Price Analysis

Terra(LUNA) Price Primed to Hit $110 Soon! Will it Sustain or Fall Apart Below $100?

Written by: Sahana Vibhute

Written by right arrow

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

  • author facebook
  • author twitter
  • linkedin

Mar 14, 2022

news-image
Highlights

    LUNA price showcases its poised behaviour on smashing the 3-digit figure at the earliest, regardless of a couple of plunges encountered in between

    The asset bounced off from the pivotal levels and hence validating a significant bullish trend in the upcoming days

Amid the uncertain environment, the crypto space is showcasing some possibilities of maintaining a significant uptrend. Terra since the past week witnessed a couple of magnificent spikes which displayed the asset’s tendency to hit $100. Currently, the asset after a slight pullback is back on track towards the target slightly higher than just $100. 

The LUNA price is currently undergoing an immense uptrend after forming a couple of bearish hammers, the price recorded a huge bullish candle. Currently, a lot of crazy bets are undergoing for the asset which is more focused on its fundamentals. Despite it undergoing multiple pullbacks, the asset is one of the bullish assets over time. And hence the asset is primed to hit not only a 3-digit figure but also much above that. 

Also Read: Warning For Terra ! Major Correction Might Take LUNA Price Down To $51 !

The LUNA price as mentioned in the above figure is maintaining a notable uptrend, hitting the required resistance levels. Moreover, the LUNA price as mentioned tested 0.5 FIB levels gracefully and currently heading towards the next levels at 0.23 FIB levels comes around $110. And hence with another positive impulse wave, the LUNA price may continue to range high towards $125 which is the next level for the asset. 

Collectively, Terra’s (LUNA) price is appearing to be extremely bullish in recent times which may compel the asset to maintain a notable uptrend in the coming days. Once the asset undergoes a significant surge, then the possibility of the asset spiking high is imminent. Therefore, the possibility of the asset igniting a significant Altseason for the year 2022 also.

Also Read: This is Why Ripple’s XRP Price May Encounter the First Bearish Week of 2022, Where Will the Price Land?

Show More

Was this writing helpful?

dislikeimage No myImage Yes

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Related Articles

Back to top button