- LUNA dropped to $0.1582, triggering a liquidity sweep that confirmed seller dominance through impulsive, large-bodied bearish candlesticks.
- Price failed to reclaim structure after rejection at resistance, validating the Advanced Order Block as a decisive supply zone in the downtrend.
- With the price at $0.1531 and momentum weakening, downside continuation remains favored as long as LUNA trades below the $0.1582 rejection point.
Terra (LUNA) dropped to $0.1582, triggering a bearish move that swept external liquidity and confirmed strong seller control. The sharp move downward follows a clean structural break and resistance rejection, with continued downside favored below the key zone.
Advanced Order Block Validates Bearish Setup
A tweet from CryptoPatel noted that LUNA tapped external liquidity at $0.1582 with precision, confirming a bearish trade setup. The price action showed a rejection from a well-identified resistance area, aligning with an Advanced Order Block (OB) that held firm. This OB, functioning as a supply zone, rejected bullish attempts and provided a springboard for bearish continuation.
The confirmation came with an impulsive drop, marked by large-bodied bearish candles and limited bullish recovery. Such price behavior suggests increased sell-side pressure and a market environment where buyers struggle to reclaim lost ground.
Structural Breakdown Reinforces Bearish Bias
Following the liquidity sweep, LUNA failed to reclaim the $0.1582 level. This inability to recover the broken structure strengthens the bearish outlook, with the market now leaning towards a lower range. The move established a clean structural shift and confirmed the Advanced OB’s role as a key pivot.
With price now trading at $0.1531, the market appears to favor a continuation lower. The current setup hints at further downside potential, possibly targeting the psychological level at $0.1500 or deeper into unmitigated demand zones. Traders are watching these levels closely, as any further rejection could open up space for more declines.
Market Conditions and Current LUNA Metrics
As of writing, LUNA is priced at $0.1531, registering a 5.54% decline in the past 24 hours. The 7-day drop now stands at 9.88%, reflecting consistent downward momentum. The 24-hour trading volume is $15,263,328, indicating active participation amid the decline.
This transition illustrates a strong technical story since liquidity sweeps, order block rejections, and impulsive bearish moves had already defined direction clearly. As long as the price stays capped under the $0.1582 level, there is still a probability of continuation to the downside.
