Key Takeaways
- The Terra(LUNA) price closed the previous day’s trade at INR 190.68 with a market capitalization of INR 303.58 million and a circulating supply of 127,475,473.31 LUNA
- The asset has jumped in action and may hold with the current bullish momentum until the monthly close
- The LUNA price may surge by nearly 40% in the next couple of months to regain the highs above INR 500 initially and later at INR 600
Price Comparison Table
| Crypto-Asset | Start-Month Price (June) | Mid-Month Price (June) | End-Month Price (JUNE)* | % Change* |
| Terra (LUNA) | INR 506.14 | INR 197.16 | INR 198 | -155.62% |
* As of 29-June-2022
Terra (LUNA) Technical Analysis at a Glance
Terra, after the rebranding had plunged hard by nearly 70% but after a brief consolidation, the asset resumed with the uptrend. The asset now appears to be pretty bullish as the bulls try to take control. Therefore, the upward trajectory may continue for some more time as the asset seems to have followed its sister token TerraClassic (LUNC).
| Short-Term (1hr) | LUNA price after reaching the highs faced a minor pullback and after a brief consolidation, may reignite a strong uptrend |
| Mid-Term (4hr) | The asset has accumulated a significant buying volume and hence the uptrend may continue for some more time ahead |
| Long-Term (D) | Terra in the long term is yet to flash strong bullish signals and hence until then minor upswing may keep up the bullish momentum |
Technical Indicators & Pivot Levels
Technical Indicators
| Technical Indicators | Value(1D / 1M) | Action (1D / 1M) |
| Relative Strength Index(RSI) | 24.80 / 45.04 | Buy / Neutral |
| MACD(12,26) | -5.76/ NA | Buy / NA |
| Average Directional Index(ADX) | 35.32/ NA | Neutral / NA |
| Bull-Bear Power | -0.17/ NA | Neutral/ NA |
Pivot Levels
| Pivot Levels | Short-Term(D) | Mid-Term(W) | Long-term(M) |
| Moving Average(MA)-50 | INR 2198.42 | INR 3878.22 | NA |
| Moving Average(MA)-200 | INR 5088.34 | NA | NA |
| Resistance | INR 275 | INR 390 | INR 699 |
| Support | INR 158.7 | INR 123.55 | INR 80.55 |
Oscillators
| Oscillators | Short-Term | Mid-term | Long-Term |
| Stochastic Oscillator | 64.93 | 1.85 | 24.55 |
| Ultimate Oscillator | 45.77 | 18.48 | NA |
| Average True Range(ATR) | 0.00 | 0.00 | 0.00 |
| CCI | 64.97 | -115.24 | -70.84 |
Terra (LUNA) price was extremely bearish a couple of days before, while the recent surge has turned the tables for the asset. The price is now extremely bullish in all the time horizons with most of the indicators being either neutral or bullish. However, RSI & StochRSI are at overbought levels and hence a minor pullback may be expected.
While ATR, the volatility indicator indicates the asset is highly volatile in all the time horizons and hence extreme price actions may be imminent. On the other hand, the strength of the rally is pretty strong as ADX is notably bullish in all the time horizons. Collectively, technical indicators point towards a healthy uptrend for LUNA price for the upcoming quarter.
Additional Read: LUNA vs LUNC: Comparative Analysis
LUNA Price and Technical Analysis for May-July
Source: Tradingview
- LUNA price from the past couple of days has gained immense bullish momentum that assisted the price to rise above the lower bottom
- Currently, the price is heading towards the upper, 0.23 FIB levels at INR 300, but woefully may not achieve before the mid of July
- By the end of the July trade, the asset is expected to rise above 0.38 FIB levels and try to regain the levels above INR 500. But the asset may consolidate along with these levels until the end of the month.
- The asset after a brief accumulation may quickly gain the levels above INR 550 in the first few days of August and further head towards the target set at INR 600.
- However, the price may get stuck around INR 580 for some time as the crucial 0.68 FIB levels may hinder the rally
- By the end of August, the LUNA price could have surged above INR 600 and quickly gain INR 620 levels
- The September trade is expected to be pretty consolidated as the price may find it difficult to surpass 0.78 FIB levels. In the end, the asset may hover between INR 650 to INR 680 levels
How to Invest in Terra(LUNA)
Investing in Terra (LUNA) is extremely simple here on CoinDCX, India’s leading crypto exchange. Just download the CoinDCX App and follow the instructions to complete the registration process. Once done, fund your wallet and buy Terra.
CoinDCX recently launched Crypto Investment Plan (CIP) which helps you to invest in your desired asset in easy weekly installments. Investing in crypto with CIP is extremely easy and safe. Therefore, start in Bitcoin & other cryptos with Crypto Investment Plan now!
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. In case you have any queries, write to support@coindcx.com.
The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
Related posts
Cardano Price Prediction 2024: Can the Chang Upgrade Trigger Rally to $1?
Cardano’s technical strength, and 2024 price predictions analyzed.
Sui Price Prediction 2024-2030 : Can SUI Price Touch $4 in 2025?
SUI price is struggling hard to lay down a strong bullish trend.
