suggesting low volatility across the daily chart. We are expecting further downswings on the daily Luna price chart as sellers increase their pull-back pressure to counter any significant surges.  4-hour Luna Price Analysis: Bulls aim for $30 On the 4-hour Luna price analysis, LUNA/USD is correcting upwards after striking long green candlesticks and is headed for another daily high. The RSI is indicating a bullish advantage and points towards the overbought region.  There is strong support for the 4-hour duration at $27.650, at which point the bulls have rejected further downsides.  Luna’s price action has witnessed bullish patterns in the last month. This was after the c...



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