- Terra Luna, over the monthly chart, is trading on the bullish note, making higher highs and lower lows.
- The crypto asset also creates divergence with a positive rally with technical parameters, while volume activity is slightly lower.
- The pair of LUNA/BTC is trading at 0.0008443 BTC with a minor 24-hour loss of -0.85%, and the ratio of LUNA/ETH is CMP at 0.01223 ETH with an intraday drop of -0.14%.
Terra luna price over the monthly chart is riding the bullish momentum and currently placed above major vital moving averages. Moreover, the volume activity is also lower and needs to grow strongly for a sustainable rally. The technical parameters are, however, creating divergence with the rising bullish rally. The crypto asset is placed above its major moving averages of 50, 100, and 200-day lines while struggling near its SMA of the 20-Day line.
Volume is another factor to watch, which needs to improve with price action. The overall long to medium-term trend favors bulls until the crypto asset is sustaining above its necessary moving averages. Support on the lower side is $30.00 and $25.90, whereas resistance on the higher side is $41.00 and $44.60.
Terra luna is trading sideways under the range, while the volume is also lower
Terra luna is trading sideways under the range on the weekly chart, while the volume is also lower. Meanwhile, the technical parameters are trying to turn positive after consolidation over the 4-hour time frame. Volume needs to grow over in upcoming sessions, as recorded near its average line for the strong pullback. LUNA token is trading at $35.70 with a minor intraday growth of +0.39%, and the volume to market cap ratio is at 0.08523
Relative Strength Index (BULLISH): Terra luna RSI is trading undergrowth after a correction from higher levels. The coin is currently heading towards the bullish zone with a gradual recovery and CMP at 49.
Moving Average Convergence Divergence (MIXED): The daily chart indicates a bearish or negative trend at the 4-hour time frame. At the same time, the buyer’s signal line (green) is heading towards the seller’s line (red) for a positive crossover.
Support levels: $30.00 and $25.90
Resistance levels: $41.00 and $44.60.