LUNA USDT Terra Technical Analysis

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By Frans van Elst

Terra logo In this Terra technical analysis, we will examine the current price action, trading volume, key levels and indicators for LUNA-USDT. Terra (LUNA) is a decentralized stablecoin that utilizes a dual-token mechanism to maintain stability and prevent inflation. Its native token, LUNA, is used for governance and staking, while the secondary token, TERRA, is pegged to the value of the US dollar and serves as the stablecoin component. With its innovative design and strong community support, Terra has gained significant traction in the cryptocurrency market and offers users a reliable store of value and means of exchange.

Terra Price Overview:

As of April 08, 2024, Terra is trading at approximately 0.9261 USDT. Let’s dive into the detailed price action for LUNA-USDT:

Navigate challenges in realm of Terra (LUNAUSDT) at 9.26e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.

Metric Value
Open (O) 0.9093
High (H) 0.9337
Low (L) 0.8801
Close (C) 0.9261
Volume (C) 9,960,986.71
  • Open (O): The opening price for today’s trading session was approximately 0.9093 USDT.
  • High (H): Terra reached a daily high of around 0.9337 USDT.
  • Low (L): The daily low for LUNA-USDT was approximately 0.8801 USDT.
  • Close (C): At the time of analysis, Terra is trading near its daily close of 0.9261 USDT.
Metric Value
1D Change (%) 1.85%
3D Change (%) 5.18%
7D Change (%) -13.31%
30D Change (%) -18.17%
90D Change (%) 37.04%
YTD Change (%) 11.89%

Over the past three days, LUNAUSDT has risen by approximately 5.18%, showcasing increased market volatility. Throughout the last week, it continued to decrease, with a loss of around -13.31%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LUNAUSDT maintaining a downward trend of approximately -18.17%, despite intermittent fluctuations. Examining the last 90 days, LUNAUSDT has witnessed substantial rise of approximately 37.04%, reflecting strong long-term confidence. Year-to-date, LUNAUSDT has steadily increased by around 11.89%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Terra Live Chart:

You can access a live price chart for LUNA-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 1.10537.
  • Momentum score is 0.02219.

LUNA USDT Technical Analysis

Terra Trading Volume:

The trading volume for Terra (LUNA) over the past 24 hours has been insignificant, with approximately 9,960,986.71 USDT traded against LUNA. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): LUNA is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Terra is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for LUNA-USDT is currently in the neutral zone, around 49.90166. This suggests that Terra is in range-bound territory.

Analysis from TradingView:

Our Key Takeaways:

Terra (LUNA-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the neutral RSI and insignificant trading volume are neutral signals for potential sideways movement.

Navigate challenges in realm of Terra (LUNAUSDT) at 9.26e-01 USDT with technical analysis pointing to bearish outlook and potential downturns.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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