NewsletterLuna Price Prediction: Terra (LUNA) To Revisit $97.0 As Bulls Regain Control; Is Time To Buy?
Terra’s (LUNA) price pauses losses on Saturday after testing the highs around $97.0. The formation of a ‘Doji’ candlestick near the lower levels suggest bulls keeping a steady foothold at a critical support level of $80.0
- LUNA price consolidates near the lower with modest gains on Saturday.
- Expect an upswing back to $97.0 as bulls contain reliable support.
- Momentum oscillators echo bullish outlook for the altcoin.
LUNA hovers just below the 0.78% Fibonacci Retracement level. A daily close above $85.0 will push LUNA price back into a higher trajectory with the first upside target at the previous session high of $97.0.
Next, the market participant will keep their eyes on the psychological $100.0 mark.
Technical Indicators:
RSI: The daily Relative Strength Index (RSI) trades at 64 after slipping below the overbought zone. It still reads above the midline with a positive bias.
MACD: The Moving Average Convergence Divergence hovers above the midline suggesting the continuation of the uptrend.
But trading volume is declining since February 4 as prices are moving higher. A spike in sell order could test 0.618% Fibonacci retracement level at $76.76.
Furthermore, a break below the mentioned level would next see test the horizontal support line at $70.0.
In the past month, Terra has outperformed the broader cryptocurrency market with extreme volatility in the market. Terra’s price has surged 93% from the lows of $47 to the swing highs of $91.
LUNA price has pierced above the 50-day Exponential Moving Average (EMA) at $58.29 since February 24.
As of writing, LUNA/USD is trading at $85.75, up2.78% for the day.
- 8 Best Crypto Exchanges in Kenya for Investors and Traders in 2025
- Crypto Exchange HashKey Set to Open Investor Orders for $200M IPO, Eyes December Listing
- Just-In: Elon Musk’s SpaceX Moves Another $100M in Bitcoin, What’s Happening?
- Why is Crypto Market Down Today (Dec 5)?
- US PCE Inflation: Wall Street Estimates, Expert Insights, What Crypto Market Can Expect?
- Ethereum Price Breaks Out of Falling Wedge: Next Target Now Set at $5K
- Is ZCash Price Set for a Bigger Rally After Its 10% Surge on the Bitget Listing?
- Aster Price Outlook as Buyback Wallet Burns 77.86M ASTER Worth $79.81M
- What’s Next for Dogecoin Price After Whales Scoop 480M DOGE?
- Can Solana Price Bounce Back to $200 by End of 2025?
- Cardano Price Prediction Ahead of Midnight Sidechain Launch — Is ADA Headed for $0.85?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
