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Wednesday, November 30, 2022
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    HomeAltcoinLUNA Price Prediction: Challenges 0.23% Fibonacci Retracement Level At $87.0; RSI Divergence...

    LUNA Price Prediction: Challenges 0.23% Fibonacci Retracement Level At $87.0; RSI Divergence Indicates $80.0 On The Way

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    LUNA price edges decrease on Thursday with losses. Terra (LUNA) opened greater however didn’t maintain the highs. The worth continues to consolidate in a good vary of $85.0 and $95.0. Traders are in search of some catalyst to set the subsequent directional foundation.

    • LUNA value trades decrease in a good vary on Thursday.
    • Extra problem for LUNA beneath 0.23% Fibonacci retracement degree at $0.87.
    • RSI bearish divergence echoes for the draw back momentum.

    LUNA value set to say no

    On the each day chart, after surging almost 140% from the lows of $43.49 the LUNA value took a breather on the report highs of $104.66. The worth information the largest single-day fall on March 11 with a fall of 13% since January 21.

    Supply: Buying and selling View

    Now, a fall beneath the 0.23% Fibonacci retracement degree will hold consumers on the again foot. Intense promoting stress will drag the value towards the 0.38% Fibonacci retracement on the psychological $80.0 degree.

    The promoting stress will additional intensify if the value slips beneath the 50-day SMA (Easy Transferring Common) at $75.55. In that case, the LUNA value revisits the $0.70 mark.

    On the flip aspect, a spike in purchase order will push the value again towards the session’s excessive at $90.0. Moreover, a decisive shut above the talked about degree will recapture the essential $100.0 degree.

    Technical indicators:

    RSI: The each day Relative Power Index offers bearish divergence since February 28 as the value makes greater highs. A downtick within the indicator will deliver extra draw back within the pair.

    MACD: The Transferring Common Convergence Divergence trades above the mid-line with a bearish crossover.

    As of publication time, LUNA/USD is buying and selling at $87.87, down 1.50% for the day. The seventh-largest cryptocurrency by market cap holds the 24-hour buying and selling quantity at $2,340,922,165 in keeping with the CoinMarketCap.

     

    Disclaimer

    The introduced content material might embody the private opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any duty on your private monetary loss.

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