LUNA USDT Terra Technical Analysis

Terra logo In this Terra technical analysis, we will examine the current price action, trading volume, key levels and indicators for LUNA-USDT. Sure, here are three sentences about Terra (LUNA) cryptocurrency: Terra is a decentralized financial platform that leverages blockchain technology to provide a suite of stablecoins and decentralized applications. With its native cryptocurrency LUNA, users can access a range of financial services, including lending, borrowing, and trading, all within the Terra ecosystem. By utilizing a robust governance system and a decentralized network of validators, Terra aims to provide a secure and transparent platform for users to manage their digital assets.

Terra Price Overview:

As of October 03, 2023, Terra is trading at approximately 0.4561 USDT. Let’s dive into the detailed price action for LUNA-USDT:

Metric Value
Open (O) 0.4697
High (H) 0.4779
Low (L) 0.4514
Close (C) 0.4561
Volume (C) 11,657,953.18
  • Open (O): The opening price for today’s trading session was approximately 0.4697 USDT.
  • High (H): Terra reached a daily high of around 0.4779 USDT.
  • Low (L): The daily low for LUNA-USDT was approximately 0.4514 USDT.
  • Close (C): At the time of analysis, Terra is trading near its daily close of 0.4561 USDT.
Metric Value
1D Change (%) -2.87%
3D Change (%) -5.04%
7D Change (%) 2.06%
30D Change (%) 15.85%
90D Change (%) -25.01%
YTD Change (%) -63.79%

Over the past three days, LUNAUSDT has dropped by approximately -5.04%, showcasing increased market volatility. Throughout the last week, it continued to rise, with a gain of around 2.06%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LUNAUSDT maintaining an upward trend of approximately 15.85%, despite intermittent fluctuations. Examining the last 90 days, LUNAUSDT has witnessed substantial decrease of approximately -25.01%, reflecting strong long-term confidence. Year-to-date, LUNAUSDT has steadily dropped by around -63.79%, 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 0.92078.
  • Momentum score is 0.1585.

LUNA USDT Technical Analysis

Terra Trading Volume:

The trading volume for Terra (LUNA) over the past 24 hours has been insignificant, with approximately 11,657,953.18 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 above the 50-day SMA, indicating short-term bullish momentum.
  • 200-day Simple Moving Average (SMA): Terra is also trading above the 200-day SMA, indicating a positive long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for LUNA-USDT is currently in the neutral zone, around 48.44148. 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 bullish 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.

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.