$LUNA Luna Forms Bullish 'W' Pattern, Signaling Potential Reversal

Luna (LUNA) is tracing a clear bullish 'W' pattern, also known as a double bottom, on its chart. This formation indicates that strong support has been established at a key price level, suggesting that selling pressure is exhausting and buyers are stepping in. For LUNA, this pattern presents a potential trend reversal signal. The critical confirmation for traders is a decisive breakout above the pattern's neckline resistance—the peak of the 'W'. A successful breakout, especially on increasing volume, would validate the structure and could trigger a rally toward a price target projected from the pattern's depth.$USTC $LUNA

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LUNA

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