LUNA/USD has been making gains over the past few weeks. The coin’s market cap is now at $1,339,926 USD which makes it one of the top 50 cryptos in terms of overall capitalization. Topics trending recently include Binance exchange and its new platform for private trading solutions, as well as potential future partnership with a major payment processor.
March 9th, Terra LUNA Price Analysis
As the bulls ready to push the currency to new heights, the Terra LUNA price may not be able to be stopped.
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Levels of importance:
$115, $120, $125 are the resistance levels.
Levels of support: $65, $60, $55
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LUNA/USD is now trading over $95 as it approaches the $99 barrier level during the European session. If the price maintains above the 9-day and 21-day moving averages, the Terra LUNA might continue to rise. Meanwhile, if the bulls maintain their upward momentum, LUNA/USD might test the $100 barrier level.
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If the 9-day MA remains above the 21-day moving average, the Terra LUNA price may continue to rise. However, as the signal line prepares to cross into the overbought zone, the technical indicator Relative Strength Index (14) confirms the bullish trend; there is a bigger possibility that the coin will encounter possible resistance levels around $115, $120, and $125.
Any bearish movement below the 9-day and 21-day moving averages, on the other hand, may drive the currency towards the channel’s bottom limit, where important supports at $65, $60, and $55 may be found.
Market for LUNA/BTC: Price Remains Above Moving Averages
LUNA is rising against Bitcoin, and the currency may continue to rise over the 9-day and 21-day moving averages. If the coin passes the top border of the channel, the next level of resistance may appear, followed by major resistance at 3000 SAT and above.
LUNABTC – LUNABTC – LUNABTC – LUNABTC
Meanwhile, the Terra LUNA price may find support around 2000 SAT on the downside. The primary 1700 SAT and below sits under the support. The 9-day MA is now above the 21-day MA, and the technical indicator Relative Strength Index (14) is crossing into the overbought area, indicating that the bullish trend is continuing. Traders could anticipate negative pressure below the 9-day moving average if the signal falls below the 70-level.
Frequently Asked Questions
Is it too late to buy Luna?
A: This is a question about the game Luna.
What is Luna all time high?
A: Luna is a digital currency with a market cap of around $2.6 billion, and it has been gaining in value steadily since its inception on March 20th 2018 at an exchange rate of less than 5 cents per luna.
What is Luna max supply?
A: Luna is the maximum supply that you can currently carry in your inventory. This will change over time, but as of now its set to 20 units. You cannot store more than this number on your account at any one time.
