The LUNA Coin reached an all-time high of $45.1 on September 11 and has been moving along the downward resistance line ever since. As a result, the price fell to $23.95 on September 21.
? During the subsequent rebound, the market managed to make a bullish break of the downward resistance line and then turn it into support. Thereafter, the LUNA exchange rate also recovered above the $34.50 area.
? As long as the price remains above this level, the trend can be considered bullish.