- Luna Token price rose more than 45% in the past 48 hours.
- The token price finds demand near the 100-day EMA.
- The token pair LUNA/BTC trades at 0.0008081 BTC with an intraday gain of +18.66%
LUNA token price action forms a bullish engulfing candlestick with the demand met near the 100-days EMA, resulting in a bullish rally of more than 45% in the past 48 hours.
Investors hoping for a bullish spot in the TERRA token might want to wait for the price to test the $35 mark upon which the prices could boom again.
All the EMAs rise higher in a bullish alignment providing support to the increasing TERRA token.
The LUNA Token Market Price stands at $35.45, a rise of +20.33% in market capitalization over 24 hours. It is indicative of rising bullish pressure and an inclining increase rate.
Within 24 hours, the coin’s intraday trading volume increased by approximately 27.35%. It indicates that investors may be more inclined to speculate on a bullish rally.
LUNA Token Price Makes Higher high
The LUNA Token price broke above the $35 resistance mark. The bullish trend is continuing, and the crypto asset will continue to rise. Investors may soon see token prices rise above $50 due to increased buyers.
Price action recommendations suggest that LUNA coin prices could face resistance of $45-$50 if they sustain over $40. However, if the trend changes, the LUNA coin price could fall by $30 or $25.
The timeline for the LUNA token shows clearly that its market price is much higher than any of the critical EMAs. Moreover, bullish alignment has seen all EMAs rise higher.
As the slope RSI rises into the overbought territory, the relative strength indicator indicates bullishness.
The ADX indicator predicts a significant uptake in trend momentum.
Conclusion: As bullish sentiment builds, LUNA Token might see a price rise above $40 resistance. Investors may be prudent to place their money at the dip at Support Trendline to avoid false breakouts.
Support – $30 and $25
Resistance – $45 and $50