Dear valued User,
We work with different types of advertisers. Some of them include gambling, investment schemes, High Yield Investment Program, Cryptocurrency, and Alcohol or tobacco etc. In no way or form are we endorsing these products/services. Please utilize them at your own risk, religious/country rules and requirements. Whatever you chose to follow, invest or gain please do at your own risk and free will. Thank You, ES Management
Market Cap: $868,264,979,724
24h Vol: $61,656,737,235
Cryptocurrencies: 4547
Markets: 59692
Cryptocurrencies: 4547
Markets: 59692
Market Cap: $868,264,979,724     
24h Vol: $61,656,737,235
Cryptela | ESFaucets logo
Cryptoknowmics 2022-01-22 06:17:46

LUNA Technical Analysis: Sellers Line-Up for Terra, Soon to Reach $50



The extreme rise in selling pressure drives the LUNA coin price lower and may soon break the 100-day SMA to reach the $50 mark. Terra is an application used in blockchain technology that uses stablecoins paired with fiat. In order to power globally-based payment systems that are price-stable. Terra was launched at the beginning of January 2018 with the support of Daniel Shin and Do Kwon. The co-founders of the company aim to speed up the acceptance of blockchain technology with a focus on usability and the stability of prices. Let us move ahead to read about Terra’s technical analysis. Past Performance of LUNA LUNA coin price shows a decline of more than 15% in the past 24 hours resulting in the fallout of $75. Moreover, the free fall creates a huge bearish engulfing candlestick in the daily chart. It breaks below the 0.382 Fibonacci level and heads lower to the 0.5 Fibonacci level. LUNA/USD Daily Chart LUNA Technical Analysis The LUNA coin price decreased by 25% in the past week, resulting in a high momentum short-term downtrend. With the 180% jump in the intraday trading volume, the selling pressure is on the next level. The 20 and 50-day Simple Moving Averages give a bearish crossover in the daily chart. Meanwhile, the 100-day SMA provides support to falling prices. The 200-day SMA stands strong at $44 if the 100-day SMA collapses. The MACD indicator finally gives a bearish crossover after the merger of the MACD and signal ...

Latest News

Videos

  • How to Buy BTC with Binance Mobile

  • What are NFTs? How will it change the way we use things?

  • How to Buy BTC with Coinbase

  • 10 Ways to Make Money Via Crypto