Where is the ceiling (nearest resistance) for LUNA/USDT?
Currently, it is around $0.2164 — this is the highest price in the last 24 hours.
Analysis of the current situation:
1. Where is the ceiling? The price ($0.2097) has already risen significantly (+46.95%) and has approached the level of $0.2164. This level will be the first and main "ceiling" or obstacle for further growth. If the volume remains high, a breakout attempt is possible.
2. What confirms strength? The price is trading above key moving averages: EMA(20) at $0.2054 and EMA(50) at $0.1958. Substantial trading volume (526 million LUNA) also confirms high interest.
3. What’s next?
· Breakout: A successful price closure above $0.2164 with high volume will open the way to the next targets, which should be sought on higher timeframes.
· Rebound: If the price bounces off this level, the nearest support will be the zone around EMA(20) ($0.2054), and then a stronger one — around EMA(50) ($0.1958). The minimum for 24 hours ($0.1389) now looks like a distant and strong support.
Key: The market is showing extreme volatility (+47% over the day). In such conditions, levels can be broken or bounced very sharply. Watch for the price reaction at $0.2164 and volume at the moment. Not financial advice.
