LUNA crypto optimized by 0.74% in market value and plummeted by 7.18% in trading volume in the last 24 hours, as per the CoinMarketCap. Its market value is $453,200,464 and its trading volume is $172,921,122. There are 591,645,926 LUNA in circulation.
The LUNA cryptocurrency has shown significant growth over the past three months, with its price rising by 95.31%. It rose 84.28% last month and 61.63% the previous week. These numbers indicate that the LUNA cryptocurrency is in a strong upward trend and has great momentum.
The LUNA/USD crypto pair has a current market price of $0.000119 with an intraday surge of 2.96%.
The LUNA crypto has formed a flag and pole pattern, which is a bullish sign that indicates a continuation of the upward trend. It seems that the LUNA crypto still has room to rise higher in the near future.
Furthermore, it seems like the crypto is poised for a spectacular uptrend rally. As it prepares to smash the resistance level and soar to new altitudes from the current support level.
Therefore, if buyers sustain the pressure, LUNA price might rise strongly from the current level.
The possible target for LUNA price is $0.000150. On the contrary, if LUNA fails to hold its ground and slips past the $0.000100 level, it may fall further.
The LUNA crypto price is trading higher than the 20-day and 50-day exponential moving averages. These are the measures of the average price of an asset over a certain span of time.
The LUNA price is supported by the EMAs, which are below the price and assisting it to stay above them. Furthermore, the EMAs act as dynamic support and resistance levels for an asset. This shows that both S&R levels can help the price to either bounce back or break through, depending on the direction of the trend.
This indicates that the EMAs are providing good support for the LUNA price, as they are below the price and preventing it from falling further.Hence, the LUNA price trend is positive, or rising.
Therefore, LUNA price prediction shows the overview that the LUNA crypto price has the potential to advance more, if the buyers can maintain their momentum and demand.
The MACD line at 0.00001111 and the signal line at 0.00000690 is above the zero line. This displays that the short-term momentum is stronger than the long-term momentum.
Both lines have been moving above zero line and the histogram width is showing a good activity in price as it is surging as well.
Moreover, these factors show a bullish crossover in the MACD oscillator, which suggests that the price is likely to go up.
Technical Levels
Support Levels: $0.000100
Resistance Levels: $0.000150
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
Source: https://www.thecoinrepublic.com/2023/11/30/terra-luna-2023-2024-can-luna-crypto-price-skyrocket-soon/