TA: Terra (LUNA) Surges, Is It Eyeing A Correction Now?
2022年3月31日 - 10:00AM
NEWSBTC
Terra (LUNA) has secured an all-time high at $109 amidst its newest
developments. Market sentiments also continue to remain positive in
the past 24 hours, with Bitcoin trading close to $48k. LUNA happens
to be one of Terra’s native tokens, Terra network helps create
customised blockchains and decentralised applications on its
network. Recently, Luna Foundation Group (LFG), a Singapore based
non-profit organisation has purchased $3 Billion worth of Bitcoin
which would act as an additional layer of security to Terra’s
decentralised stablecoin, UST. Over the past week itself, Terra
(LUNA) secured a hike of 12%, and over the last 24 hours, the coin
broke past its resistance mark of $108. Terra Price Analysis: Four
Hour Chart Terra (LUNA) was exchanging hands at $108.47 after
securing an all-time high at $109 just 24 hours back. Immediate
resistance for the coin stood at $110 and then at $112,
respectively. In case of a pullback, the prices could fall to trade
near $103, $100 and then at $95, respectively. Over the past month,
the altcoin has given an 18% ROI. The trading volume of Terra
(LUNA) was seen growing over the past trading sessions, its
previous session was seen closing in green which signified bullish
momentum in the market. It also signals that buyers exceeded
sellers at the time of writing. Related Reading | Time To Be
Fearful? Bitcoin Index Reaches Greediest Point Since Peak Technical
Analysis LUNA has witnessed exponential growth over the past month
and technicals continue to point towards bullishness in the market.
It is not safe to say if, over the immediate trading sessions, LUNA
would witness a correction. As the coin reached an all-time high,
it displayed overbought tendencies as seen on the Relative Strength
Index. At the time of writing, RSI came back from the 75-mark but
was still hovering near the overvalued and overbought territory.
This signalled a slight fall in buying pressure over the last few
trading sessions, if the coin continues to witness the same kind of
buying strength, it could again attempt to trade near the $109 and
then $110 price mark. Chaikin Money Flow was also in accordance
with the Relative Strength Index as capital inflows were quite
high. An excess amount of capital inflows reflected bullishness in
the charts. LUNA had been on a rise over the past week and a half
and the price momentum continued to side with the bulls. On the
MACD, which signifies the current price momentum LUNA underwent a
bullish crossover in the last trading sessions. MACD also resonated
with the other major indicators and continued to flash bullishness.
After the bullish divergence, MACD had continued to display green
histograms, however, at press time these green histograms were seen
declining. It is however too early to say if LUNA would display a
fall in prices going by MACD’s reading. Related Reading | Why
VeChain May Run Out Of Fuel After 90% Rally
Terra (COIN:LUNAUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Terra (COIN:LUNAUSD)
過去 株価チャート
から 4 2023 まで 4 2024