Terra Price Analysis: The LUNA crypto price could soon hit a high of $ 50 in the future

  • The Terra crypto price is currently experiencing strong bullish momentum and may soon hit a new high. In contrast, the LUNA price trades with a profit of more than 4%
  • LUNA could soar to the moon in the coming days. Meanwhile, the LUNA / BTC pair has risen more than 3% in the past 24 hours.

Why invest in LUNA Crypto?

The LUNA crypto price is experiencing a strong upward momentum which can act as a powerful catalyst for the price to make a new high. Terra token price has seen more than 4% increase in the intraday session and is trading near the $ 35 value. Terra’s ROI is over 1235%, which is much higher than any of its competitors in the market. The coin’s uptrend has propelled it from $ 6 to $ 36 in just a few months. The gain of Terra has multiplied investors’ fortunes six times over in the past. Terra takes advantage of the price stability and wide acceptance of fiat currencies with the decentralization of Bitcoin (BTC) and offers a fast and affordable money payment system. The development of the LUNA began in 2018 and its maintenance was launched on the market in 2019. The brain behind the project is Daniel Lu, who has worked for various companies. The LUNA / BTC couple may see a big breakout in the future. You can invest in LUNA according to the price development and the risk tolerance of your investment.

Terra Coin has a market dominance of more than 0.28% and is poised to break out of its new high. Meanwhile, the volume to market cap ratio of the coin price suggests strong upward momentum in price

The LUNA crypto price could see a breakout above $ 50 soon

Source: trade view

The weekly technical chart of the LUNA crypto price suggests strong bullish momentum in the price. On the daily chart, asset price will experience strong bullish momentum going forward. The price of LUNA coins can be challenged near the $ 55 value. The support region of the asset can be seen at $ 25. The price of the coin is currently above the 50 and 100 daily moving average, with a positive crossover in the past. The 100MA line is close to $ 18, which makes it a temporary recovery zone for the price. The LUNA / BTC pair has seen a breakout in the past and may see a new high soon.

diploma

The LUNA crypto price is experiencing a strong upward momentum and may soon see a big breakout. The LUNA / BTC pair can see a new high in the future too

Technical levels

Home Grant: $ 35

Main Resistance: $ 65

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