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LUNR Price Action Update: Support Levels Hold Firm
Earlier analysis flagged two critical downside targets for LUNR—a minor support zone at $11.40 followed by stronger resistance at $10.75. The prediction? A reasonable probability of testing that $10.75 level.
The market delivered. Price action dipped slightly below the EMA50 before consolidating, ultimately closing right around $10.78. Notably, the EMA20 sits at $10.77, creating a tight technical setup at these levels.
This bounce-back behavior off the lower support zone validates the technical framework. Traders watching LUNR should monitor whether this level holds as a floor for the next move up, or if fresh weakness could trigger another retest.