Luna broke all support levels so far and there is no sign this is going to stop until price reaches $50.
RSI, MACD and volume profile support further downtrend. The RSI did not even reach oversold on daily = plenty of space to fall more.
What is surprising is the lack of ANY bounce... that one is hard to swallow if you are a Luna holder.
However, Luna has strong support at $50, so probably a great area for a nice bounce and relief rally. Prepare your cash if so.
BTC is still to set a lower low, if that happens, Luna will fall more, so try to DCA as we go through the levels.
I saw some ideas saying Luna can go to $10, which is likely if we enter a bear market... just a matter of time. But it is too early for that. BTC can still pump from 40k.
Time will tell, for now $50 looks juicy to me. Luna should definitely be on your top 5 list in 2022, so getting exposure to Luna is good long term.