- LUNA continues its gradual bullish pace in the market
- The current market price of the token is near its monthly-high price mark
- The overall price of the token is 37.3% greater than the last week
LUNA manages to continue its bullish climb consistently while giving great returns to its investors. Since yesterday, the token’s current market price has increased by 5.37%. The current market cap of LUNA has been up by a mere 0.89% during the intraday session, while the 24-hour trading volume enjoyed an ascent of 55.27% during the same session. The volume to market cap ratio stands at 0.1185. The LUNA/ETH pair enjoyed an increment of 4.8%, followed by the LUNA/BTC pair with 4.63% during the intraday session.
The 30-minute chart of LUNA shows the weekly bullish action of the token. LUNA’s climb has shown a periodic climb after a pullback. The first pullback at the bottom of the recent climb shows that it supported LUNA’s price action, and the same may happen again after the pullback made its appearance near the current market price. The token runs right between the significant EMA lines, with the support from 200 EMA and facing a little bit of resistance from the 50 EMA line. The 100 EMA serves as a real-time line of neutrality for the token.
Oscillators support the current action of the token but project price regulation
The 4-hour chart of LUNA shows the current growth over the long term. The token overperformed by 60.61% in the last month. The MACD line of the token is above the zero level and the signal line. However, the MACD line may flatline as the token enters the neutral zone after returning from the overbought zone. The RSI level valuating 63.65 resides in the neutral zone, but the graph indicates that the token came back from the overbought zone. Therefore, investors may consider waiting for a correction before investing.
The resistance is at $81.93. The support levels are present at $60.61.
Conclusion- LUNA may continue to climb for another daily interval before attaining neutrality. The price action may change to neutral after the token may enter a stagnant zone. However, the bullish action of LUNA makes it a good choice for a long-term investment.
Resistance- $81.93
Support- $60.61
DISCLAIMER: The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.