Terra price analysis: LUNA Coin 85% profit in one month

  • The price movement of the LUNA coins is in an upward trend of 4.9% during the intraday trading session.
  • The 24-hour trading volume is $ 426 million.
  • The LUNA / BTC pair is trading positive 2.9% at 0.00032027 BTC.

The technical daily chart of the LUNA coin shows an upward trend. According to the pivot levels, the primary support level is $ 9.30. On the other hand, when it rushes up, that is the resistance level to follow $ 15.60. Although the chart forms a bullish engulfing candlestick pattern during the day, it is predicted that the price can stay up with high confidence.

The zig-zag framed a high of $ 22.40 on March 21. After that, investors can see a massive 85% correction down to $ 3.91. Now price levels are back in the $ 14 area this week.

The volume of (3.03M) is below the MA of 20 days (10.27 million). As a result, the volume in LUNA is moderate, which means that the price remains in the resistance zone. Investors may also point out that the volume bars on the chart are bearish, suggesting that notable volatility is expected in the upcoming trading session.

The Schaff trend cycle indicator (bullish) with 100 represents a buy signal in the LUNA coin and projects an upward trend. In addition, investors can see a green buy signal and an upward trend in the index.

Terra (LUNA) Coin Price Action in favor of the bulls

Today’s price of Terra is $ 14.73 and its 24-hour trading volume is $ 426,556,563. The price of the LUNA coin has increased 4.9% in the last 24 hours. The circulation of LUNA coins is 410 million, with a total of 995 million. In addition, the price is hovering around the resistance zone. The STC indicator shows a buy signal and traders have headed the average volume. Technically, the price is showing signs of an upward trend. Therefore, like general market sentiment, the trend remains bullish.

Resistance Level: $ 15.60

Support level: $ 9.30

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