{"id":390266,"date":"2023-04-25T17:34:16","date_gmt":"2023-04-25T17:34:16","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=390266"},"modified":"2023-04-25T17:48:10","modified_gmt":"2023-04-25T17:48:10","slug":"terra-luna-price-prediction-2","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/terra-luna-price-prediction-2","title":{"rendered":"Terra LUNA Price Prediction April 25"},"content":{"rendered":"

LUNA is <\/span>showing signs of a slight recovery<\/span><\/a> today, building on yesterday’s price increase of 2.12%. The asset experienced significant price volatility this month of April 2023.<\/span><\/p>\n

However, the price drop is not unique to LUNA alone as the general crypto market retraces, and the top coins feel the effects.\u00a0<\/span><\/p>\n

LUNA Past And Present Price Trend<\/h2>\n

LUNA began the year <\/span>trading at $1.2813<\/span><\/a> on January 1, 2023, and moved to $1.3203 on January 2. The token’s price surged to $1.5685 by January 9 and hit $2 on January 15 as the bulls rallied.\u00a0<\/span><\/p>\n

LUNA traded within the $2 range with slight fluctuations until February 9, when the bears acted on its price, reducing it to $1.7681.<\/span><\/p>\n

The downtrend extended to March 3, with the token’s price dropping to $1.5701. LUNA retested the $1.2 price level on March 9 before returning to $1.3 on March 12.\u00a0<\/span><\/p>\n

Its price fluctuated continuously until it moved to $1.4 on April 12 as the bulls rallied. However, by April 19, the bears returned to push the asset’s price back to its current price level of $1.2.\u00a0<\/span><\/p>\n

LUNA Price Prediction Based On Technical Indicators<\/h2>\n
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Source: Tradingview<\/figcaption><\/figure>\n

LUNA is in a sideways trend on the daily chart, with its trading volume down by over 31%. The small candles formed in the last three days indicate hesitation among traders leading to a decline in price.<\/span><\/p>\n

LUNA has dropped below its 50-days and 200-day <\/span>Simple Moving Averages (SMA)<\/span><\/a>, a bearish signal in the short and long term. This behavior implies that the downtrend will likely continue for the coming weeks.<\/span><\/p>\n

Also, its <\/span>Relative Strength Index (RSI)<\/span><\/a> is 32.40, dropping to the oversold region of 30. However, if the asset reaches the oversold region, it will likely record some positive price action to reclaim previous price levels.\u00a0<\/span><\/p>\n

LUNA’s <\/span>Moving Average Convergence\/Divergence (MACD)<\/span><\/a> is below its signal line and shows a negative value. The negative values reflect the bearish trend prevalent in the market. Interestingly, the histogram bars are fading, also hinting at the possibility of a reversal.\u00a0<\/span><\/p>\n

Despite the indicators showing the possibility of a bullish reversal, any gains for the asset will be short-lived due to negative investor sentiment. LUNA will likely remain in the $1.1 to $1.2 range in the coming days if the bears persist.\u00a0<\/span><\/p>\n

Experts Short And Long-Term LUNA Price Prediction<\/h2>\n

Crypto experts have complied price predictions for LUNA for the short and long term based on technical and fundamental analysis.\u00a0<\/span><\/p>\n

LUNA Price Prediction By CryptonewZ<\/h3>\n

CryptonewZ<\/span><\/a> tips LUNA to trade at a minimum price of $1.16 and a maximum price of $2.82 in 2023. Also, in 2025 they predict a minimum of $3.05 and a maximum of $4.39. By 2030, the expected minimum price is $10.20, and the maximum is $14.69.<\/span><\/p>\n

LUNA Price Prediction By CoinPedia<\/h3>\n

CoinPedia<\/span><\/a> predicts that LUNA will trade at a minimum of $1.54, an average of $2.59, and a maximum of $3.63 in 2023. In 2025, they predict a minimum of $4.85, a maximum of $6.77, and an average of $5.81.\u00a0<\/span><\/p>\n

By 2030 the minimum expected price is $15.59, the average price is $18.17, and the maximum is $20.76.<\/span><\/p>\n

LUNA Price Prediction By Changelly<\/h3>\n

Changelly<\/span><\/a> predict a minimum of $1.63, an average price of $1.70, and a maximum of $1.89. By 2025, the experts predict a minimum of $3.48, an average of $3.58, and a maximum of $4.12.<\/span><\/p>\n

\u00a0In 2030, the expected minimum is $16.13, an average of $16.58, and a maximum price of $18.48.\u00a0<\/span><\/p>\n

Factors Influencing LUNA\u2019s Price<\/h2>\n

Several factors can influence a crypto asset’s price. These factors act independently or in combination with others. Here are the most relevant factors affecting LUNA’s price.\u00a0<\/span><\/p>\n

Macroeconomic Factors<\/h3>\n

Factors like <\/span>inflation<\/span><\/a>, recession, and global conflict could affect a token’s price negatively or otherwise. For instance, according to <\/span>CNN reports<\/span><\/a>, the recently released U.S. <\/span>Consumer Price Index (CPI)<\/span><\/a> inflation is 5%. It represents a decline from its value of 9% in June 2022, sparking hope for a market revival.<\/span><\/p>\n

Crypto Regulations<\/h3>\n

Cryptocurrencies are still relatively new compared to the traditional finance system. Due to some events, such as the <\/span>Terra LUNA<\/a> crisis of 2022, investors’ and regulators’ trust has weakened significantly.<\/span><\/p>\n

\u00a0Some regions now <\/span>enforce strict laws<\/span><\/a> on crypto-affiliated activities, while others are <\/span>non-crypto-compliant<\/span><\/a>. This can affect a token\u2019s price performance.<\/span><\/p>\n

Laws Of Supply And Demand<\/h3>\n

Excess tokens in circulation could lead to a drop in a token’s value. However, if a crypto token is scarce, the demand will likely increase, boosting its market value.<\/span><\/p>\n

Recent News and Trends In The LUNA Ecosystem<\/h2>\n

Daniel Shin And Nine Others Indicted By South Korean Authorities<\/h2>\n
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South Korea indicted Terraform Labs co-founder Daniel Shin along with nine others on multiple charges including violations of capital markets law https:\/\/t.co\/afjd5JOScT<\/a><\/p>\n

— Bloomberg (@business) April 25, 2023<\/a><\/p><\/blockquote>\n