Looking at the recent trend of LUNA2, the price has already broken through the lower Bollinger Band, and the RSI indicator is only 20.5, which clearly indicates a severely oversold condition. In simple terms, the bearish momentum has been fully released, and a rebound at this point is almost inevitable.

From a technical perspective, a strong rebound is likely to occur in the short term. In such situations, the law of extremes often comes into play. The bulls now are like in a battle for survival, and the opportunity to counterattack is right in front of them.

Specifically, the target level to watch is the previous high of $0.15. This could become an initial resistance level. Of course, whether the market can reach this point still depends on subsequent trading volume and buying strength. Anyway, based on the current oversold state, the overall direction remains optimistic.