LUNA Technical Analysis: Breakout Fuels Uptrend With Next Target at $75

The LUNA coin price surpasses the short-coming resistance trendline and aims to overperform the 50 and 100-day EMAs merged at $60 and reach $75. The LUNA coin price shows a symmetrical triangle pattern breakout with a 15% jump in the last 72 hours. The price sustains above the 200-day EMA and remains significantly neutral in the bearish market. Will this triangle breakout help the altcoin regain the uptrend momentum? Key technical points: LUNA coin price sustains above the $50 mark. The MACD and signal lines avoid yet another potential bearish crossover. The 24-hour trading volume in the Terra token is $2.82 Billion, indicating a 1.24% fall.  Past Performance of LUNA LUNA coin price shows a 15% price jump after a fakeout of the 200-day EMA resulting in the symmetrical triangle breakout. The price jump helps avoid the $50 downfall and end the lower high formation under the resistance trendline influence. The uptrend may continue to reach the $75 resistance zone if it surpasses the merged 50 and 100-day EMAs at $60. Source-Tradingview LUNA Technical Analysis  The short-coming uptrend in the LUNA coin price lacks the volume support as the 1.24% rise remains negligible to show a bullish commitment. Hence, a rise in trading volume can provide an extra edge for bullish traders and help avoid a reversal from $60. The crucial 50, 100, and 200-day EMAs showcase a sideways trend in the 200-day EMA, but the market value of the Terra token remains higher. However, the merged 50 and 100-day EMAs warn of a bearish crossover that will increase the fear and number of resistances to overcome.  The RSI Indicator shows a bullish trend continuation as the RSI slope spikes above the central line and the 14-day SMA. Hence, the RSI slope surpassing the significantly significant resistance near 50% marks a bullish milestone. The MACD indicator shows the MACD and signal lines continuing the uptrend and avoiding another bearish crossover. The lines may shortly trump the zero line, which will increase the chances of a bull run to the $75 mark. In short, the LUNA technical analysis projects a possible uptrend to $75 if the trading volume increases. Upcoming Trend The LUNA coin price anticipates a bullish trend with the triangle breakout and the sustenance above the $50 mark. The following key resistance is the merger of 50 and 100-day EMA, resulting in a bearish crossover. Hence, traders need to mitigate their risk at $60. The breakout of $60, i.e., the 50 and 100-day EMAs, will increase the probability of a price jump to $75. Support Levels: $50 and $45 Resistance Levels: $60 and $75

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