The last two trading weeks on the LUNA market have maximized the positive and hope in the souls of investors. The LUNA price is moving within the historical high and has every chance to break it. The trading volumes does not yet indicate a high level of buyers' aggression and remain consolidating. The main scenario we talked about in the previous analysis of 3 February has worked out. Buyers were not only able to test the $79 mark, but also surpassed themselves. Is there a high probability of the LUNA cryptocurrency correction? Yes, but before that, buyers can successfully break the historical high or a false break and stop in the range of $100, or make the final impulse to the mark of $148.

<img class="alignnone" src="https://s3.tradingview.com/snapshots/7/7hFqWMs8.png" alt="LUNA" width="1386" height="790" />

<a href="https://www.tradingview.com/x/7hFqWMs8/">https://www.tradingview.com/x/7hFqWMs8/</a>

Currently, the LUNA cryptocurrency is one of the strongest cryptocurrencies that can actively grow while increasing Bitcoin dominance. Therefore, if you are currently looking for a cryptocurrency to invest in - LUNA is an ideal candidate. However, you can buy LUNA in two cases. The first is after the $148 test and after the price correction to $100. If the price stays in the range of $100 and does not go lower - the global LUNA  growth wave is incomplete. Another good chance to buy LUNA will come after a failed break of the $100 mark. In that case, we will expect an aggressive fall wave to the $60 range. Why should you consider buying LUNA near the $60 mark? To do this, it should be considered in detail the smaller timeframe.
<h2>LUNA Technical Analysis On The Daily Timeframe</h2>
<img src="https://s3.tradingview.com/snapshots/d/dbOZIe4O.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/dbOZIe4O/">https://www.tradingview.com/x/dbOZIe4O/</a>

If you look closely at the LUNA price movement on the daily timeframe from August 2021, you can see a slowdown in the growth trend. This is evidenced by the red trend channel, in which the coin price clearly changed the angle of upward. In addition, the bottom trend line of this growth channel is working well for the fourth time. As soon as the LUNA price touches the lower trend line of the growth channel, there is a reversal. Also, this growth channel confirms the probability of the $148 test, as it is its upper trend line.

Therefore, it will be reasonable and safe to buy LUNA near the $60 mark in the event of a cryptocurrency market correction. Also, carefully studying the LUNA price movement over the past two weeks, you can see a significant increase in trading volumes. Since 21 February, there has not been a single day with low volumes. Thus, the probability of breaking the $100 mark up is quite real. In the worst case, there may be a local correction to the $70 mark, from where buyers will try to storm the $100 again. But, while the coin price is above $70 - the mood in the market will be bullish.
<h2>The LUNABTC Price Has Updated The Historical High</h2>
<img src="https://s3.tradingview.com/snapshots/r/R60HfZu1.png" alt="TradingView Chart" />

<a href="https://www.tradingview.com/x/R60HfZu1/">https://www.tradingview.com/x/R60HfZu1/</a>

The LUNABTC price chart adds significant positivity and hope for the continuation of the growth wave. In the weekly timeframe, we see that buyers do not think to allow the market even a local correction. The departure of the LUNABTC price beyond the black trend line did not help sellers to start a correction in the market. We expect the LUNABTC price to continue to grow with the first target of 0.0034.

LUNA Technical Analysis: Let's Go To The Mark Of $148

Therefore, it will be reasonable and safe to buy LUNA near the $60 mark in the event of a cryptocurrency market correction.

Peter came to know about cryptocurrencies in 2017 and was instantly enamoured by their massive potential. As he gained more insights about the crypto market, he began writing about it. Peter's daily activity is analysis and forecasting, studying the price movements probabilities, and trying to understand the market inside. He is glad to witness such a phenomenon as cryptocurrency and decentralized finance, and to participate in it.

LUNA Technical Analysis: Let's Go To The Mark Of $148

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