- LUNA confirmed a breakout above a long-term falling wedge, pushing price to $0.1456 after a sharp 42.4% daily move.
- The asset maintains strong distance above the $0.09896 support, which now anchors the lower boundary of the short-term structure.
- The level of resistance at $0.1501 is still influencing the upper probing, directing the market focus on the action of LUNA within the widening 24-hour band.
LUNA was recording good gains following a breakout above a long-established falling wedge. The asset was trading close to $0.1456 at press time, which was a gain of 42.4 percent in the recent session. The move came after the price advanced roughly 25% from the reported entry zone. The chart showed a sustained downward structure that persisted through most of the year.
However, price eventually pushed through the upper boundary of the wedge and maintained levels above the breakout point. This shift brought renewed attention to the recent structure, and it positioned the market within a sharply expanding daily range. The transition from compression to expansion provided the backdrop for the latest surge.
Breakout from Long-Term Falling Wedge Pushes Price Above Key Resistance
The falling wedge extended across several months, and the lower boundary held repeated tests. The market created a gradual decline that stayed intact until early December. However, the breakout changed the pattern’s direction and placed price above resistance for the first time in months.
This move aligned with increased volatility inside the 24-hour range, which stretched toward $0.1501, the latest resistance level. The breakout also formed a clear shift away from the previous structure, and this allowed the chart to display a clean separation from the earlier trend.
Luna Price Stabilizes After Breakout Between Key Levels
The $0.09896 support level remained a crucial reference point. Price stayed well above this area after the breakout, and it helped define the lower boundary of the current structure. However, the chart also showed repeated approaches toward the upper resistance. These movements created a narrow gap between support and resistance, which shaped the short-term outlook. Notably, this band displayed the first sustained stability after months of downward pressure.The new range emphasised how traders monitored reactions near $0.1501. The chart also highlighted the increasing distance between the wedge’s interior and the new trading zone. This change framed the ongoing move and set the context for future behavior. The structure now includes an established breakout, a defined support level, and a resistance area that continues to influence daily movement.
