LUNA/USD Spikes Above $95 Level – Cryptovibes.com – Daily Cryptocurrency and FX News
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Terra LUNA Price Analysis – March 9
The Terra LUNA price may not be stopped as the bulls prepare to take the coin to higher levels.
LUNA/USD Market
Key Levels:
Resistance levels: $115, $120, $125
Support levels: $65, $60, $55
LUNA/USD is trading above $95 as the coin touches the resistance level of $99 during the European session today. 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 $100 if the bulls focus on the upward trend.
Terra LUNA Price Analysis: LUNA/USD Ready for The Upside
The Terra LUNA price may remain on the positive side should the 9-day MA stays above the 21-day moving average. However, the technical indicator Relative Strength Index (14) is also confirming the bullish movement as the signal line prepares to cross into the overbought region; there is a higher chance that the coin may find the potential resistance levels at $115, $120, and $125.
On the contrary, any bearish movement below the 9-day and 21-day moving averages may drag the coin towards the lower boundary of the channel which may locate the critical supports at $65, $60, and $55 respectively.
LUNA/BTC Market: Price Stays Above the Moving Averages
Against Bitcoin, LUNA is 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 crosses the upper boundary of the channel and then locate further key resistance at 3000 SAT and above.
Meanwhile, on the downside, the Terra LUNA price could face support at 2000 SAT. Beneath the support lies the major 1700 SAT and below. Now, the 9-day MA remains above the 21-day MA as the technical indicator Relative Strength Index (14) moves to cross into the overbought region to increase the bullish movement. Perhaps, if the signal retreats below 70-level, traders are likely to expect a bearish pressure below the 9-day moving average.
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