Terra Luna Price Prediction: LUNA Fails To Push To $80 Over Weekend 

Daily Terra LUNA Technical Analysis

Last Updated March 1st 2022
3 Min Read
  • The Terra Luna price is up by nearly 3% during the ongoing session, after it ended the weekend on a bearish note at $72.55. 
  • LUNA was quite bullish during the previous week but registered a sharp drop on Sunday, falling by over 7%. 

The Terra Luna price started the week on a positive note and is currently up by nearly 3%, as it looks to push towards $80. LUNA had been extremely bullish during the previous week and had surged by over 9% on Thursday, pushing above the 50-day SMA. Friday saw the bullish sentiment persist, with LUNA rising by over 12%, moving to $73.14. The price continued to push higher over the weekend, rising by nearly 7% on Saturday and rising to $78.13. The price fell back in the red on Sunday, dropping by over 7% and ending the weekend at $72.55 before recovering during the ongoing session. 

Terra Luna Price Chart Indicates LUNA Looking To Push To $80 

The Terra Luna price started the previous weekend on a slightly bearish note, registering a marginal drop on Saturday. Sunday saw LUNA slip below the 200-day SMA, falling to $49.30. However, the price recovered on Monday, with LUNA registering an increase of 1.77% and moving to $50.17. Tuesday saw LUNA continue to push higher, as the price rose by over 9%, moving above the 200 and 20-day SMAs and settling at $54.78, and then registering an increase of 8.83% on Wednesday, pushing up to $59.61.

Image: LUNA/USD daily

LUNA/USD daily chart 030122

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The Terra Luna price continued to push higher on Thursday, as LUNA pushed above the 50-day SMA, moving to $65.20. Friday saw the bullish sentiment intensify as LUNA surged by over 12%, rising to $73.14. LUNA remained in bullish territory over the weekend, rising to $78.13. However, the price fell back on Sunday, dropping over 7% and ending the weekend at $72.55. The current session sees LUNA up by over 2%, as buyers look to push the price higher.

We can see that the MACD is currently bullish, indicating that we could see the price push higher.

Image: LUNA/USD 4-hour

LUNA/USD 4-hour chart 030122

The 4-hour Terra Luna price chart shows us that LUNA had pushed up to $59.95 on the 23rd. After reaching this level, the price fell back, dropping below all three SMAs and dropping to $52.62. The price surged after dropping to this level, rising to $67.56 on the 25th. LUNA remained bullish after reaching this level, rising to $74.31 and then to $78.13 on the 27th. However, the price fell back after reaching this level and dropped back below the 20-bar SMA, falling to $71.19 and then rising to its current level of $74.

We can see that the Parabolic SAR and MACD are both bearish, but if LUNA can push higher, we could see them flip to bullish.

LUNA Price Is Expected To Reach These Levels

Looking at the Terra Luna price chart, we see that LUNA has made a fairly strong recovery during the current session. If the current sentiment persists, we could see LUNA push towards $80. However, if sellers push the price down, LUNA could drop to $70.

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