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- 1 The LUS price showcased a range breakout and it is depicting buying momentum.
- 2 Buyers have gained traction and are targeting $0.0045000.
The Luna Rush (LUS) crypto reflects buying momentum and poured gains above the 200-day EMA mark, revealing investor interest in the last sessions. Moreover, the LUS price has attained a breakout after a long time and is showing fireworks. The price action displayed the up move and noted a bullish crossover on the charts. Furthermore, the LUS price has retested the supply zone of $0.0038000 but failed to sustain and profit booking was witnessed.
LUS price has escaped the significant moving averages and reached a bullish trajectory, indicating a positive outlook. Moreover, the trend flipped and reflects the investors’ interest, who have made long positions and are interested in the upliftment of the LUS crypto in the following sessions. Per the Fib levels, the LUS crypto price has escaped the 50% zone. It is targeting to escape the 61.8% zone, above $0.004000 to accelerate the uptrend.
The cryptocurrency price was $0.003181 at press time, with an intraday gain of 0.30%, showing buying momentum. Moreover, the trading volume increased by 72.10% to $9663, highlighting investor interest. The pair of LUS/BTC was noted at 0.000000191 BTC and the market cap is $2.81 Million. Analysts are neutral and suggest that the LUS price will persist in extending the buying momentum. It can reach $0.0042000 in the following sessions.
The LUS Price on Daily Charts Displays Bullish Momentum
On the daily charts, the LUS crypto price showcased buying momentum and replicated a positive outlook. Moreover, the price action signifies a bullish indication. The LUS crypto price may stretch the up move and will fly above $0.003800 in the following sessions.
The RSI curve stayed above the midline, shows buying momentum on the charts, and reflects a positive crossover. The MACD indicator shows a bullish crossover and suggests a bullish outlook for the following sessions. Per the Fib levels, the LUS crypto price has escaped the 50% zone. It is targeting to surpass the 61.8% zone above $0.004000 soon.
The LUS Crypto Price on Weekly Charts shows a Range Breakout
On the weekly charts, the LUS crypto depicted a range breakout and retested the 50-day EMA in the last session. Moreover, the price action signifies an increase in trading volume, and a positive outlook was glimpsed. Additionally, the trend reflects a pullback from the lows and the LUS crypto has replicated a bullish marubozu candlestick, which reveals strong buying momentum.
Summary
The LUS price has escaped the neckline hurdle of $0.002700 and indicates buying momentum in the last session. Moreover, the price action signifies the follow-on buying momentum and reveals a range breakout. Furthermore, the LUS crypto price might fly above $0.003500 and spray gains in the following sessions.
Technical Levels
Support Levels: $0.003000 and $0.002800
Resistance Levels: $0.003300 and $0.003500
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
