LUNA almost died today because of its UST stablecoin. I am trying to predict the next move. And I predict a move to previous support at $20. Sounds outrageous considering the utter failure of Luna’s stable coin and absolute capitulation.

But this is an exercise in technical analysis , we see CCI breaking out of its downtrend and the macd forming a bullish divergence . There is obviously a lot inefficiency in the mad rush to sell LUNA which I think needs to be closed. A retest of previous range support at $20 is my bet for the next move.