- Terra crypto price is currently seeing a strong bullish momentum and can soon see a new high. In contrast ,LUNA price is trading with a gain of more than 4%
- LUNA might skyrocket to the moon in the upcoming days Meanwhile, LUNA/BTC pair is up by more than 3% in the past 24 hours.
Why To Invest In LUNA Crypto?
LUNA crypto price is seeing a strong upside momentum which can act as a strong catalyst for the price to reach a new high. Terra token price has seen a gain of more than 4% in the intraday session and is trading near the value of $35 .The ROI of Terra is more than 1235% which is much higher than its competitors in the market. The bull trend of the coin has pushed it from $6 to $36 in just a few months. The gain of the Terra has multiplied the wealth of the investors by 6X in the past. 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 development of the LUNA began from 2018 and its mainent was launched in 2019 . The brain behind the project is Daniel Lu who has worked for a variety of companies. LUNA/BTC pair can see a major breakout in the future. One can invest in LUNA according to the price action and risk capacity of their investment.
Terra coin has a market dominance of more than 0.28% and is ready to breakout above its new high.. LUNA market cap along with volume has seen a large rise in the past trading session. Meanwhile, the volume to market cap ratio of the coin price hints towards a strong bullish momentum in price
LUNA Crypto Price May Soon See A Breakout Above $50
The weekly technical chart of the LUNA crypto price hints towards a strong bullish momentum in price. On the daily chart the asset price is seeing a strong bullish momentum in the future. LUNA coin price may face hostility near the value of $55 . The support region of the asset can be seen near $25. The price of the coin is currently trailing above the 50 and 100 Daily Moving Average, with a positive crossover in the past. The 100MA line is near $18, making it a temporary bounceback zone for the price. LUNA/BTC pair can observe a breakout in the past and can soon see a new high.
Conclusion
LUNA crypto price is seeing a strong bullish momentum and can soon see a major breakout . LUNA/BTC pair can also see a new high in the future
Technical Levels
Major Support:$35
Major Resistance:$65