LUNA – Multiple Touches on the Long-Term Downtrend Line.

LUNA has been moving within a consistent long-term downtrend, confirmed by several clean touches of the descending trendline over the past few years. Each retest has reinforced the strength of this resistance zone, but the recent volatility spike suggests that momentum may finally be shifting.

Price once again approached the trendline after an extended period of decline, and the reaction here will be crucial. If bulls manage to break above this multi-year structure, the chart opens a path toward a much deeper recovery.

The key target to watch is the $1.00 area, which aligns with the 0.618 Fibonacci retracement of the entire downside move. This level acts as a natural magnet during strong corrective rallies and could become the primary mid-term objective if the breakout confirms.

In short, the market has spent a long time suppressed under the trendline, and it may finally be time for some upside revival. A confirmed break and retest could trigger a strong relief rally toward the $1 zone.