Here’s an analysis of the $MIOFF / $LUNC :
Overall Trend
- The chart shows a strong upward trend followed by a recent pullback.
- The candles are mostly green with strong momentum up until the top, suggesting previous bullish sentiment.
- A correction is underway as of the last few candles.
Resistance Zone
- Marked at the top (~0.001280 to ~0.001330 LUNC)
- Price has rejected this level twice, indicating strong selling pressure.
- If price breaks and closes above this zone, it could signal a new rally.
Support Zones
- First support: Around 0.000880 – 0.001020 LUNC
- Price has bounced from this area before, showing short-term buyer interest.
- Currently, price is testing this support again — critical level to watch.
- Second support: Around 0.000580 – 0.000700 LUNC
- Strong historical buying zone.
- If the first support fails, this is likely the next stop for price consolidation or bounce.
Volume Analysis
- Recent volume spikes during red candles indicate profit-taking or panic selling.
- The volume during pullback is still lower than the uptrend volume, which might suggest a healthy correction instead of trend reversal (for now).
https://coinhall.org/terraclassic/terra1zt5ffyf5l7dyjjcjhecm2hw9jzaseq7y2tv0udz09qshcnphwzkqfgm94c
