Luna Price Prediction: Double Bottom At $75.0, Buy Or Hold?

Published by
Luna Price Prediction: Double Bottom At $75.0, Buy Or Hold?

Luna’s price trades higher on Tuesday with remarkable gains. Terra (LUNA) lead gains among major cryptocurrencies in a broader market recovery. After riding nearly 100% in eight days, hitting the swing highs at $97.26 price retrace toward $75.0

  • Luna bucks the previous session’s decline with significant gains on Tuesday.
  • Expect more gains as the price reclaims the critical $80.0 level.
  • LUNA retreated 22% from the March 2 high find support around $75.0.

At the time of writing, LUNA/USD is trading at $81.20, up 3.46% for the day. The seventh-largest cryptocurrency holds 24-hour trading volume $3,019,279,676 with marginal 1.39% gains.

Advertisement

LUNA founds reliable support

Source: Trading View

On the daily chart, Luna’s price is looking for an upside momentum as the current price action is stable near the multiple support around $75.0.

A continued buying pressure would bring the first upside target of $90.0 in play.

Next, market participants make an attempt to take out the December 27 high of $103.62.

Alternatively, a daily close below $75.0 will trigger a fresh round of selling in the asset. The immediate downside target is placed at the lows of March 1 at $70.47.

Further, moving down sellers would collect the liquidity at the 50-day EMA (Exponential Moving Average) at $68.61.

LUNA price is under consistent selling pressure after testing record highs at $103.62. The downside momentum found support at January lows of $43.46. LUNA appreciated more than 100% making swing highs at $97.26.

Technical indicators:

RSI: The daily Relative Strength Index reads at 57 below the average line with a bullish bias.

MACD: The Moving Average Convergence Divergence hovers above the midline with receding bullish momentum.

 

Advertisement

Share
Rekha chauhan

Rekha has started as Forex market analyst. Analyzing fundamental news and its impact on the market movement. Later on, develop an interest in the fascinating world of cryptocurrency. Tracking the market using technical aspects.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and 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.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • Price Analysis

HBAR Price Targets 50% Jump as Hedera Unleashes Massive Staking Move

HBAR price rose by 2.4% today, Oct. 24, mirroring the performance of the crypto market…

October 24, 2025
  • Price Analysis

Chainlink Price Outlook: Analyst Predicts $100 as Reserve Adds 63K LINK

The Chainlink price has maintained steady traction near $17.6, with on-chain accumulation strengthening investor confidence.…

October 24, 2025
  • Price Analysis

SUI Price Prediction as TVL and Monthly DEX Volume Hit All-Time Highs- What’s Next?

The Sui price has recently drawn investor interest after rebounding from a key demand zone,…

October 24, 2025
  • Price Analysis

PUMP Price Prediction as Whales Accumulate 4.2B Tokens- Is 135% Rally Next?

The PUMP price has regained market attention following renewed whale activity and a confirmed breakout…

October 24, 2025
  • Price Analysis

Dogecoin Price Crash Looms as Flag, Death Cross, Falling DOGE ETF Inflows Coincide

Dogecoin price has crashed in the past few weeks as it moved into a bear…

October 23, 2025
  • Price Analysis

Solana Price Prediction as Osprey’s S-1 Filing and Hong Kong’s ETF Launch Fuel Reversal Hopes- Is $250 Next?

The Solana price has regained stability above $180 after several volatile weeks. SOL price continues…

October 23, 2025