LUNA price analysis: SMA-20 is above SMA-50 and 200, bulls win

  • LUNA token has a 24-hour trading volume of 515,486,222 and a massive gain of 111.47% was recorded.
  • The LUNA token featured a pattern of three black crows and a devouring bearish pattern was also seen.
  • The RSI oscillator indicates the action of BUY.

Source: trade view

The LUNA token is well above its 200-day moving average and also above its 50-day moving average. The token was well below its SMA-200 and intact movement of SMA-50 was observed in June. From July 6th, the token shows the retracement and the token has moved upwards. So the trading volume of the coin has increased. The graphic above shows the movement of the token in relation to SMA-20, SMA-50 and SMA-200.

There is also an RSI oscillator. The RSI oscillator for the last 5 hours shows the value of 44.911 and marks the sell action. MA-5, MA-10 show the buy action, while MA-20 shows the same sell action. The bull / bear power has the value -0.0007 and shows the sell action, while the high / low for the token has the value -0.0001 and shows the same sell action.

The TERRA-BTC pair is at the 0.0002361 level and a 7.11% increase has been observed while the TERRA-ETH pair is at the 0.003752 level and the 9.95% increase in recorded over the past 24 hours.

Volume / market capitalization of the token is 0.1531 and its market dominance is 0.24%. The LUNA token has shown a percentage increase of 9.81% since it opened yesterday.

Conclusion: The daily range for the token is between 6.8800 and 8.6000 and currently runs at 8.0390. The trend line marked in the chart shows the movement of the LUNA token upwards and shows the profit of the bulls. On average, the token has produced a return of almost 8-10%. The token’s 24-hour high and low are 8.57-6.90, respectively. The coin is gaining power in today’s scenario and is expected to gain strength in the period to come.

Technical instruments:

Pivot point: 8.0400

R-1: 8.1546

R-2: 8.2254

S-1: 7.9254

S-2: 7.8546

(Note – the unit is USD)

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