LUMIA fell from 0.13 yesterday, heavily suppressed by the middle band of Bollinger Bands and BBI. The rebounds were weak several times, which is a typical weak market.
From a technical perspective, it is currently in a weak oscillation range of RSI, with buyers completely powerless. The MACD shows this more clearly—both DIF and DEA remain firmly below the zero axis, and the green bars continue to be negative, with the downward momentum still strong.
Interestingly, it's the trading volume. During the decline, the volume is not small, but the price just can't move up. This combination of "fall in volume and fall in price" indicates that the bulls no longer have the willingness to carry on. Today's trend has one characteristic: continuous decline.
Looking at the moving average system, all short-term moving averages are pressed above the price, forming a complete bearish arrangement. As long as there is a rebound, it becomes an opportunity to short.
Technical support is at 0.102, with resistance above at 0.113. In a weak pattern, do not harbor any fantasies about the bottom; being trapped and directionless are common issues in this market.
Pay attention to the trends of other cryptocurrencies: the performance of $D and $AVNT is also worth observing.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
18 Likes
Reward
18
7
Repost
Share
Comment
0/400
All-InQueen
· 11h ago
Oh no, this LUMIA thing is really terrible, the volume hasn't stopped but the price just won't rise, a typical short positions are sucking blood.
View OriginalReply0
SchrodingersPaper
· 11h ago
It's this terrible volume fall again, LUMIA is really amazing, buying in is just giving away money.
View OriginalReply0
OffchainWinner
· 11h ago
This wave of Lumia is really tough, every rebound gets smashed, it feels like no one dares to catch a falling knife.
View OriginalReply0
HalfIsEmpty
· 11h ago
It's the same old routine again. A weak Rebound indicates what? It means no one is there to catch a falling knife. LUMIA has gotten dumped from 0.13 and is still struggling; I think it's hopeless.
View OriginalReply0
BearMarketSurvivor
· 11h ago
Oh my, this broken coin really has no hope, it directly got dumped to 0.13, and I'm still trapped inside.
The moving averages are all in a short positions arrangement, a rebound is just a death sentence, might as well wait honestly for 0.102.
The volume-price divergence is the most disgusting thing, long positions are really lying flat.
The MACD green bars are still continuing to spit, this downward movement won't stop anytime soon.
Let's see how D and AVNT are doing, don't just focus on this garbage coin.
View OriginalReply0
OnchainUndercover
· 11h ago
It's a bit ridiculous, LUMIA's rhythm is completely dumping... with such large volume, it's actually being pushed down, indicating that institutions are really not interested.
---
The RSI green bars are always pressing down, and every rebound is hammered, I'm scared of this market.
---
Can 0.102 hold? To be honest, I'm a bit confused right now, there really isn't anyone taking long positions.
---
All moving averages are in a short positions arrangement, it's painful to watch... might as well exit first.
---
Downward movement is the most annoying, once the downward inertia starts, it can't be stopped; I see $D and $AVNT aren't doing much better.
---
Once the combination of falling volume and falling price appears, it's basically a declaration, don't fantasize about any V-shaped rebound.
---
What's the mood of those trapped above 0.13 right now? Anyway, I've capitulated.
---
This technical pattern... DIF and DEA are both below the axis, it's definitely a short positions market, is the opportunity for shorting coming?
---
Every rebound is an opportunity? No, it's an opportunity for shorting, haha a bit of dark humor.
---
I just want to know who else dares to buy the dip at this point, I'm really too scared.
View OriginalReply0
ShibaOnTheRun
· 11h ago
It's another one of those days of downward movement that never ends, LUMIA really has no hope.
This rebound is just a flash in the pan, and the buyers have just given up, right?
LUMIA fell from 0.13 yesterday, heavily suppressed by the middle band of Bollinger Bands and BBI. The rebounds were weak several times, which is a typical weak market.
From a technical perspective, it is currently in a weak oscillation range of RSI, with buyers completely powerless. The MACD shows this more clearly—both DIF and DEA remain firmly below the zero axis, and the green bars continue to be negative, with the downward momentum still strong.
Interestingly, it's the trading volume. During the decline, the volume is not small, but the price just can't move up. This combination of "fall in volume and fall in price" indicates that the bulls no longer have the willingness to carry on. Today's trend has one characteristic: continuous decline.
Looking at the moving average system, all short-term moving averages are pressed above the price, forming a complete bearish arrangement. As long as there is a rebound, it becomes an opportunity to short.
Technical support is at 0.102, with resistance above at 0.113. In a weak pattern, do not harbor any fantasies about the bottom; being trapped and directionless are common issues in this market.
Pay attention to the trends of other cryptocurrencies: the performance of $D and $AVNT is also worth observing.