When the crypto market began to recover, many altcoins saw price increases of up to 10%. LUNA, in particular, managed to increase by more than 15%. The Terra Price Prediction 2022 is seen jumped from a strong support area of around $50 all the way to the current price of $73.10.
Let’s Examine the Terra’s Technical Movement:
Terra Price Prediction 2022
This strong backing has proven to be significant. We can see how many times prices tested this area in figure 1 as a resistance first, then as a support later. That is why technical traders predicted this upward trend.
Prices were expected to reach the psychological price of $60 after the LUNA price reached a strong support level of $50. As part of the crypto comeback, LUNA prices rose further, approaching the next resistance level of $70. Below, we clearly highlight the key price areas of LUNA, all of which represent psychological prices: $75, $83 & $90.
LUNA’s next move could be a minor price adjustment. It is best to wait for the price to fall below $60 before entering a trade setup:
If the crypto market continues to rise, a $70 buy order can be placed.
If the cryptocurrency market falls below $50, a short sell can be placed.
The crucial EMAs are reclaimed by LUNA buyers (20, 50, 100, and 200). The LUNA’s intraday trading volume is $2.4 billion, representing a 23.6% increase.
Buy Terra in India At The Best Price
Stay Tuned and Subscribe, for Terra Price Prediction 2022 Daily Updates.
