- Luna Token prices break above the resistance level of $10 with a boom in buying pressure.
- The LUNA Token price is moving higher than all the critical EMAs in the daily chart.
- The token pair LUNA/BTC trades at 0.0002687 BTC with an intraday gain of +8.35%
The price of the TERRA Token fell temporarily after it started to retrace back from the $8. Token prices fell to $5.5 support after this short-term decline. Despite this, bulls were still able to push prices above $8.5 resistance with increased buying pressure.
Due to the bullish sprint, the token price is trading higher than all the critical EMAs on the daily technical chart. All EMAs are moving higher, which may temporarily give rise to bullish crossovers.
The current live LUNA token price at writing time is $10.77. There has been a 77% drop in intraday trading volume. Nevertheless, the token’s market capitalization has increased by +8.67% over the past 24 hours.
LUNA Token Price Approaching the Target Of $12
TERRA Token prices have broken the $10 resistance level. They will continue to rise as buying pressure increases. Investors may soon see the token price test the $10 level before moving higher.
If the price action holds, LUNA token prices could encounter resistance between $12.00 and $15.00 if they rise above $10. However, in the event of a reversal, the LUNA token prices may stop the decline at the $8.5 and $6.5 levels.
The 4-hour timeframe shows that LUNA token prices are trading above all critical EMAs, while all EMAs are rising in bullish alignment.
Relative Strength Index that projects underlying bullishness is rising as the slope of RSI jumps higher.
The ADX indicator predicts a rapid increase in trend momentum.
Conclusion – As bullish momentum continues to grow, LUNA Token prices could continue to rise above $12 resistance. To avoid fake breakouts, investors may be more comfortable entering at the retest.
Support – $8.5 and $6.5
Resistance – $12.00 and $15.00