TERRA LUNA HUGE BREAKOUT SOON !! LUNA PRICE PREDICTION

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Synopsis: Terra price right now is $ 83.57, with a 24 hour trading volume of $ 779.08M, market cap of $ 30.66B, and market dominance of 1.65%. The LUNA price decreased -5.90% in the last 24 hours. Terra reached its highest price on Mar 10, 2022 when it was trading at its all-time high of $ 104.54. The lowest price since it’s ATH was $ 82.77 cycle low. The highest LUNA price since the last cycle low was $ 84.00 cycle high. The Terra price prediction sentiment is currently bearish.

Terra’s current circulating supply is 366.83M LUNA. In terms of market cap, Terra is currently ranked 1, in the DeFi Coins sector. According to our current Terra price prediction, the value of Terra will rise by 11.07% and reach $ 93.19 by March 23, 2022. According to our technical indicators, the current sentiment is Bearish, while the Fear & Greed Index is showing Extreme Fear. Terra recorded 57% green days with 21.44% price volatility over the last 30 days. Based on our Terra forecast, it’s now a bad time to buy Terra.

Terra LUNA, is a blockchain that used the dollar pegged stablecoin, UST, to construct a worldwide payments system. It has a thriving ecosystem, based on algorithmic decentralized coins, that make DeFi accessible to everyone. Therefore it’s no surprise to see this blockchain increase to the top in DeFi, in such a short period of time, and its currency, the LUNA coin, is pushing for new highs.

Terra LUNA is the second blockchain, in terms of the number of staked coins, which stands at $35 billion, behind Solana, which offers a 7% yield, and it stands second in term of total value locked, at $25.35 billion. The DeFi TVL across the entire sector declined earlier this year, after the Wonderland controversy, but it has recuperated well since then, helping the LUNA coin, while other cryptocurrencies have been bearish since November. Staked coins help earn rewards yields, which support the smooth running of the Terra network.

Based on today’s classical pivot point, with the value of $ 87.99, Terra has support levels of $ 85.78, $ 84.55, and the strongest at $ 82.33. Similarly, Terra resistance levels are at $ 89.22, $ 91.43, and $ 92.66. To get a better idea of what could happen to the Terra price in the future, it’s helpful to also explore Terra’s price history. In the last month, the LUNA USD pair is up 50.20%. The 1-year performance of LUNA USD is 348.58%.

The key price level for Terra are the $ 85.78, $ 84.55 and $ 82.33 support levels and the $ 89.22, $ 91.43 and $ 92.66 resistance levels. Price breaks from those levels could indicate higher volatility in the coming days.

You can predict cryptocurrency prices, by considering both on-chain and off chain metrics, as well as technical indicators that take into account Terra’s past price performance. Another tool you can use is to gauge the market sentiment, to see whether investors are optimistic or pessimistic about Terra. Keep in mind that there is no way to predict the future with 100% success, and past performance is no guarantee of future results.

Terra price in US Dollar has increased by 50.37%, in the last 1 month. LUNA is up 64.27% against Ethereum and up 62.59%, against Bitcoin in the last 1 month. The top performing year for Terra was 2021 when the price of LUNA increased, by 12,748.35% from $ 0.657 to $ 84.53. The worst performing year for Terra was 2020 when the price increased by 214.25% from $ 0.209 to $ 0.657. The average yearly growth of Terra over the last 3 years is 6.481.30% per year. Usually, Terra performs best in Q1 with an average of 2.743.72%, gain and worst in Q2 with -64.93% loss.

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#luna
#coin

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