LUNA/USD Spikes Above $85 Level – Cryptovibes.com – Daily Cryptocurrency and FX News
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Terra LUNA Price Analysis – January 15
The Terra LUNA price may not be stopped as the bulls prepares to take the coin to the higher levels.
LUNA/USD Market
Key Levels:
Resistance levels: $96, $98, $100
Support levels: $72, $70, $68
LUNA/USD price is currently trading above $85 as the coin touches the resistance level of $87 at the time of writing. The Terra LUNA may continue to move upwards if the price stays above the 9-day and 21-day moving averages. Meanwhile, LUNA/USD may touch the resistance level of $90 if the bulls focus on the upward trend.
Terra LUNA Price Analysis: LUNA/USD Heads to the Upside
The Terra LUNA price may remain at the positive side if the 9-day MA crosses above the 21-day moving average. However, the technical indicator Relative Strength Index (14) is seen moving towards 60-level, there is a higher chance that the coin may likely find the potential resistance levels at $96, $98, and $100.
On the contrary, any bearish movement below the 9-day and 21-day moving averages could drag the coin towards the lower boundary of the channel which may locate the critical supports at $72, $70, and $68 respectively.
LUNA/BTC Market: Price Stays Above the Moving Averages
Against Bitcoin, LUNA price has been moving upward and the coin may continue the uptrend above the 9-day and 21-day moving averages. Therefore, the next level of resistance may surface if the coin moves toward the upper boundary of the channel at 2100 SAT and then locate further key resistance at 2300 SAT and above if the buying pressure becomes huge.
Meanwhile, on the downside, the Terra LUNA price could face the support at 1800 SAT. Beneath the support lies the major 1600 SAT and above. Now, the 9-day MA remains below the 21-day MA, but the technical indicator Relative Strength Index (14) moves to cross into the overbought region to increase the bullish movement. Perhaps, if the signal crosses below 50-level, traders are likely to expect a bearish pressure below the moving averages.
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