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Classic ‘bull pennant’ setup paint $100 LUNA price target -Breaking

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(LUNA) faces the prospects of hitting $100 within the coming weeks because it paints a traditional bull pennant construction.

Intimately, bull pennants seem as the worth developments inside a triangle sample after a powerful transfer upside. Many analysts see it as an indication of bullish continuation, i.e., they assume the instrument would ultimately break above the triangle’s higher trendline to renew its worth rally greater.

LUNA/USDT four-hour chart that includes Bull Pennant setup. Supply: TradingView
LUNA circulating market capitalization. Supply: Messari

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LUNA/USDT versus every day worth chart. Supply: TradingView