The Bulls Pushes for a Breakout as LUNA/USD Faces the North – Cryptovibes.com – Daily Cryptocurrency and FX News
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Terra Price Analysis – December 21
Terra (LUNA) remains in the green as the cryptocurrency market gains from the increased buying pressure.
LUNA/USD Market
Key Levels:
Resistance levels: $100, $105, $110
Support levels: $70, $65, $60
LUNA/USD price is now trading close to $100 after touching $90 resistance in the early hours of today. The price of Terra may continue to follow the uptrend if the price crosses the upper boundary of the channel. Meanwhile, Terra may close the week on a better note as the price could touch the resistance level of $95. But the current performance of LUNA/USD is progressive and gives room for more investments.
Terra Price Analysis: LUNA Ready to Climb to New Highs
The Terra price continues to maintain the uptrend from the lows traded early this month around $51.39. Meanwhile, as the technical indicator Relative Strength Index (14) moves into the overbought zone, the bulls may continue to dominate the market but once it faces 60.0 but the upside may remain capped at $100, $105, and $110 respectively.
LUNA/BTC Market: Terra Price Remains at the Upside
Against Bitcoin, the LUNA price is seen moving up higher above the 9-day and 21-day moving averages as it aims to cross the upper boundary of the channel to hit a major resistance level at 2000 SAT. The long-term moving average may likely make a bullish cross but currently, the market is following the upward trend.
From above, if the buyers can push the price above the channel, higher resistance could be located at 2200 SAT and above. More so, should the bulls fail to move it above the aforementioned barrier, then, the nearest support level toward the downside lies at 1500 SAT and below. Presently, the technical indicator Relative Strength Index (14) is hovering within the overbought zone, which shows that more bullish signals may play out.
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