LUNA Technical Analysis: Bulls Overcome Sellers at $90

LUNA coin price continues the uptrend with a boom in buying pressure to surpass the $85 mark. Will the uptrend sustain above $90? Key technical points: The LUNA coin prices surpass $85 The RSI slope enters the overbought zone The 24-hour trading volume in the Terra token is $1.47 Million, indicating a 270% rise. Past Performance of LUNA The LUNA coin price showcased a bit of rejection near the $75 resistance zone, but the sudden recovery in the overall market propelled it higher. The coin price breaks above the $75 zone, as we forecasted in our previous article. The rally shows an overnight growth of 20% resulting in the breakout of the $85 mark. Source-Tradingview LUNA Technical Analysis The LUNA coin price action shows a huge bullish engulfing candlestick that reaches the $90 mark and hints of a continuation above the psychological mark of $100. Therefore, a possibly lower price rejection can be observed later today. The daily crucial EMAs in the Terra price chart regain their bullish alignment by avoiding the 50 and 100-day EMA crossover. Hence, the EMAs can provide bullish support to any bears attacks in the near future. The MACD indicator shows the bullish histograms continuing the high rise formation that indicates a boom in buying pressure. Moreover, the fast and slow lines maintain a huge gap indicating that the uptrend is here to stay. The RSI Indicator slope enters the overbought zone and marks the possibility of a s...