Terra (LUNA) Price Awaits Breakout , Eyeing $80 In Coming Days !
Over the previous 24 hours, LUNA/USD has moved in a range of $58 to $62, suggesting high volatility.
The market capitalization of cryptocurrency declined 0.45% in the last 24 hours as main coins Bitcoin $BTCUSD and Ethereum went below significant milestones. On the top cryptos chart, Polkadot and LUNA both traded well while compared to others.
Terra (LUNA) has surpassed Bitcoin $BTCUSD (BTC) as the most valuable cryptocurrency token by market capitalization. The LUNA coin has risen as a result of Chiron’s $50 million crowdfunding for Terra projects.
LUNA Price Analysis
Terra currency is currently trading at around $58 and has lost more than 4 percent of its value in the intraday session.
The Terra price movement is consolidating, indicating that bulls are likely to seize the momentum later. LUNA/USD peaked around $70 during the closing days of November before falling to $50 last Friday, along with the rest of the market.
The Terra price dropped lower yesterday, immediately plunging below $60, after a third attempt to climb higher yesterday only managed to hit the $72 mark. For the time being, the freshly discovered low is likely to suffice, and LUNA/USD is poised to retrace and record another lower high in the coming days.
The price of the LUNA coin has been consolidating and is expected to reach a new high in the near future. In the future, the LUNA/BTC pair may show a significant trend. From November 30 to December 10, the token’s value climbed by $10.51, or 17%.
Terra (LUNA) has the potential to hit $80 by the end of December, making it a good buy. At the time of writing Luna is 24 percent down from its recent ATH at $77 on December 5.
Published at Mon, 13 Dec 2021 11:30:00 -0500