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Up more than 13% this week alone, the LUNA bulls are not getting left out in the massive crypto rally playing out across the board. This crypto rally started earlier on during the weekend with the industry’s two giants Ethereum and Bitcoin leading the way.
As for LUNA, this bullish rally is driving the price up into new territory as the Altcoin just broke through a massive resistance on the 4-hour timeframe.
This $105.228 price level has served as major resistance against the LUNA bulls on two different occasions in the past.
By breaking through it, the LUNA price is now trading at a new ATH. The question traders are now asking is “ What should we expect next from the LUNA price?”
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What Next For LUNA? Watch This Key Level
By breaking through the $105.228 key resistance level into new ATHs, the LUNA bulls now have the opportunity to push the ALtcoin price even higher in the coming days.
How much higher the price can go, no one can say for sure. However, the most important price level to watch now is the $105.228 previous resistance now turned support on the 4-hour timeframe.
As the new key support for the LUNA price, we expect to see the Altcoin respect and continue to trade above it on the 4-hour timeframe if we want to remain bullish.
A break back below this $105.288 key level will only push the LUNA price back below this resistance zone and will only create bearish pressure against this bullish move.
Final Verdict!
The LUNA price is bullish right now, and we expect to see the Altcoin continue to remain bullish for days/ weeks to come.
However, the key level to watch for is the $105.288 key level on the 4-hour timeframe. For LUNA to continue to rally higher, the LUNA bulls must ensure the ALtcoin price respects and continue to trade above this key support level at all cost.
A break back below this key level only indicates weakness and a possible sell-off for the LUNA price.
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