Luna Price Prediction: Correction Beckons as LUNA Enters Key Resistance Area
Is a LUNA price correction on the horizon? After an impressive rally, LUNA approached a critical resistance level, leading many to wonder if the bullish momentum can continue. Recent price action suggests a potential pullback.
Key Points Signaling a Possible LUNA Correction
- Key Points: The LUNA chart shows a higher price rejection candle at $93 flipped resistance, suggesting sellers are stepping in.
- Negative Divergence: The daily RSI chart shows negative divergence, indicating weakening bullish momentum.
- Intraday Trading: Hace 4 días Read the latest Terra (LUNA) price forecast to know what the future holds for the coin.
Currently, LUNA is facing strong resistance after a significant price increase. Previously, LUNA managed to set a new all-time high at $119.55 (Binance). The price is now found in a correction after bears took over the market yesterday.
Near-Term LUNA Price Prediction: A Range-Bound Battle?
What’s the Near-Term Price Prediction for Terra (LUNA)? In the short term, Terra’s price appears range-bound between $0.20 and $0.30 . If the MACD crossover holds, we could see continued consolidation. However, a break below support could trigger a more substantial correction.
LUNA’s Volatile History: From Highs to Lows
LUNA’s price history has been marked by dramatic swings. After hitting the bottom support level at $1.26, the bulls took over and pushed the price to the previous resistance level of $2.5. However, the price trading below the key moving averages suggests caution. A newer low at $43.4 prompted a relief rally for LUNA soon after the Wonderland fiasco soured market sentiment. However, the rally was ultimately met with resistance.
Long-Term LUNA Price Predictions: 2025 and Beyond
LUNA price prediction for 2025, 2025, 2025 and beyond remains speculative. The LUNA price prediction focuses exclusively on Terra 2.0, a new ecosystem distinct from the collapsed Terra Classic and its infamous algorithmic stablecoin. Future price performance will depend on the success of Terra 2.0 and broader market sentiment.