- LUNA coin price action is in an uptrend of 4.9% during the intraday trading session.
- The 24-hour trading volume is at $426 million.
- LUNA/BTC pair is trading positive by 2.9% at 0.00032027 BTC.
The daily technical chart of the LUNA coin displays an upward trend. According to the pivot levels, the primary support level is $9.30. On the other side, if it rushes up, the resistance level to follow is $15.60. Although the chart forms a bullish engulfing candlestick pattern within the day, it is predicted that the price may remain upwards with high reliability.
The Zig-Zag framed a top of $22.40 on 21 Mar. After that, investors can notice a massive correction of 85%, all the way low to $3.91. Now price levels are back around the range of $14 this week.
The volume of (3.03M) is below the MA of 20-days (10.27M). As a result, volume is moderate in LUNA, causing its price to remain around the resistance zone. Investors may also mark that the volume bars on the chart are declining, which intimates that notable volatility is expected in the upcoming trading session.
The Schaff Trend Cycle indicator (bullish) with a 100 represents a buy signal in the LUNA coin, projecting an uptrend. Additionally, Investors can see a green buy signal and an upward slope in the index.
Terra (LUNA) Coin Price Action in Favour of Bulls
Terra’s price today is $14.73, and the 24-hour trading volume is $426,556,563. The price of LUNA coin has increased by 4.9% in the past 24 hours. The circulation of LUNA coins is 410 million, with a total of 995 million. In addition, the price moves around the resistance zone. The STC indicator shows a buy signal, and the traders have guided average volume. Technically, the price shows signs of an uptrend. Therefore, as with overall market sentiment, the trend remains bullish.
Resistance Level: $15.60
Support Level: $9.30