• Terra Price Analysis: The bullish trend in the LUNA/USD currency pair continues today

  • Today’s Terra price analysis is positive, as we anticipate additional increases after yesterday’s high of $62 was breached. As long as the momentum is strong, we expect LUNA/USD will reach $66.

    The MACD line has crossed over the red signal line, indicating that bullish momentum is gathering traction. Today’s Terra price analysis is worth more than yesterday’s low, indicating that traders are becoming more optimistic.

    Terra Price Analysis The previous day’s high for Terra price analysis was $62, but when an early resistance at $60 could not be broken, the market entered a period of consolidation. Volume was high at the moment, and the market is presently experiencing a big reversal.

    In summary, Terra price analysis is positive today, with further increases expected after yesterday’s high of $62 was breached. As long as the momentum is strong, the next objective for LUNA/USD appears to reach $66.

    Terra is currently trading at $62 and is on a strong bullish trend. The MACD line has crossed over the red signal line, indicating that bullish momentum is gathering traction. The current value of Terra pricing analysis

    All of this leads us to anticipate that the prices of Terra and LUNA will continue to rise today. The next resistance level for LUNA/USD is $66, which we believe will be the coin’s next goal.

    Terra price research revealed that the coin was bullish yesterday, as it climbed to a high of $62. Today’s market momentum remains strong, as the MACD line has passed over the red signal line, indicating that the positive trend will continue. The Relative Strength Index is higher than 50, indicating that the market is in a bull market.

    LUNA/USD 4-hour chart: Is LUNA about to break $66?

    On the 4-hour time frame, we can see that the Terra price is steadily rising today, implying that a breakout above $66 is probable in the near future.

    Terra’s pricing has been decreasing for the past week. Following the market’s top of $79 on December 4, further attempts to increase were stymied.

    After many days of decline, the market structure came crumbling down on December 10 when a probable lower low was set at $53. Since then, LUNA/USD has reached a new low top of $60.

    However, following the reversal of yesterday’s downward trend, LUNA/USD climbed above $54, surpassing the previous high. More gains were recorded throughout the night, leading us to our current bid level of $66.

    Conclusion to the Terra Price Analysis

    Yesterday, the $62 support was smashed, and the price has continued to increase today. As a result, LUNA/USD is projected to rise even further in the next 24 hours, with $66 acting as the nearest resistance.

    What's your reaction?
    Happy0
    Lol0
    Wow0
    Wtf0
    Sad0
    Angry0
    Rip0