Bitcoin’s stabilization could be key for LUNA price to trigger a move to $3.5
— Price, Trigger, Stabilization, Luna, Support, Setup, Bitcoins, Reversal, Swing, Level — 1 min read
LUNA price set a swing low at $1.94 on June 8 after crashing 89% since May 31. This move was the last leg of the downswing and set a base for the triple tap setup. Investors need to pay close attention to the immediate support level, a breakdown of which could result in further descent. Investors can expect the altcoin to trigger a 40% run-up to $2.80, but in some cases, revisit the $3.51 target. LUNA/BUSD 4-hour chart shows the formation of a bottom reversal setup that could trigger a bullish move. Bitcoin price is also showing signs that it wants to rally, adding credence to the reversal outlook.LUNA price may drop 17% Source