Bulls looked to end Luna Classic's sustained downtrend with a price rebound from a key price level.
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
LUNC’s price decline saw the token set a series of all-time price lows, as sellers dominated the price chart. The last attempt by bulls at a rally was met with stiff resistance at the $0.0000971 price level in mid-July. Plotting the Fib retracement tool from the high of $0.0000971 to the recent low of $0.0000521 revealed key levels for bulls in their attempts to push back the severe bearish downtrend.
Therefore, further gains could lie at $0.0000695 and $0.0000747 . If bulls successfully get to $0.00008 , that will signal a shift in momentum.
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