Terra (LUNA) has had a trading volume of $23,914,354 in the last 24 hours, a 27.80% reduction from the previous day, indicating a significant decline in market activity.
Terra (LUNA) is currently trading at $1.29, a 2.45% gain in the last 24 hours and a 0.17% increase in the last seven days.
The coin’s all-time high price of $18.87 was set on May 28, 2022 (10 months ago), and the current price is 93.16% lower. On the other side, the all-time low price of Terra (LUNA) is $1.19, which was recorded 4 months ago on December 16, 2022, and the current price is 8.08% higher than this low point.
Terra (LUNA) is rated 136th on CoinGecko. The coin has lagged the global cryptocurrency market in the last seven days, with a price gain of only 0.30% compared to the market’s 2.00% growth.
LUNA Technical Analysis: Price Forecast
After a downward retracement since the beginning of March 2023, the price of LUNA is continuing consolidating. LUNA is currently on the rise after forming a bearish pin bar, indicating a trend shift to a buy trend. The bearish pin bar also represents a double bottom pattern, indicating that bulls are gaining momentum.
The 50-day and 200-day moving averages continue to trade above the LUNA price, implying that the bulls must be active enough to guarantee that the price breaks above the 200-day moving average. Bullish confirmation is expected if the price breaks above the 200-day moving average.
LUNA Price Prediction
According to the aforementioned technical analysis, if the bullish confirmation occurs, we predict the price of LUNA to rise to $1.42. If the bulls fail to move, LUNA’s stock might fall below $1.19, LUNA’s all-time low.
ALTERNATIVE TO LUNA: $FGHT LISTS ON CEX
$FGHT was launched on four CEX today after successfully completing its over $6 million presale, which allowed early investors to claim their tokens early in the day.
The price of $FGHT has already increased by +256% in the previous 24 hours, according to Gecko Terminal. And, based on market trends, we anticipate that the price of $FGHT will skyrocket as it is listed on more exchanges over time, particularly after its app is officially launched.
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