Luna taking support at long term trendline that has acted as support as well as resistance at multiple times. Short term trendline resistance also playing out. Will wait for break at either end before going long/short. Coin is in up-trend so long side moves preferred
Luna in daily time frame is getting rejected every time it is testing it's above trend line, it is also testing the 50 moving average and almost a 4th attempt to break the trend line. If it breaks the trend line we can expect a bullish move from Luna.
LUNA is the reserve currency of the Terra platform. The Terra protocol is a Proof of Stake (PoS) based blockchain wherein the miners are required to stake their Luna tokens to mine transactions. As the probability of a validator being able to mine the next Terra block is directly proportional to the staked Luna tokens, Luna holds key importance in the Terra...
