We are now in the final hours of an exciting year for investors, with only a few days left. So what are the last predictions as the year comes to an end? 2023 hosted over 160 major events, and we will see even bigger turning points in the coming year. With halving, interest rate cuts, and ETF approvals, the excitement will be much higher.
LUNA Coin Chart Analysis
Before the FTX collapse, we witnessed the fall of the $40 billion Terra ecosystem. It was a period of caution, and investors became certain that prices could drop by 99% over several days. They experienced and practiced this. However, as we entered 2023, the ghost town of Terra still kept the hopes of a group of aggrieved investors alive.
In November, the price began to recover from $0.46 and rose back above $1. However, since long-term expert expectations for LUNA Coin are negative, no one saw this as a major buying opportunity. Unsurprisingly, the price peaked at the $1.25 threshold and then broke down.
Now there’s a chart waiting for a pullback to the support levels of $0.8 and $0.58. Unless there is a big surprise, the decline for LUNA Coin could continue in the coming days.
For the opposite scenario, with closures above $1.25, levels of $1.5 and $1.92 could be targeted. This would require a very large FOMO period.
AVAX Coin Price Commentary
As this article was prepared, AVAX Coin’s price had fallen below $40 again and was continuing the day with an 8% loss. Despite key openings, it captured a good upward momentum but could not reclaim the voluminous selling areas from last May. Although it came close, the AVAX Coin price is now erasing the gains of the past week.
If the sales continue, we might see a new bottom between $36 and $32. In the coming days, as demand is expected to shift more towards BTC with the anticipation of ETFs, liquidity losses in altcoins are targeted. Moreover, investors are already starting to take profits in preparation for a potential “sell the news” event.
A major selling wave could push the AVAX Coin price towards the main support level of $22.
