Interesting rebound structure forming in $LUMIA /USDT!
After reaching a peak at 0.13952 and undergoing a sharp correction, the price is looking to regain strength, trading at 0.11701 (+45.21%).
Technical analysis of the 15m chart:
Current key level: The price is trading just above the short-term moving averages MA(7) at 0.11529 and MA(25) at 0.11578.
24h volume: 133.52M USDT traded, reflecting that liquidity is still present.
Trading range: 24h low at 0.07958, with immediate resistance to break in the 0.1250–0.1300 zone.
With this recovery structure above the moving averages:
Are we seeing the start of a second push to retest the high of 0.1395, or is this a loss of momentum that will lead to a new correction?
Share your take in the comments! $LUMIA #Lumia #BinanceFutures
After reaching a peak at 0.13952 and undergoing a sharp correction, the price is looking to regain strength, trading at 0.11701 (+45.21%).
Technical analysis of the 15m chart:
Current key level: The price is trading just above the short-term moving averages MA(7) at 0.11529 and MA(25) at 0.11578.
24h volume: 133.52M USDT traded, reflecting that liquidity is still present.
Trading range: 24h low at 0.07958, with immediate resistance to break in the 0.1250–0.1300 zone.
With this recovery structure above the moving averages:
Are we seeing the start of a second push to retest the high of 0.1395, or is this a loss of momentum that will lead to a new correction?
Share your take in the comments! $LUMIA #Lumia #BinanceFutures