LUNA Trading At Major Support. Can This $74 Price Level Hold?

LUNA is down more than -37% from its ATHs. What can we expect next?

The LUNA price is down more than -37% after making ATHs earlier this year.

The LUNA/USDT coin was loved by a lot of crypto enthusiasts because it continued to perform and rally higher all through early 2022 even while the general crypto market crumpled.

And we believe the Altcoin price might be getting ready to resume this uptrend in the coming days.

In this LUNA analysis, we will be talking about the major key level LUNA is currently trading at in the 4-hour timeframe and how this level could impact the trend of the Altcoin price if it holds.

LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction
LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction

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LUNA $74 Key Level!

LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction
LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction

This $74 price level has played a major role in defining the LUNA price trend over and over again in the past. And right now, the Altcoin price is trading around this key region again.

The question traders are asking now is

Will this $74 price level hold for us to see a bullish bounce and a rally higher or will it break?

For this analysis, we are only looking at the bullish price scenario for LUNA.

If you are more bearish and think we should expect a crash, then you can check out our bearish analysis that would be posted soon Is The Bull Run Over For LUNA? Watch This Massive Head and Shoulders Pattern!

LUNA Bullish Price Scenario!

For LUNA to remain bullish and have the potential to rally higher in the coming days, the $74 key region must hold.

If this level continues to hold, there is a very high probability that we might see buyers begin to re-enter the market and push the Altcoin prices higher.

LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction
LUNA Trading At Major Support. Can This $74 Price Level Hold? Watch this 4-hour price prediction

This makes $74 the most important level for the bulls. And it is important for the LUNA bulls to hold this 4-hour key level at all costs.

A break below it could signal a massive sell-off to come.

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