LUNA Price Prediction: How Far Will The Rally Go?

LUNA is gaining slightly today, overcoming the bearish pressure in March 2023. Notably, the arrest of co-founder Do Kwon and subsequent investigations played a huge part in triggering the negative price movement. 

However, the token still enjoys some investor attention, evident from its $115.8 million trading volume in the last 24 hours.

Terra LUNA Past And Present Trend

LUNA recorded massive price volatility in the first few months of 2023. It traded at $1.28 on January 1, 2023, and $2.07 on January 15. 

The token maintained the $2 price for most of this period until February 10, when the bears returned it to $1.78. LUNA traded between $1.8 and $1.7 till it declined further to $1.5 on March 3. 

March 10 saw the asset return to the $1.2 price level, similar to its price at the start of the year. However, it recorded a steady price increase in April, returning to $1.4 on April 12. Today April 14, LUNA price stands at $1.42 as of the time of writing. 

LUNA Price Prediction Based On Technical Indicators

LUNA has posted its fourth consecutive green candle on the daily price chart. This indicates that the bulls are in control of the market. It has moved into the upper region of the Donchian channel, which signals a potential rally ahead for the asset.

Also, the Relative Strength Index (RSI) is 52.02 in the neutral zone. Moreover, the indicator is rising, hinting at a possible uptrend for the asset.

However, LUNA is still trading below its 50-day and 200-day Simple Moving Averages (SMA), a bearish sentiment in the short and long term. The SMA’s are also moving downwards, hinting at a further decline.

LUNA price may increase to the $1.44 level in the coming days. However, a further price decline is also possible if the bears prevail. 

Expert Long And Short Term LUNA Price Prediction

Experts have compiled short and long-term price predictions for LUNA based on sound technical and fundamental analysis.

LUNA Price Prediction By Changelly

Changelly predict LUNA will trade at a minimum of $1.81, an average of $1.88, and a maximum of $2.08 in 2023. In 2025, they predict a minimum price of $3.93, an average of $4.04, and a maximum price of $4.65. 

By 2030, they believe LUNA will trade at a minimum of $31.24, an average price of $32.11, and a maximum of $37.54.

LUNA Price Prediction By Coinpedia

Coinpedia, in 2023, predicts that LUNA will trade at a minimum of $1.54, an average price of $2.59, and a maximum of $3.63. In 2025, they believe the price will increase, trading at a minimum of $4.85, an average price of $5.81, and a maximum of $6.77.

 Also, in 2030 the expected minimum is $15.59, an average of $18.17, and a maximum of $20.76.

LUNA Price Prediction By Priceprediction.net

Priceprediction.net tips LUNA to trade at a minimum of $1.81, an average of $1.88, and a maximum of $2.08 in 2023. Also, in 2025, they believe that LUNA will hit a minimum of $3.93, an average price of $4.04, and a maximum of $4.65. 

In 2030, the projected minimum is $22.03, an average price of $22.85, and a maximum of $27.09.

Factors That May Influence LUNA’s Price 

Several factors can influence LUNA’s price over time. Events in its ecosystem or macroeconomic events are some of these influential factors.

Investor sentiment

Investors are critical to the success of any crypto project. The more investors partake in a project, the greater its chances of success and a significant price increase. However, if the investors express fears and uncertainty, it could hurt the price performance of a token.

Laws Of Supply and Demand

The laws of supply and demand play out in every market scenario. If the number of buyers exceeds the number of sellers, the demand for the asset will increase, driving the asset’s price up and vice-versa. This is one of the reasons most cryptocurrencies cap their supply to create scarcity.

Macroeconomic events

Events on a global scale, such as recession, inflation, and wars, could affect a token’s price behavior. Higher inflation rates and low stock prices tend to affect cryptocurrency prices. 

Bitcoin, for instance, is partially correlated to the popular S&P 500 and mirrors its price behavior often. Also, wars and natural disasters could disrupt mining activities in the affected locations.

Crypto Regulations and laws

Some regions are crypto-compliant, while others view digital assets suspiciously. Harsh laws could discourage potential investors and reduce mass adoption of a project leading to a price decrease. 

Recent Trends On Terra LUNA Ecosystem

Terra Alliance Models Innovation

Alliance represents an open-source Cosmos SDK module using inter-chain staking to promote economic alliance among blockchains. It diversifies and augments staking yield and provides liquidity for developers and users. This innovation may likely increase user interest in the Terra ecosystem and boost LUNA’s price. 

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