- Bullish LUNA price prediction may reach $100 in 2022
- LUNA may reach the bullish price of $1000 in the future
Important: This LUNA price prediction 2022 is purely based on the writer’s knowledge in technical analysis alone. Price analysis articles of other platforms may use different technical analysis signals and indicators that may influence their Terra (LUNA) price forecast outcome differently. Hence, we strongly suggest doing your own research before buying LUNA.
Amid the market bloodbath the crypto market is experiencing today, many crypto assets continue to hold their position. Bitcoin is a very good example of cryptocurrency that remains strong despite the wild volatility bought by the bearish market. Furthermore, for altcoins, Terra (LUNA) is one of the digital assets in the space that keeps defying the behavior of the bears.
Will LUNA be able to maintain its current position against the bears and advance its position towards the bullish territory? We still do not have the exact answer to that. However, in this article we will see how the crypto plans to strategize its movement in the following days of the year.
Are you already excited to know how? Therefore, wait no more, we will now check the performance of LUNA in this LUNA Price Prediction 2022. But before anything else, let us know more about what is LUNA.
Terra (LUNA) Overview (At the time of writing)
What Is Terra (LUNA)?
Terra Protocol is an open-source stablecoin network controlled by its stakeholders. It is also a public blockchain protocol deploying a suite of algorithmic decentralized stablecoins that underpins a thriving ecosystem that brings DeFi globally.
For traders and investors, the LUNA crypto can be traded on exchanges such as Binance, HitBTC and Gate.io to name a few.
Luna Price Prediction 2022
In terms of market position, the market capitalization of the crypto amounts to over $22 billion with a 24-hour trading volume of more than $1.3 billion. This performance of LUNA made it one of the top fifteen cryptos in CoinGecko.
Based on the chart above, LUNA remains to move sideways due to the wild volatility behavior of the market. This performance of the crypto is not new in the space but still it continues to create chills among its network investors.
Despite this market trend, many traders and investors continue to put their faith in the crypto. As seen in the graph, LUNA was able to successfully create a head and shoulder trading pattern. In fact, LUNA already completed the signals needed for the traders to set their buying position.
At the time of writing, LUNA trades over $51 per crypto, a position above the support level of the head and shoulders indicator. If this trend continues, there is a possibility that LUNA may surge and smash its $89 resistance level. If it does, we can say that LUNA is already one step closer to reaching the skyrocketing price of $100.
However, if LUNA fails to advance from its support level and plummet its price instead, it will be a different story.
On the other hand, there is still one more positive thing that investors and traders can look forward to in the LUNA network. As you can see in the chart, the crypto was able to record a massive price surge of over 20,000% from the first quarter to the last quarter of 2021. If the crypto will be able to create a massive surge like this once again this year, the price of the crypto may reach the moon price of $1000. But of course, this price forecast of the crypto will still depend on the bullish market and its performance in the coming months.
Meanwhile, the crypto’s Relative Strength Index (RSI) is still within the 70/30 range. In short, LUNA is neither overbought nor oversold. This means that users can trade with confidence without the fear of any major price reversal. However, if the price of LUNA goes beyond the 70/30 range again, traders might experience a bearish scenario with strong volatility.
Nevertheless, it is wise that traders stick to the rules of the indicator that they are using. Through this, traders can have a solid strategy on how to deal with the wild swing of the crypto market.
Other Market Prediction for Terra (LUNA) in 2022
Digitalcoin is one of the trusted names in the crypto world, as the firm claims. This is because it has already established accurate cryptanalysis and the latest news stories over time. For this reason, the 2022 forecast of Digitalcoin for LUNA amounts to $77.25.
By using their latest technical analysis, the platform updates its network prices and predictions every three minutes. For this reason, the 1-year forecast of Wallet Investor for LUNA amounts to $155.8.
Market Prediction for Terra (LUNA) Price 2023, 2024, 2025 and 2026
Terra (LUNA) price prediction 2023 is up to $76.07 (estimated)
Terra (LUNA) price prediction 2024 is up to $91.96 (estimated)
Terra (LUNA)price prediction 2025 is up to $118.87 (estimated)
Terra (LUNA) price prediction 2026 is up to $95.49 (estimated)
Terra (LUNA) continues to be one of the aggressive and solid digital assets in the crypto space. Therefore, the conclusion for theTerra (LUNA) price prediction in 2022 amounts to $100. However, this forecast still depends on how the market will treat LUNA in the future.
LUNA is one of the iconic crypto networks in the crypto space. Through this, we can say that LUNA has the potential to be a good investment in the next months of the year.
The price status of LUNA depends on many different factors, one of which is the current market situation. If LUNA is able to invite more traders and stakers to the platform, there is a big chance that the price of LUNA will go higher.
The crypto market is very unpredictable due to volatility. Any crypto in the space cannot evade these wild market swings of the market. One factor to consider is the massive dumping of tokens made by the whales in the LUNA network, an event that is very uncontrollable.
The LUNA crypto is one of the most iconic projects in the space. The Gate.io exchange is one of the famous crypto exchanges supporting LUNA crypto.
Yes, LUNA is a crypto that uses blockchain technology.
Disclaimer: The views and opinions in this article belong to the writer alone and they do not necessarily reflect the position of CryptoNewsLand (CNL). No information in this article, whether express or implied, should be taken as financial advice. Remember that investing in cryptocurrency poses significant risks to your asset. Hence, CNL strongly recommends all readers to perform their own in-depth research before investing in cryptocurrency.
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