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Sunday, November 27, 2022
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    HomeAltcoinLUNA Price Prediction: Keep Eyes On Record Highs Near $104.0; Are You...

    LUNA Price Prediction: Keep Eyes On Record Highs Near $104.0; Are You Buying Now?

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    LUNA price opens the brand new buying and selling week on a better observe. The value opened decrease however shortly recovered to the session’s highs. The present worth motion suggests extra positive factors within the token.

    • LUNA worth trades larger with important positive factors.
    • Extra positive factors above the decisive shut close to $97.50 towards all-time highs.
    • The latest consolidation within the worth indicators the continuation of the upside momentum.

    LUNA consolidates for additional positive factors

    Supply: Buying and selling View

    On the each day chart, the LUNA worth continues to print positive factors. The formation of sturdy inexperienced candlestick hints on the power within the bullish momentum for the value. After testing the file highs at $104.57, the token retraced again and examined the swing lows of $82.63. Nevertheless, since then LUNA’s worth surged practically 18% in 4 days.

    Now, the value is hovering close to the three-week highs round $97.20. An acceptance above the talked about degree will set the upside directional bias for the asset.

    Buyers will ask for the file highs of $104.57 as the primary upside goal. Subsequent, bulls would purpose for brand spanking new all-time highs close to $110.0.

    On the flip aspect, a shift within the bullish sentiment will invalidate the bullish outlook for LUNA worth. On transferring draw back, the value seeks assist round $85.0.

    After an ascent of greater than 100% from the lows of $47.37 bulls examined all-time highs. However, quickly worth enters right into a consolidation part. Usually, a consolidation preceded by an uptrend is an indication of the continuation of the upside development.

    As of writing, LUNA/USD is buying and selling at $96.23, up 6.27% for the day. The seventh-largest cryptocurrency by market cap stands at $2,587,496110 with practically 32% positive factors.

    Technical indicators:

    RSI: The each day Relative Energy Index pierced above the common line with a bullish bias. The present studying is at 60.

    MACD: The Momentum Common Convergence Divergence holds above the common line. An uptick within the indicator would strengthen the upside outlook.

    Disclaimer

    The introduced content material could embrace the non-public 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 accountability in your private monetary loss.

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