The post Terra Tokens Display Bullish Sentiment! LUNA Price To Test $2 Soon? appeared first on Coinpedia Fintech News
After displaying a bearish trend for a brief period, the Terra tokens regained momentum and have recorded a significant uptrend over the past week. Further, the LUNA price has added over 22% within 24 hours and approximately 50% over the past seven days, indicating a rise in bullish influence.
The Terra LUNA price traded in a closed range between $0.635 and $0.777 for over a week, after which it recorded a jump of 24.80. However, the rally was short-lived as the price faced rejection at $0.8830, following which it displayed a neutral trend for a while.
After this, the bulls jumped 72.59% within hours before facing rejection at $1.4030. After this, the market experienced a trend reversal, and the Terra token recorded a correction of 25.83%. Following this, the LUNA price traded sideways for nine days.
As the market volatility grew, the LUNA token lost momentum and lost approximately 25% over the next five days. After testing its low of $0.7770, the bulls have been displaying a positive trend, and since then, the price has added over 70% in valuation.
The Relative Strength Index (RSI) surpassed the overbought range, highlighting an ongoing massive buying pressure in the crypto market. Further, the averages show a bullish rise, suggesting a positive price action for the Terra token this week.
If the market continues to gain momentum, it will prepare to test its upper resistance level of $1.55 soon. Moreover, if the market sentiments favor the bulls, the LUNA price will test its upper level of $1.7 in the coming time.
On the other hand, if the bears overpowered the bulls, the LUNA 2.0 will lose momentum and fall to test its support level of $1.214. Moreover, if the bears continue to hold power over the bulls, it will further plunge and fall to test its lower support level of $1.040 during the upcoming weeks.
The post Terra Tokens Display Bullish Sentiment! LUNA Price To Test $2 Soon? appeared first on Coinpedia Fintech News
After displaying a bearish trend for a brief period, the Terra tokens regained momentum and have recorded a significant uptrend over the past week. Further, the LUNA price has added over 22% within 24 hours and approximately 50% over the past seven days, indicating a rise in bullish influence.
The Terra LUNA price traded in a closed range between $0.635 and $0.777 for over a week, after which it recorded a jump of 24.80. However, the rally was short-lived as the price faced rejection at $0.8830, following which it displayed a neutral trend for a while.
After this, the bulls jumped 72.59% within hours before facing rejection at $1.4030. After this, the market experienced a trend reversal, and the Terra token recorded a correction of 25.83%. Following this, the LUNA price traded sideways for nine days.
As the market volatility grew, the LUNA token lost momentum and lost approximately 25% over the next five days. After testing its low of $0.7770, the bulls have been displaying a positive trend, and since then, the price has added over 70% in valuation.
The Relative Strength Index (RSI) surpassed the overbought range, highlighting an ongoing massive buying pressure in the crypto market. Further, the averages show a bullish rise, suggesting a positive price action for the Terra token this week.
If the market continues to gain momentum, it will prepare to test its upper resistance level of $1.55 soon. Moreover, if the market sentiments favor the bulls, the LUNA price will test its upper level of $1.7 in the coming time.
On the other hand, if the bears overpowered the bulls, the LUNA 2.0 will lose momentum and fall to test its support level of $1.214. Moreover, if the bears continue to hold power over the bulls, it will further plunge and fall to test its lower support level of $1.040 during the upcoming weeks.