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LUNA Price Prediction: Keep Eyes On Record Highs Near $104.0; Are You Buying Now?

LUNA Price Prediction: Keep Eyes On Record Highs Near $104.0; Are You Buying Now?

LUNA value opens the brand new buying and selling week on the next word. The value opened decrease however rapidly recovered to the session’s highs. The present value motion suggests extra good points within the token.

  • LUNA value trades larger with vital good points.
  • Extra good points above the decisive shut close to $97.50 towards all-time highs.
  • The current consolidation within the value alerts the continuation of the upside momentum.

LUNA consolidates for additional good points

Supply: Buying and selling View

On the day by day chart, the LUNA value continues to print good points. The formation of robust inexperienced candlestick hints on the energy within the bullish momentum for the value. After testing the file highs at $104.57, the token retraced again and examined the swing lows of $82.63. Nevertheless, since then LUNA’s value surged practically 18% in 4 days.

Now, the value is hovering close to the three-week highs round $97.20. An acceptance above the talked about stage will set the upside directional bias for the asset.

Traders will ask for the file highs of $104.57 as the primary upside goal. Subsequent, bulls would purpose for brand spanking new all-time highs close to $110.0.

On the flip facet, a shift within the bullish sentiment will invalidate the bullish outlook for LUNA value. On transferring draw back, the value seeks help round $85.0.

After an ascent of greater than 100% from the lows of $47.37 bulls examined all-time highs. However, quickly value enters right into a consolidation section. Usually, a consolidation preceded by an uptrend is an indication of the continuation of the upside pattern.

As of writing, LUNA/USD is buying and selling at $96.23, up 6.27% for the day. The seventh-largest cryptocurrency by market cap stands at $2,587,496110 with practically 32% good points.

Technical indicators:

RSI: The day by day Relative Power Index pierced above the typical line with a bullish bias. The present studying is at 60.

MACD: The Momentum Common Convergence Divergence holds above the typical line. An uptick within the indicator would strengthen the upside outlook.

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