Terra LUNA Sees Uptrend in Recent Days – Can It Surge Beyond $78?

Terra LUNA Sees Uptrend in Recent Days – Can It Surge Beyond $78?
фото показано с : coinjournal.net

2021-12-19 21:55

LUNA Coin has been showing a very decent uptrend in the last few days on its chart, even though broader sentiment in crypto appears to be waning. Although the coin did pull back from its support level of $54, a mini-rally looks like it could sustain its nearest resistance level, which is around $63. But there are also a few indicators that you should know about:

The trading volume stands at $2.01 billion, more or less the same despite headwinds in the broader market

A steady rally appears feasible from the chart and could charge towards all-time highs of $78

LUNA has also flourished even though most coins have had severe corrections in recent weeks.

Data Source: Tradingview.com 

LUNA Coin – Price Prediction

Several technical indicators may suggest that LUNA is actually on the up. First, the crucial Exponential Moving Averages (20, 50, 100, 200) appear to have a bullish alignment albeit the current price finds support around the 50-day Exponential Moving Average. We also looked at the Relative Strength Index, which currently stands at 56, an indication that a bullish recovery is on the cards. 

Also, despite tumbling earlier, so far, LUNA has rallied 26% to hit $54.4. As long as the coin sustains this momentum, it’s very feasible that it could start testing the overhead resistance of around $77. This could eventually lead to a surge in pricing.

Should You Buy LUNA Coin?

Right now, LUNA appears to be a bit underpriced. Yes, we have seen a lot of coins lose some of the gains made early this year and a larger crypto correction could still continue till year-end. 

So, during such volatility, it can be hard to gauge the real fundamentals of a coin. But based on technical analysis alone, LUNA offers a good opportunity for speculative short-term trading.

The post Terra LUNA Sees Uptrend in Recent Days – Can It Surge Beyond $78? appeared first on Coin Journal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Luna Coin (LUNA) на Currencies.ru

$ 0.0059327 (+16.14%)
Объем 24H $285
Изменеия 24h: 11.57 %, 7d: 6.72 %
Cегодня L: $0.0059327 - H: $0.0059327
Капитализация $10.124k Rank 2215
Доступно / Всего 1.706m LUNA

days uptrend luna coin terra beyond surge

days uptrend → Результатов: 126


Фото:

Bitcoin Price May Consolidate From Here And Resume Powerful Uptrend In Q4, Says Billionaire Mike Novogratz

Bitcoin’s 32% rally over the past month seems to be a bit exhausted. BTC was abruptly rejected after its attempt to conquer the $51,000 zone a few days ago. The rejection from the critical resistance level saw the world’s largest cryptocurrency by market cap pause for thought, initiating what some pundits had predicted would be […]

2021-8-26 00:40


'A higher probability scenario that will lead to success for the Bitcoin uptrend is...'

Just a couple of days back, Bitcoin crawled up to the $40k price level and managed to stir recovery hopes. However, at the time of writing, the world's largest crypto had fallen by 2.3% in 24 hours anThe post 'A higher probability scenario that will lead to success for the Bitcoin uptrend is...' appeared first on AMBCrypto.

2021-6-18 16:00


Фото:

Cardano in a major uptrend as it aims for $1.4: Should you buy ADA now?

Cardano (ADA) was on an upward swing since Friday, with its price gaining over 60% in just five days. What’s the reason behind the current price increase, and should you buy some ADA now? Fundamental analysis: Smart Contract viability increased Cardano’s positive outlook The fifth-largest cryptocurrency by market capitalization managed to post such tremendous gains […] The post Cardano in a major uptrend as it aims for $1.

2021-2-10 22:15


Fractal Suggests Ethereum has Room to Fall Before Bulls Can Spark Next Uptrend

Ethereum has seen some notable momentum in recent days that has allowed its price to set fresh all-time highs Each break above its previous all-time highs around $1,450 has been fleeting, however, which is a grave sign that could mean downside is imminent For now, ETH’s price action remains firmly correlated to that of Bitcoin, with the benchmark cryptocurrency seeing some turbulence that has shaken its market structure One analyst is now pointing to a […]

2021-1-27 23:00


Фото:

This Indicator Suggests Bitcoin is Slowly Reaching Overheated Levels as Rally Slows

Bitcoin and the entire cryptocurrency market have been caught within a firm uptrend as of late, but it has transformed into consolidation throughout the past couple of days BTC and its smaller counterparts are all trading sideways, with bears trying to gain an edge over bulls as they slowly push the cryptocurrency lower Where the market trends in the near-term should depend largely, if not entirely, on whether or not BTC can surmount $40,000 once […]

2021-1-10 22:00


Bitcoin Momentum Likely to Continue as Bulls Shatter Critical Resistance

Bitcoin has seen some massive momentum throughout the past few days, with the cryptocurrency’s price rallying to new highs over $30,000 as its uptrend turns parabolic Where the cryptocurrency trends in the mid-term will undoubtedly depend on whether or not bulls can maintain full control of the crypto’s upswing or if it will post a […]

2021-1-3 00:00


Ethereum’s Technical Outlook Strengthens as Market-Wide Recovery Begins

Ethereum has been closely tracking Bitcoin’s price action throughout the past few days and weeks, which has led it to see some immense turbulence as of late Just two days ago, the benchmark cryptocurrency faced a rejection at its all-time highs that resulted in it reeling from $19,500 to $16,400 This selloff was the most intense one seen since this uptrend first got started a handful of weeks ago Where it trends next will depend […]

2020-11-29 22:00


Фото:

Bitcoin Continues Plowing Higher as Uptrend Shows Few Signs of Slowing

Bitcoin has been pushing higher throughout the past few days and weeks, with sellers being wholly unable to gain any ground against bulls This comes as BTC pushes past $19,000, which has long been a strong resistance level that has sparked multiple fleeting selloffs Now that it is firmly above this level, it may be well-positioned to see significantly further upwards momentum in the near-term One analyst is noting that its failure to break below […]

2020-11-25 02:00


Bitcoin Breaks $19,000: Why Analysts are Concerned of a 30%+ Pullback

Bitcoin and the entire cryptocurrency market have been caught in the throes of an intense uptrend throughout the past few days Bulls have been aggressively propelling the cryptocurrency higher, with BTC now pushing past its key $19,000 resistance level The selling pressure here has proven to be quite intense, making the firm break above this level technically significant If the cryptocurrency can hold above $19,000 for an extended period of time, it could be a […]

2020-11-25 21:00


Фото:

Ethereum Could Target $850 Once It Breaks Key Resistance, Claims Analyst

Ethereum has flashed signs of immense strength despite a fleeting overnight selloff This recent decline came about in tandem with that seen by the rest of the crypto market Bitcoin plunged below $18,000 before posting a “V-shaped” recovery and rallying significantly higher This recovery also helped lead ETH higher, with the cryptocurrency rapidly navigating back up to where it has been trading throughout the past couple of days Its recent strength and unwavering uptrend indicate […]

2020-11-23 01:00


Фото:

Bitcoin Sees 200 Days of Gains; Here’s the Key Level It Must Keep Holding

Bitcoin has been in a macro uptrend for the past 200 days, first beginning when the cryptocurrency plunged to lows of $3,800 in mid-March Ever since, it has been rallying higher, seeing multiple consolidation phases and even a few sharp selloffs Nonetheless, this trend has resulted in it rallying up to its post-2017 highs of $16,400 that were set yesterday evening The crypto is now consolidating just below these highs as bulls aim at leading […]

2020-11-14 02:00


Analysts Expect Bitcoin to See New Highs as Uptrend Continues

Bitcoin has been struggling to gain any strong momentum throughout the past few days and weeks, with buyers and sellers reaching an impasse as the crypto nears $14,000 The selling pressure here has been quite significant and may continue slowing its ascent in the days and weeks ahead That being said, bears have been unable to spark any sustained selloff as of late, which is a positive sign that indicates upside may be imminent One […]

2020-11-5 21:00


Фото:

This Fundamental Indicator Shows Why Bitcoin Can’t Seem to Break $11,000

Bitcoin’s price has entered a consolidation phase as it trades between $10,600 and $10,800 The cryptocurrency’s strong uptrend in recent days stalled as soon as it approached $11,000, as the selling pressure at this level has proven to be quite significant Analysts are now conflicted on where it may trend next, as it all depends on whether $11,000 proves to be a surmountable level One analytics firm is now noting that there is one indicator […]

2020-9-30 02:00


Фото:

Bitcoin Could See an Accelerated Decline to $9,500 if It Breaks One Key Level

Bitcoin’s price has been largely stagnant over the past couple of days, with its recent uptrend stopping short of leading the cryptocurrency up to highs of $11,000 BTC has been able to maintain the bulk of its recent gains despite the selloff seen yesterday afternoon This selloff caused it to wick as low as $10,500 on some exchanges, but the decline was fleeting and followed by a strong rebound Although Bitcoin has been consolidating ever […]

2020-9-30 21:00