LUNA is a decentralized financial infrastructure and blockchain protocol that has it's own native token, stablecoin protocol, oracle system, and smart contracts capabilities! LUNA, like SOL, look like they could very well overtake #ETH in the near future. They are faster, more efficient, and more capable than good ol' $ETH1.0 (and potentially ETH2.0).
We can see that LUNA recently broke out of a triangle formation and price has been rising in a expanding wedge. This formation is more likely to break down than to break out. Right now we can see support holding, but if support is lost here, I'd be looking for a move down to the next support zone.
Note
Please leave a like! It helps to show some love and motivates me to share more with the community!
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.