$LUMIA shows strong performance with clear upward momentum, but it needs careful monitoring of key support and resistance levels to leverage its strong movements
Recent performance:
- Current price: 0.404 USDT (up 21.32% in 24 hours)
- Trading volume (24 hours): 16.24 million LUMIA and 6.39 million USDT
- Highs and lows:
- Highest price in 24 hours: 0.427 USDT
- Lowest price in 24 hours: 0.330 USDT
- The pair shows significant volatility which provides excellent trading opportunities
Technical indicators:
- Moving averages:
- 7-day moving average: 0.404 (matches the current price)
- 25-day moving average: 0.381 (indicates an upward trend if the price remains above it)
- 99-day moving average: 0.327 (represents strong long-term support)
- Key levels:
- Nearby resistance at 0.432 USDT
- Strong support at 0.379 USDT
Forecast:
- In the short term, if the price holds above 0.40 USDT, it may target the range of 0.43-0.45
- If the price drops below 0.379, the pair may see a correction towards 0.35-0.33
Proposed strategy:
- For buyers: enter at 0.40-0.41 with targets at 0.43-0.45 and stop loss at 0.379
- For sellers: monitor the break of the 0.379 level for sell trades towards 0.35
