LUNA Shows Bullish Divergence: 27X Rally Ahead
LUNA holds a bullish RSI divergence, signaling weakening bears. A breakout could trigger a massive 2,600% rally to $9.12.
- $LUNA’s price is holding a bullish RSI divergence, hinting at weakening bears.
- A confirmed breakout could shift momentum in favor of bulls.
- Analysts suggest a potential 2,600% (27X) rally toward $9.12.
Terra ($LUNA) is showing bullish RSI divergence, a technical signal indicating that selling pressure may be fading while buying momentum builds. Historically, such divergences precede significant price reversals, suggesting that the bears are losing control and bulls may be preparing for a strong comeback.
This pattern indicates that despite recent price stagnation, underlying market conditions could support an imminent rally. If $LUNA confirms a breakout above key resistance levels, bullish momentum could accelerate.
2,600% Surge? Breaking Down the Target
Market analysts predict that if bulls take full control, $LUNA could surge by 2,600% (27X), reaching $9.12. This price target is based on historical resistance zones and Fibonacci extensions, which align with previous price movements in volatile crypto markets.
However, for this rally to materialize, key breakout confirmations are required. A strong move above resistance, increasing trading volume, and sustained bullish sentiment will be crucial in validating this optimistic forecast.
What to Watch for Next
- Breakout Confirmation: A decisive move above major resistance could trigger momentum.
- RSI and Volume Trends: Continued bullish divergence with increasing buy volume is a strong indicator.
- Market Sentiment: Broader crypto market trends and Bitcoin’s performance will influence $LUNA’s trajectory.
While a 27X surge is an ambitious prediction, traders are closely watching $LUNA’s price action to see if bulls can truly regain control.
