LUNA Technical Analysis: Splurging Buyers Surpass $100

LUNA coin price action gives a rounding bottom breakout, with the rally surpassing the $100 mark. Will the rally continue to reach the $150 mark? Key technical points: LUNA prices surpass the $100 mark. In addition, the RSI slope spikes above the 14-day average. Finally, the 24-hour trading volume of Terra is $3.40 Billion, marking a 180% rise. Past Performance of LUNA The LUNA coin price shows a remarkable growth of 20% in the last four days resulting in the rounding bottom pattern with the neckline at $100. The crucial psychological barrier breakout of $100 increases the overall bullish attention evident by the 180% jump in trading volume. Furthermore, the rally brings a triple white soldier pattern continuation indicating sustenance in buying pressure which may continue further. Source-Tradingview LUNA Technical Analysis LUNA coin price breaks above the psychological mark of $100 with a bullish engulfing candlestick projecting a huge surge in the buying pressure. However, the breakout of such a critical level demands a retest for further bullish continuation. The Terra market price continues the bullish rally above the crucial EMAs, maintaining a positive alignment in the daily chart. Hence, the EMAs are projecting a solid underlying bullishness. RSI Indicator: The RSI slopes spikes above the 14-day SMA as it maintains in the nearly overbought zone. Hence, the indicator reflects a surge in the buying pressure. Pivot Point I...