Terra

Coin

<ul class="news-points"> 
 <li>LUNA’s recent bounce from support at $0.4079 hints at a potential bullish reversal.</li> 
 <li>Increased trading volume and market capitalization point to growing interest in LUNA.</li> 
 <li>The Keltner Channel tightening suggests price consolidation before a potential breakout.</li> 
</ul> 
During the course of the past seven days, bearish momentum has dominated the Terra (LUNA) market, with prices oscillating between $0.396235 and $0.4326. Significantly, LUNA’s price has gradually declined, signaling increased selling pressure. 
However, in the past 24 hours, support was established at $0.4079, and bulls were able to drive the price back up to $0.4326, suggesting a possible reversal. This rebound from the support level indicates buyers are moving in and may reclaim control soon. At press time, LUNA was trading at $0.4227, up 2.59% from the intraday low. 
If the bullish trend however breaks over the $0.4326 resistance, the next level to monitor is between $0.4400 and $0.4500. During the recovery, LUNA’s market capitalization and 24-hour trading volume increased by 2.73% and 129.29%, respectively, to $170,070,372 and $34,754,588. The increased market capitalization and trading volume sugg…
The post <a rel="nofollow" href="https://coinedition.com/luna-price-rebounds-will-bulls-bounce-back-to-1-in-2023/">LUNA Price Rebounds: Will Bulls Bounce Back to $1 in 2023?</a> appeared first on <a rel="nofollow" href="https://coinedition.com">Coin Edition</a>.

LUNA Price Rebounds: Will Bulls Bounce Back to $1 in 2023?

Coin Edition

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