NewsletterTerra Coin Price Analysis: LUNA Aims To Sail Beyond the All-Time High of $78
The LUNA coin shows an overall uptrend in its technical chart. The coin has recently provided another pullback opportunity for trades which took its support from the $54 mark. The coin rally is still trying to sustain above the nearest resistance of $63, supporting this emerging rally.
Key technical points:
- The coin price finds support at the 50-day EMA
- The intraday trading volume in the LUNA coin is $2.01 Billion, indicating a 0.13% loss.
Source- chart by Tradingview
The last time when we covered an article on LUNA/USD, the coin price was on the verge of retesting the $54 mark. The price obtained strong support from this level, and by displaying an inside day candle, the coin initiated a recovery phase.
The coin chart shows a steady rally with four consecutive green candles, charging towards the All-time High resistance of around $77. Despite a correction phase among most crypto coins, the coin flourished in those harsh situations.
The crucial EMAs (20, 50, 100, and 200) maintain a bullish alignment while the price finds support near the 50-day EMA. The daily Relative Strength Index (56) showed an impressive recovery similar to the coin’s price action.
LUNA/USD Key Levels In The Daily Chart
Source- SOL/USD chart by Tradingview
As for now, LUNA’s price surged 26% from $54.4 support and managed to reclaim a minor resistance level at $63. The coin is trying to sustain above this level which would help this rally to retest the overheads resistance of $77.
As for the key resistance levels, the coin traders can expect the $77 and $85 to play an important role. In contrast, the support levels are $63 and $53 marks.
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
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Breaking: Czech Central Bank Buys Bitcoin as BTC Gains Ground as a Reserve Asset
- December Rate Cut Odds Fall As Fed Officials Remain Cautious Over Rising Inflation
- Toncoin (TON), Plasma (XPL) Rebound as Coinbase Announces Listing
- Hyperliquid Pool Sees $4.9M Loss Amid POPCAT Whale Market Exploit
- SUI Network Gets Major Boost From $100M Astro Perp DEX Success and Stablecoin Launch
- Is Dogecoin Price Set for a Rally After 4.72 B $DOGE Whale Accumulation?
- XRP Price Shows Early Signs of Recovery Ahead of the First U.S. XRP ETF Debut—Rally Ahead?
- Will XRP, DOGE And ADA Surge After U.S. Government Shutdown Resolution?
- FUNToken is Trending Sideways Ahead of the $5M Giveaway: Is It Accumulating?
- Death Cross Triggers Sell Signals for Cardano Price— Will ADA Retest $0.50?
- Sui Price Set for a $5 After Launch of USDsui Native Stablecoin
