- Terra (LUNA) price closed the previous day’s trade at $1.81 with a market capitalization of $231.39 million and a circulating supply of 127.47 million
- LUNA price appears to have lost a significant bullish momentum as the asset is facing constant rejections from the pivotal resistance
Terra (LUNA) Price & Technical Analysis
|LUNA Price Prediction for Today||$1.722|
|14 Day RSI||48.77|
|Fear and Greed Index||23 (Extreme Fear)|
Terra Technical Analysis for September 2022
After recording a bearish month of August, the LUNA price attempted to break above the consolidation since the beginning of the month. Woefully, the bears successfully restrict the price below $2 by mounting decent selling pressure over the asset. However, the LUNA investors may take a sigh of relief as the price is closer to a breakout.
With the latest price movements, the RSI is attempting a parabolic move to reach the upper target, while the MACD indicates ease in the selling pressure. The asset in the short-term & long-term is extremely bullish. However, the price is extremely volatile in the higher time frame & hence the probability of rejection also haunts the rally ahead.
Currently, Terra(LUNA) price is trading below $2, it may rise high to high $2.2 but may face a rejection to drop below these levels.
Terra LUNA Technical Analysis at a Glance
Terra (LUNA) was one of the top-performing assets during the first quarter of 2022 until the LUNA-UST crisis spoiled the entire play. Currently, the price is trading below $2 and failed to gain the required bullish momentum, even after a relaunch. However, the asset cannot regain the lost levels but eventually may rise slowly yet steadily.
|Short-Term||The LUNA price appears to undergo a decent upswing as the price is preparing for a parabolic recovery|
|Mid-Term||The price that had cemented in the bottoms is slowly rising and may hit the required target very soon|
|Long-Term||The asset has undergone an extended bearish trend and hence may now rebound finely in the coming day’s|
Will LUNA Price Reach $2.2 Today?
Terra’s price had a consolidated trend during the previous day’s close that continued during the early trading hours. With a significant influx of liquidity, the LUNA price jumped high by gaining an early 9%. Interestingly, the asset is not experiencing any notable selling pressure and the price is expected to coil up until the day’s close.
The LUNA price is slowly coiling towards the initial target at around $2 as the buying volume surged slightly. Despite the possibility of a rejection haunts, the bulls appear to be poised to uplift the price close to$2.2 before the end of the day’s trade.
Will LUNA Price Reach $3.5 by the End of the Month?
LUNA price had begun the monthly trade on a bullish note, and despite a pullback, the asset still flashes bullish signals. The price is heavy consolidation between $2.23 & $1.56 for the past couple of months. Therefore, an extended accumulation may compel the price to utilize the gained strength and rise beyond the immediate targets.
In the coming days, the LUNA price may coil up and attempt to break above extended & prolonged consolidation. As the RSI is slowly ranging towards the north, the asset may also continue trading within an ascending channel. Therefore, the Terra(LUNA) price prediction for the month is around $2.8 to $3.5.
Terra LUNA Price Prediction: Price Trend Comparison with Terra Classic(LUNC)
- Terra & TerraClassic are the sister tokens, while the latter emerged as an outcome of the infamous LUNA-UST crash
- TerraClassic(LUNC) for the past week has been displaying huge bullish momentum and hence has surged magnificently
- Conversely, Terra remained widely bearish, displayed more or less a stagnant trend, hovering around the average levels
- While LUNC/USDT surged from negative levels to hit the highs at +236.89%, LUNA price is trading at -0.48% at the press time.
Additional Read: Terra Classic Price Prediction
Terra LUNA Price Prediction: 2022, 2023, 2024, 2025
Terra price had a roller coaster ride ever since the beginning of the year. The crash withnessed was the first ever price crash that dropped from the highs at $118 to as low as $0.0003 in just a month. However, rebranding has somewhat assisted the price to rise above $1 but still remains heavily bearish.
In the coming days, the LUNA price is expected to break above the consolidation and achieve the target. Further, undergoing a slow yet steady rally, the price may eventually reach the desired double-digit target soon.
|Year||LUNA Price Forecast|
|2022||$2.26 to $3.4|
|2023||$3.98 to $4.4|
|2024||$4.87 to $5.32|
|2025||$7.86 to $9.1|
Additional Read: Terra LUNA Price Prediction 2022
Terra News Today
- In the latest update, Terra passed a proposal after a community vote to airdrop LUNA tokens who did not receive during the Genesis
1/ #LUNAtics, your votes are in and the Terra Phoenix Airdrop proposal has passed ✅
With the passing, 19,504,909 $LUNA will be requested from the Community Pool to execute an airdrop to wallets that did not receive the correct amount at Genesis.
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) September 2, 2022
- The Terra platform, recently launched a new Governance alert bot that will alert the community to the latest governance activity happening on Terra
Today, we’re excited to roll-out a new Governance Alert Bot 🤖 that will alert you to the latest governance activity happening on Terra 👇
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) August 29, 2022