$LUNA has experienced a slight decline of 2.045% in the last 24 hours.
The price is hovering between the support level of 0.1427 and the resistance at 0.1496.
Bollinger Bands indicate decreasing volatility, with the price nearing the lower band of 0.1425.
The overall market trend remains bearish, influenced by macroeconomic factors like ongoing inflation concerns.
Currently, Bitcoin's influence on LUNA appears undefined, potentially heightening local volatility.
Traders may consider a short-term approach given the prevailing downtrend and recent price action.
Key takeaway: Caution is advised as LUNA faces significant resistance ahead in this uncertain market environment.
