Terra(LUNA)/USDT Technical Analysis: 10 December 2021

Terra(LUNA)/USDT Technical Analysis at a Glance

The price of LUNA cryptocurrency since the early trading hours is exhibiting very little volatility as the buyers are negligible while the sellers remain passive. The price is rallying towards the next resistance level yet eliminating the possibilities of a pullback. The technicals also stand strong today and therefore the Terra (LUNA) may experience a notable price change in the next couple of hours.

Terra(LUNA) Technical Indicators

Terra crypto remained distinct from mainstream adoption ever since its inception as it lagged required attention. However, the beginning of 2021 was pretty bullish for the LUNA coin as the prices underwent a notable jump for the first time. Terra rose to as high as $23 from just $0.66 within a couple of months and determined its presence. Further, the LUNA token went on to smash a new ATH above $85, showcasing its capabilities to be a tough competitor to the well-settled networks. 

Relative Strength Index(RSI)

The RSI which shows the strength of the rally has never visited the lower levels ever since the May crash in the long term. Even during any extreme sell-off or crash, the RSI levels flipped before hitting lower levels. Currently, the levels are swinging along with the upper levels and exhibit a notable bullish trend. The RSI levels in the short term also showcase a similar trend. 

MACD

The MACD in the long term showcases a huge buying pressure mounted on the platform while sellers are about to enter. And hence the Terra coin price could experience a notable pullback which may be short-lived. In the short-term, the buying is slowly mounting and hence a substantial uptrend may be visible. 

Moving Average

The Terra crypto price in the short term has found its support at 100-day MA while 200-day MA is much more distinct. The price is flipping from these support levels for a couple of days. However, in the long term, the Terra Luna coin is extremely bullish as both the MA levels are very much far-off from the current price levels.

Bollinger Bands

The Bollinger bands in the long term are released as the price is ranging high along with the upper bands. Conversely, in the short term, the LUNA token has just surpassed the middle band and is attempting to swing along with the upper bands. Hence displaying a bullish tendency.

Terra(LUNA)/USDT Price Analysis for the Week

Terra (LUNA) cryptocurrency closed the previous month’s trade on a bullish note and continued the same trend to start the December trade. Very soon, after smashing new highs the asset fell into bearish divergence and as it reached the lower tip, quickly recovered and smashed new highs above $85 within 24 hours. 

Ever since then the LUNA crypto price reached new highs, undergoing a healthy consolidation within a narrow range. And hence accumulating strength to pull a massive leg up to stretch the price close to a 3-digit figure to end the yearly trade.

Source: Tradingview Date: 10-12-2021 Time: 04:35pm

• The Terra price after smashing the ATH, quickly plunged a little and currently is attempting to regain the previous levels
• LUNA price is swinging within an ascending triangle where the upper resistance levels reside along the ATH
• However, the asset needs to clear some crucial levels around $73 to $75 to continue with the bull run.

Terra(LUNA)/USDT Price Analysis For Today: 10 December 2021

The asset experienced a huge uptrend which was followed by a notable pullback, yesterday and hence the price settled almost to the same levels to register a daily close. The present-day trade witnessed restricted volatility as the price change is only around 6%. The bulls remain a little active, while bears are attempting to regain control. 

The Terra (LUNA) price today is $69.10 with a drop of nearly 7%. The trading volume has also declined significantly by about 13% and the market cap is also down by more than 4%, compared to the past 24 hours. 

Additional Read: Terra Luna Price Prediction

Where To Buy Terra (LUNA) Coin

Terra(LUNA) coin is available for trade on almost all popular crypto exchanges. If you are in search of a trustable platform to buy Terra (LUNA) crypto, then CoinDCX is the best-suited platform. CoinDCX is India’s most-trusted platform which provides hassle-free trades at affordable rates. All you need to do is download CoinDCX mobile app on your smartphone and register yourself following a few simple steps. 

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