LUNA's next move? Watching the $1.50 zone
Been keeping an eye on $LUNA for a bit now, and with it hovering around the $1.31 mark, I'm thinking about the odds of it pushing past $1.50 by month-end. My gut says it's probably a 60/40 against that happening, honestly. It's had a decent little bounce, sure, running from its daily low of $1.26, but the volume doesn't scream sustained momentum to me. It feels more like short-term scalp material right now.
The real test will be if it can break and hold above $1.35 with some conviction. If it just pokes its head above and then slumps back, then that $1.50 level looks pretty distant. The overall crypto sentiment isn't exactly robust, so unless there's some unexpected positive news flow specifically for LUNA, I'm leaning towards it staying range-bound or even seeing a slight retrace before a serious attempt at higher levels.
I agree that the volume doesn't seem to support a strong push past $1.50 right now. While it's had a nice bounce, it feels like it might be consolidating rather than preparing for a breakout. Are you seeing any key resistance levels around that $1.50 mark that would make it a tough barrier?