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LUNA Eyes 500% Breakout as Price and Volume Surge
LUNA's consistent volume uptick and bullish candlesticks signal growing momentum as it eyes a 500 percent breakout to $0.0004295.
After a prolonged downtrend, LUNA shows signs of reversal with stable volatility and repeated tests of key resistance levels.
Strong support near $0.0001 and sustained buyer interest suggest LUNA could soon rally sharply if it breaks the $0.0004295 barrier.
Terra appears poised for a long-awaited rally after breaking a prolonged downtrend. Volume and price patterns now hint at a potential breakout. As $LUNA attempts to regain momentum, a target of $0.0004295 becomes increasingly relevant. This level marks a possible 500% climb from current prices..
The chart data spans mid-2022 through early 2025 and outlines a consistent bearish trend. Price action shows repeated lower highs and lower lows. A clear descending resistance line reveals strong seller dominance. However, recent price movement suggests a shift may be underway.
Volume and Volatility Signals Strength
Volume indicators show key spikes during pivotal price shifts. A major surge accompanied LUNA’s early 2023 peak. Another followed a steep correction shortly after. These volume bursts signal strong market reactions and significant investor activity.
Source: Javon Marks
In the latest trading sessions, volume shows a modest increase again. This rise coincides with minor upward price movement. Consequently, some traders see this as an early sign of renewed buying pressure.
Volatility also declined after intense swings in 2023. The market now shows more stable behavior with tighter trading ranges. This suggests reduced panic selling and stronger accumulation.
Technical Setup Points Toward Breakout Potential
Multiple candlestick rejections at resistance lines hint at past failed breakout attempts. However, the latest breakout marker suggests a shift in momentum. A visible horizontal resistance lies at $0.0004295. Price has tested this level repeatedly, confirming its importance.
Besides, LUNA’s recent formation of green candlesticks could signal bullish intentions. Additionally, the consistent support base near $0.0001 indicates that selling pressure has weakened. A bounce from this level could confirm a trend reversal.
Moreover, breakout traders are targeting the $0.0004295 level as a key milestone. If bulls push through, momentum may snowball. Achieving this target would mark over 500% growth from current prices. Hence, LUNA’s long-term downtrend might be nearing exhaustion. If volume continues to rise, the odds of a breakout increase
The post LUNA Eyes 500% Breakout as Price and Volume Surge appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.