Luna Token Price Prediction After LUNA Surged 20%. How High Can It Go Before 2024?

Updated: 27 November 2023

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Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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The Luna token price has seen 20% gains in the last 24 hours, trading at $0.8543 as of 10:20 a.m. EST, with its trading volume experiencing a 300% surge to reach $711 million.

Luna Token Price: Key Resistance at $0.88

Luna Token Price CHART — LUNASUSD Chart Analysis.Source: Tradingview.com

The LUNA price exhibited a short trade range between $0.38 and $0.56, followed by a correction that brought the price back to $0.38. It then entered a consolidation phase, fluctuating between $0.43 and $0.48 for over two weeks, indicating a lack of significant buyer interest.

In the subsequent period, LUNA witnessed a 60% surge. This upward movement saw a rebound from the $0.43 support level to $0.88, reaching a peak before a correction leading to a decline to the $0.56 support zone.

LUNA price trades above the 50-day and 200-day simple moving averages (SMA). This alignment is a positive signal, reinforcing the bullish outlook and establishing immediate long-term support.

Despite a recent downturn, the Relative Strength Index (RSI) is holding at 69, reflecting a continuation of the overall bullish trend and suggesting sustained momentum and buying pressure, having rebounded from the neutral level of 50.

A breakthrough above the $0.88 resistance level is crucial to solidify the positive momentum. Such a move could reignite momentum, potentially leading to a test of the upper resistance at $0.98. Should the price sustain above this level, it opens the possibility of the bulls aiming for a 10X to $1.30 resistance in the weeks ahead of 2024.

Conversely, a reversal in the market trend, especially if the $0.88 resistance proves formidable for bulls, could result in a loss of momentum. The price might test the $0.72 support level in such a scenario. Further downside pressure, if sustained, could drive the price down to the lower support zone around $0.56.

Luna Token Price: Critical Levels to Watch

Traders and investors should closely monitor the price action around the critical levels of $0.88, $0.98, and $1.30 to gauge the current trend’s strength. Attention should be given to any developments in the RSI, as a sustained move below 50 could signal a potential shift in momentum.

However, the BitcoinMinetrix token (BTCMTX) presents a favorable, lucrative opportunity as an alternative to LUNA through its presale project and stake-to-mine feature.

BTCMTX Secures $4.47 Million, Buy Fast

The BTCMTX presale has entered its 10th stage, having already raised an impressive $4.47 million and edging closer to the $5 million mark. BitcoinMinetrix is a new project that enables people to mine BTC through cloud mining.

Acknowledging the Simplicity of #BitcoinMinetrix 🔄#BTCMTX: Safeguarding assets, empowering users with tradable tokens.

Traditional Cloud Mining: Complicated contracts and conditions. 📜🔒 pic.twitter.com/KuzDYfF7x1

— Bitcoinminetrix (@bitcoinminetrix) November 15, 2023

This represents a strategic opportunity for investors looking to leverage this promising project to capitalize on potential significant returns, especially before the scheduled price increase in the next phase.

In addition to participating in the presale, investors are encouraged to take the chance to engage in the BTCMTX Minedrop Airdrop, providing an avenue for potential financial gains through airdrops and staking. The Minedrop airdrop boasts a total prize pool of $30,000, with participants having the opportunity to win $3,000 each.

Stake-to-Mine For Passive Income

For those interested in generating passive income, staking BTCMTX tokens is a viable option, offering an attractive annual percentage yield (APY) of 133%.

The stake-to-mine program has attracted over 312 million tokens, mining 158.5 blocks per ETH. It’s emphasized that staking now is crucial, as the APY is expected to decrease with increased tokens being staked.

CryptoNews YouTube channel, boasting over 5.3k subscribers, has released a guide on getting BTCMTX tokens and staking for high gains.

To purchase BTCMTX tokens, connect your digital wallet to the BTCMTX website and acquire tokens using ETH, USDT, BNB, or buy directly using your bank card.