Terra Price Analysis: LUNA Coin Price Sees Consolidated Dynamics After ATH Test

  • Terra Coin price is currently seeing a downward consolidation momentum and may soon return to the uptrend. It has seen more than 4% increase in the past 24 hours
  • The technical indicators of the LUNA price point to a future price recovery. Meanwhile, the LUNA / BTC pair has also seen a loss of more than 0.2%

Why invest in LUNA Coin?

The LUNA coin price is currently experiencing a downward dynamic, but may soon see an upward reversal in the future. The Terra Coin price has increased more than 4% in the past 24 hours and is trading near the $ 51 value. Terra’s ROI is more than 1235%, something that investors have long benefited from. The upward trend in asset prices may soon see a fresh start.

LUNA takes advantage of the price stability and wide acceptance of fiat currencies with the decentralization of Bitcoin (BTC) and offers its customers and investors fast and affordable payment solutions. The development of the LUNA began a long time ago with its market launch in mainent. The head behind the platform is Daniel Shien, who worked in various fields before joining LUNA. The LUNA / BTC pair is also watching an uptrend and may soon see a big breakout. You can invest in LUNA depending on your needs and price capacity

The dominance of the Terra coin market along with the CMC ranking is experiencing a strong recovery and may soon reach a new high. The volume of the Terra has also seen an increase in the past and may soon reach a new high. Meanwhile, the asset’s volume to market cap ratio suggests a strong uptrend in the future

LUNA Crypto Price Bulls are ready for the next run

Source: trade view

The weekly technical chart of the LUNA coin price indicates a strong uptrend and can see a new high soon. On the daily chart, the asset is ready to see a big breakout to a new high. The uptrend in LUNA coin price may show hostility close to $ 60. The support range of the asset is $ 40. The price of the coin is currently above the 50 and 100 daily moving averages but may soon see a breakout to a new high. The LUNA / BTC pair may hit a new high in the future as well.


The LUNA coin price is currently seeing a downward trend, but may soon hit a new high. LUNA / BTC pair can also test the lower support in the future

Technical levels

Essential support: $ 40

Main Resistance: $ 60

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