📉 LUNA/USDT – Technical Analysis (1 Hour Chart)
#LUNA @Terra 🌍 Powered by LUNA
Current Price: $0.1433
Variation: -12.83%
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🔍 1. Moving Averages (MA):
• MA(7): 0.1457
• MA(25): 0.1556
• MA(99): 0.1723
➡️ Interpretation:
All moving averages are above the current price, with a downward slope.
Confirms a strong bearish trend in the short, medium, and long term.
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📊 2. RSI (Relative Strength Index):
• RSI(6): 19.84
• RSI(12): 27.30
• RSI(24): 34.90
➡️ Interpretation:
Indicators of severe overselling. The RSI(6) is below 20, indicating possible selling exhaustion and a chance of a technical rebound, but still without confirmation of reversal.
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🔊 3. Volume:
• Volume spikes during the drop, followed by a reduction in volume in the last candles.
➡️ Interpretation:
The increase in volume during declines suggests distribution or partial capitulation. The decrease in volume may signal a pause in the movement or entry into a consolidation phase.
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🧱 4. Supports and Resistances:
• Immediate Support: $0.1425 (recent low)
• Immediate Resistance: $0.1457 (MA7)
• Key Resistance: $0.1556 (MA25) and $0.1734 (previous high)
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⚠️ Technical Conclusion:
🔻 Trend: Strongly bearish
LUNA shows strong selling pressure, with RSI at very low levels and moving averages pointing downward. Despite this, the RSI being stretched downwards may bring a short-term technical rebound.
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✅ Possible Scenarios:
📈 Technical Rebound:
• If the price manages to break and close above $0.1457 (MA7), it may attempt to reach $0.1500 to $0.1550.
• RSI suggests that the market is oversold, which favors this movement if volume returns.
📉 Continuation of the Drop:
• Loss of support at $0.1425 could lead the price to $0.1380 or even $0.1300, based on previous projections and psychology.
