- Terra coin price is currently seeing a bullish uptrend and can soon cross above $50. In contrast ,LUNA price has seen a gain of 12% in the past 24 hours
- LUNA has formed a bullish engulfing pattern on the daily chart which can skyrocket the price to the moon. Meanwhile, LUNA/BTC pair has also observed a gain of more than 12.59% in the intraday time frame
Why To Invest In LUNA Coin?
LUNA coin price is currently in a strong bull trend and can soon see a major breakout above $50.Terra coin price has seen a gain of more than 10% in the intraday session and is trading near the value of $32 .The ROI of Terra is more than 1235% which has profited the investors for a very long time. The coin went up by more than 600% in just a time frame of one month. The bullish trend of Terra has pushed it beyond $24 making it a gain of more than 6x. Terra uses the price stability and large adoption of fiat currencies with the decentralization of Bitcoin (BTC) and offers a fast and affordable monetary payment system. The mainnet of Terra came into existence in 2019, meanwhile its development began in late 2018 . The brain behind the project is Daniel Lu who has vast experience in the blockchain. LUNA/BTC pair can also observe a breakout from the previous resistance in future. One can invest in LUNA for the gains as per their risk capacity.
Terra coin has a market dominance of more than 0.28% and is down by just 0.28% from its all time high. LUNA price can soon break its all time high and reach for the new levels. Meanwhile, the volume to market cap ratio of the asset price highlights a strong uptrend in price
LUNA Coin Price Hints Towards A Strong Upside Momentum
The weekly technical chart of the LUNA price suggests a strong upside momentum. On the daily chart the coin has formed a bullish pattern with an increasing volume. LUNA coin price bullish momentum might face hostility while going up near $50.. The support region in the coin can be seen around $24. The price of the coin is currently trailing above the 50 and 100 Daily Moving Average. The 100MA line is near $13, making it a temporary support zone for the price. LUNA/BTC pair can see a breakout above the previous resistance in future
Conclusion
LUNA coin price is currently in an uptrend and can soon see a new high of $50 . LUNA/BTC pair can also observe a new high in the future
Technical Levels
Major Support:$20
Major Resistance:$50