Terra LUNA Price Journey, Breakouts, and Market Outlook

Bombolo | News and Media

In November, the price of Terra LUNA rose by more than 140%, reaching $1. After that, it started trading in a pattern suggesting a decrease in buying interest. The price of Terra LUNA 2.0 stayed within a range of $0.6597 to $0.7980 for a short time. Later, it lost momentum and experienced a sharp drop in price.

Following the drop, the price moved sideways between $0.5599 and $0.6597 for more than a week. When the market picked up again, the price broke out of this range and increased by 36%. However, it faced resistance at $0.8997, causing a halt in the upward movement.

After the earlier movements, the price of LUNA coin stayed relatively stable for a period, moving neither significantly up nor down.

Also Read: The Future of Luna Classic (LUNC) and Its Potential to Reach $1 Again


The price then experienced a lot of ups and downs, but eventually, the buyers (bulls) successfully surpassed a crucial barrier at $0.8997. This breakthrough led to a substantial increase of around 60% in the coin's value. However, the joy was short-lived as the price was turned away at $1.2609, meaning it faced difficulty surpassing this level, resulting in a temporary stop to the upward movement.

Bullish Scenario:

If the buyers (bulls) successfully push the LUNA price above the resistance level of $0.9938, it may regain momentum.Breaking out of the descending channel pattern is the next step, and if achieved, the price could continue rising towards the upper resistance level of $1.1358.Sustaining at this level could set the stage for a potential attempt to reach the higher high of $1.2609 this month.

Bearish Scenario:

On the other hand, if the sellers (bears) maintain control, the LUNA price may lose momentum and fall towards its support level of $0.8997.If bearish dominance persists, the price might further decline and approach its lower support level of $0.7980 in the coming days.

Also Read: Is Terra Luna Classic (LUNC) a good investment in 2023? Price predictions for 2024, 2025, 2026, 2027, 2028, 2029, 2030.