The LUNA coin projects a strong uptrend in this chart. On November 30th, the coin breached the previous ATH resistance of $55.24, indicating even more potential for this coin. The recent news that interests the crypto investors was about the Community Spend Proposal 143 to distribute three million dollars worth of $LUNA LM incentive over strategic $UST pools on several chains that have been approved.
Key technical points:
The LUNA price bounced back from the $1.56 support level
The LUNA price reclaims the 50-day EMA line
The intraday trading volume in the LUNA coin is $219.3 Million, indicating a 3.04% hike.
Source- LUNA/USD chart by Tradingview
The LUNA/USD chart displays steady higher highs and higher lows in the technical chart. On November 10th, the coin price made a new high of $55.24 and initiated another retracement phase. The coin plunged to the 38.75 support, wherewith the contribution of the 100 EMA line, the price obtained sufficient support to begin a new rally.
The cruci
We współpracy z: https://coingape.com/terra-price-analysis-luna-coin-breaks-the-all-time-high-resistance-of-55-24-the-rally-to-the-north-continues/
