- Terra coin price is currently observing a strong upside momentum with a gain of more than 10% in the intraday session.
- LUNA price may face a weak resistance in its bullish momentum while going upwards. Meanwhile, LUNA/BTC pair has also began its journey for the new high
Why To Invest In LUNA Coin?
LUNA coin price is currently observing a strong momentum which can breach its previous resistance to attain the new high. Terra coin price is currently trailing near $35 with an intraday gain of more than 10% .The ROI of Terra is more than 1235% which has been profitable to the investors and retailers for a very long time. The bull trend has made the investors gain more than 6X in the past few months.
LUNA 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 to its users. The development of the LUNA has been in the eye of the investors for a very long time . The brain behind the platform is Daniel Shien who has worked in Ticket Monster before coming to Terra. LUNA/BTC pair is also ready to see a new high in the future. One can invest in LUNA according to their risk capacity and price action scenario in the asset.
Terra coin market dominance along with the market cap has been seeing significant growth . The volume of the Terra has seen a new gains in the past trading session.Meanwhile, the volume to market cap ratio of the asset suggests a strong upside momentum for the price.
LUNA Coin Price Is Ready To Breach Above The Threshold Of $50
The weekly technical chart of the LUNA coin price hints towards a strong bullish momentum for the future. On the daily chart the coin price is observing a strong upside momentum . LUNA coin price may observe hostility while going upwards near the value of $50 . The support region of the coin may face a bounceback region near the value of $20. 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 $20, making it a support zone for the price. LUNA/BTC pair can see a new high in the future.
Conclusion
LUNA coin price has started its upside momentum which can soon breach above the resistance of $50 . LUNA/BTC pair can also observe a breakout from the previous resistance
Technical Levels
Major Support:$35
Major Resistance:$65