- LUNA has broken the ceiling of the short-term downtrend, indicating initially a slower downward pace. The currency is approaching the support level at 0.43.
- RSI stands above 70 after a significant price increase in recent weeks. The currency displays strong positive momentum, signaling further increases.
- Today’s Terra price is $0.5419 USD, with a 24-hour trading volume of $129,743,590 USD. Terra has experienced a 30% increase in the last 24 hours.
Terra (LUNA) price has seen a 30% increase in the last 24 hours: Can LUNA price rise further? Key price levels to watch!
Short-Term LUNA Analysis
LUNA has broken the ceiling of the short-term downtrend, indicating initially a slower downward pace. The currency is approaching the support level at 0.43, which could result in a positive response. However, a drop below 0.43 would be a negative signal. Volume peaks and volume troughs align well with price peaks and troughs. The volume balance is also positive, strengthening the currency.
RSI stands above 70 after a significant price increase in recent weeks. The currency displays strong positive momentum, signaling further increases. However, particularly for major assets, a high RSI can indicate overbought conditions and the possibility of a downward reaction. The RSI curve shows an upward trend, which could be an early signal of a rising trend for the price. In short, the currency is technically viewed as slightly positive in the short term.
Medium-Term LUNA Analysis
LUNA has broken the ceiling of the medium to long-term downtrend, indicating initially a slower downward pace. The currency has broken a resistance level that initially signals a positive response within a short-term trading range. The currency is between the support at 0.40 and the resistance at 0.58. A clear break of either of these levels would indicate a new direction. Volume peaks and volume troughs align well with price peaks and troughs.
The volume balance is also positive, strengthening the currency. The RSI curve shows an upward trend, which could be an early signal of a rising trend for the price. The currency is technically viewed as slightly positive in the medium term.
Terra (LUNA) Price
Today’s Terra price is $0.5419 USD, with a 24-hour trading volume of $129,743,590 USD. Terra has experienced a 30% increase in the last 24 hours. It currently ranks 132nd on CoinMarketCap, with a live market cap of $192,649,225 USD. There are 385,717,212 LUNA coins in circulation, and there is no maximum supply.
Summary
The LUNA analysis evaluates the short and medium-term outlooks. Short-term analysis suggests the currency is technically viewed as slightly positive. Medium-term analysis similarly presents a slightly positive outlook. These analyses can assist LUNA investors in understanding potential future price movements.
