Terra price analysis: LUNA/USD bearish for the next 24 hours

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TL;DR Breakdown

  • The Terra price analysis is strongly bullish.
  • Resistance for LUNA is present at $99.7.
  • Strong support for LUNA is present at $92.2.

The recent Terra price analysis suggests a positive trend for the day, with good potential for further gains in price. Traders will be anticipating new finds from LUNA as the price has reached current higher levels. Although the value of LUNA/USD dropped somewhat below previous highs up until 7th March, today’s market momentum is on the side of bulls.

The Terra price analysis is bullish. Resistance for LUNA is present at $99.7. Strong support for LUNA is present at $92.2. The recent Terra price analysis suggests a positive trend for the day, with good potential for further gains in price. Traders will be anticipating new finds from LUNA as the price has reached current higher levels. Although the value of LUNA/USD dropped somewhat below previous highs up until 7th March, today’s market momentum is on the side of bulls.

The Terra price analysis is bullish. Resistance for LUNA is present at $99.7. Strong support for LUNA is present at $92.2. The recent Terra price analysis suggests a positive trend for the day, with good potential for further gains in price. Traders will be anticipating new finds from LUNA as the price has reached current higher levels.

LUNA/USD 1-day price chart: Bulls aim for ATH

The one-day price chart for LUNA/USD is bullish and indicates that the bulls are aiming for new all-time highs. The RSI on the one-day chart is above 50, indicating that there is still some buying momentum in the market. The MACD is also bullish and has been pointing upwards since early February.

Resistance for LUNA is present at $99.7. Strong support for LUNA is present at $92.2. The recent Terra price analysis suggests a positive trend for the day, with good potential for further gains in price. Traders will be anticipating new finds from LUNA as the price has reached current higher levels. Although the value of LUNA/USD dropped somewhat below previous highs up until 7th March, today’s market momentum is on the side of bulls.

Terra price analysis: LUNA shows bullish strength as price spikes to $96.77. Is ATH next? 1LUNA/USD 1-day price chart. Source: TradingView

The volatility for LUNA has been decreasing as the price has increased. The daily trading volume for LUNA/USD is around $5 million, which is relatively low when compared to other cryptocurrencies. This could suggest that there is still some room for the price to increase.

The one-day price chart for LUNA/USD is bullish and indicates that the bulls are aiming for new all-time highs. The RSI on the one-day chart is above 50, indicating that there is still some buying momentum in the market. The MACD is also bullish and has been pointing upwards since early February.

Terra price analysis: Recent developments and further technical indications

The four-hour Terra price analysis is bullish and indicates that the bulls are in control of the market. The price is currently trading above the 50 and 200 Moving Averages, which are both bullish indicators. The RSI on the four-hour chart is also above 50, indicating that there is still some buying momentum in the market.

Terra price analysis: LUNA shows bullish strength as price spikes to $96.77. Is ATH next? 2LUNA/USD 4-hours price chart. Source: TradingView

A breakout above the previous high of $101.7 could see the price increase to the next resistance level at $109.8. The support level for LUNA is currently at $97.1, which could be tested if the bulls lose momentum.

The recent Terra price analysis suggests a positive trend for the day, with good potential for further gains in price. Traders will be anticipating new finds from LUNA as the price has reached current higher levels. Although the value of LUNA/USD dropped somewhat below previous highs up until 7th March, today’s market momentum is on the side of

Terra price analysis conclusion

The daily and the hourly Terra price analysis confirms a sharp recovery in the coin value today. This is quite encouraging news for the buyers, as the price underwent a substantial decline in the past few days. The bulls have taken the price up to $96.9 high after making a return in the last 48-hours. The hourly price chart is showing promising results as well as a strong bullish trend has been observed. Traders can expect a record high price of LUNA after it continues further upside later today.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.