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 July 06, 2024, Terra is trading at approximately 0.3574 USDT. Let’s dive into the detailed price action for LUNA-USDT:

Consider bearish sentiment for Terra (LUNAUSDT) at 3.57e-01 USDT with technical analysis, highlighting weakened support and cautionary indicators.

Metric Value
Open (O) 0.3357
High (H) 0.3574
Low (L) 0.3345
Close (C) 0.3574
Volume (C) 7,106,872.51
  • Open (O): The opening price for today’s trading session was approximately 0.3357 USDT.
  • High (H): Terra reached a daily high of around 0.3574 USDT.
  • Low (L): The daily low for LUNA-USDT was approximately 0.3345 USDT.
  • Close (C): At the time of analysis, Terra is trading near its daily close of 0.3574 USDT.
Metric Value
1D Change (%) 6.46%
3D Change (%) -10.45%
7D Change (%) -14.15%
30D Change (%) -45.39%
90D Change (%) -60.70%
YTD Change (%) -56.82%

Over the past three days, LUNAUSDT has dropped by approximately -10.45%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -14.15%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LUNAUSDT maintaining a downward trend of approximately -45.39%, despite intermittent fluctuations. Examining the last 90 days, LUNAUSDT has witnessed substantial decrease of approximately -60.70%, reflecting strong long-term confidence. Year-to-date, LUNAUSDT has steadily depreciated by around -56.82%, 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 0.74199.
  • Momentum score is -0.27885.

LUNA USDT Technical Analysis

Terra Trading Volume:

The trading volume for Terra (LUNA) over the past 24 hours has been insignificant, with approximately 7,106,872.51 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 low zone, around 35.76252. This suggests that Terra is in bearish 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 low RSI and insignificant trading volume are low signals for potential downward movement.

Consider bearish sentiment for Terra (LUNAUSDT) at 3.57e-01 USDT with technical analysis, highlighting weakened support and cautionary indicators.

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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