Claim CardTerra Price Prediction: LUNA Price Hit All Time Highs At $107.37, Is $110.0 On The Way?
LUNA price takes the crypto market by storm while smashing the record highs above $107.0. The price opened lower but quickly recovered all the way to make fresh yearly highs making bulls cheerful.
- LUNA price outperforms the crypto space with more than 10% gains.
- Next, bulls keep their eyes on $110.0 amid strong buying momentum.
- The strong green candlesticks hint at more buying opportunities for investors.
LUNA price remains unstoppable
On the daily chart, the LUNA price smashed all the previous records and hits the season’s new high above $107.0. The price trades in an ascending channel from the lows of $49.0. It is a crucial level as combines multiple technical setups. First, there is a double-bottom formation near the mentioned level. Second, it holds around the crucial 200-EMA (Exponential Moving Average)
LUNA price peaked at fresh yearly highs twice in a single month. Earlier tested $104.73 on March 10.
A daily close above the session’s high level will instill further convictions among investors to push the price into a higher trajectory. Market participants will pull up their sleeves to capture another milestone at $110.0.
On the flip side, a spike in sell order could push downward on account of profit booking as the price surged nearly 150% from the lows of $43.0. On moving downward, the first target could be located at the ascending trend line near $98.0. Further, a break below the psychological $90.0 could trigger a fresh round of selling in the asset.
As of press time, LUNA/USD is trading at $106.32, up 9.21% for the day. The trading volume of the eighth-largest cryptocurrency is holding at $4,146,503,797 with more than 136% gains.
A strong buying momentum with record volumes shows the strength in the price action.
Technical indicators:
RSI: The Daily Relative Strength Index stands strong at 66. The indicator is still far from the overbought zone.
MACD: The Moving Average Convergence Divergence shows bullish momentum while it already trades above the mid-line.
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.
Related Articles
- Expert Predicts Deeper Bitcoin Decline as JPMorgan CEO Warns of Similarities to the 2008 Financial Crisis
- Trump Won’t Pardon FTX’s Sam Bankman-Fried (SBF), White House Says
- Third Spot SUI ETF Goes Live as 21Shares Fund Launches on Nasdaq
- Mark Zuckerberg’s Meta Reportedly Eyes Stablecoin Integration This Year Amid Regulatory Clarity
- Coinbase Rivals Robinhood As It Rolls Out Stocks, ETFs Trading In ‘Everything Exchange’ Push
- Cardano Price Signals Rebound as Whales Accumulate 819M ADA
- Sui Price Eyes Recovery as Third Spot SUI ETF Debuts on Nasdaq
- Pi Network Price Eyes a 30% Jump as Migrations Jumps to 16M
- Will Ethereum Price Dip to $1,500 as Vitalik Buterin Continues Selling ETH?
- XRP Price Outlook as Clarity Act Passage Odds Plunge to 53%
- COIN Stock Risks Crashing to $100 as Odds of US Striking Iran Jump
