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LUNA Price Prediction: LUNA Increases by 2.45% in Consolidation. Can LUNA Break Above the Resistance

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In the last 24 hours, Terra (LUNA) has recorded a trading volume of $23,914,354, a 27.80% decrease from the previous day, indicating a recent decline in market activity. 

Terra (LUNA) is trading at $1.29, representing a 2.45% increase in the past 24 hours and a 0.17% increase in the past 7 days. 

The coin’s all-time high price of $18.87 was recorded on May 28, 2022 (10 months ago), and the current price is 93.16% lower than this peak. On the other hand, the all-time low price of Terra (LUNA) is $1.19, recorded on December 16, 2022, which was 4 months ago, and the current price is 8.08% higher than this lowest point. 

Terra (LUNA) is ranked 136 on CoinGecko. The coin has underperformed the global cryptocurrency market in the past 7 days, with a price increase of only 0.30% compared to the market’s 2.00% growth.

LUNA Technical Price Analysis: Price Prediction


LUNA/USD Chart Analysis. Source. Trading


The price of LUNA is still in a consolidation state after a dip retracement since the beginning of March 2023. Currently, LUNA is on an upward move after forming a bearish pin bar, which indicates a change of trend to a buy trend. The bearish pin bar also suggests a double bottom pattern, which shows that bulls are on the move.

The 50-day and 200-day moving averages are still trading above the LUNA price, which suggests that the bulls must be aggressive enough to ensure that the price breaks above the 200-day moving average. If the price breaks above the 200-day moving average, bullish confirmation should be established.

LUNA Price Prediction

According to the technical analysis above, if the bullish confirmation occurs, we expect the price of LUNA to rally to $1.42. If the bulls fail to move, LUNA’s price could drop down to $1.19, which is also LUNA’s all-time low. 


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