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The post <a href="https://coinpedia.org/price-analysis/terra-tokens-display-bullish-sentiment-luna-price-to-test-2-soon/">Terra Tokens Display Bullish Sentiment! LUNA Price To Test $2 Soon?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
After displaying a bearish trend for a brief period, the Terra tokens regained momentum and have recorded a significant uptrend over the past week. Further, the <a href="https://coinpedia.org/price-prediction/terra-luna-price-prediction/">LUNA price</a> has added over 22% within 24 hours and approximately 50% over the past seven days, indicating a rise in bullish influence. 
The <a href="https://markets.coinpedia.org/terra-luna/">Terra LUNA</a> price traded in a closed range between $0.635 and $0.777 for over a week, after which it recorded a jump of 24.80. However, the rally was short-lived as the price faced rejection at $0.8830, following which it displayed a neutral trend for a while. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/TOrog1viDnJuONUiV9H7XKvhHsrZdiZKJM2U2Z-sO7HlUZBuOuxxenMxClnm9Ad69r-gvgxvqD9aMcFmgpZOObL4Fv4xXm-gHgc1J8uDSTBOtHvLq_D415eOfgBTRi4CqxaVC9Z0eKq0FvA8bDEr-Os" alt="LUNA Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LUNA/USDT
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</figure> 
After this, the bulls jumped 72.59% within hours before facing rejection at $1.4030. After this, the market experienced a trend reversal, and the Terra token recorded a correction of 25.83%. Following this, the LUNA price traded sideways for nine days. 
As the market volatility grew, the LUNA token lost momentum and lost approximately 25% over the next five days. After testing its low of $0.7770, the bulls have been displaying a positive trend, and since then, the price has added over 70% in valuation. 
The Relative Strength Index (RSI) surpassed the overbought range, highlighting an ongoing massive buying pressure in the crypto market. Further, the averages show a bullish rise, suggesting a positive price action for the Terra token this week. 
Also Read: <a href="https://coinpedia.org/price-analysis/these-altcoins-can-skyrocket-in-april-with-major-exchange-listing/">These Altcoins Can Skyrocket In April With Major Exchange Listing</a> 
<h2 class="wp-block-heading" id="h-will-luna-price-go-up">Will LUNA Price Go Up?</h2> 
If the market continues to gain momentum, it will prepare to test its upper resistance level of $1.55 soon. Moreover, if the market sentiments favor the bulls, the LUNA price will test its upper level of $1.7 in the coming time. 
On the other hand, if the bears overpowered the bulls, the LUNA 2.0 will lose momentum and fall to test its support level of $1.214. Moreover, if the bears continue to hold power over the bulls, it will further plunge and fall to test its lower support level of $1.040 during the upcoming weeks. 
Did You Know? <a href="https://coinpedia.org/price-analysis/after-memecoin-mania-ai-buzz-this-could-be-the-next-big-thing-in-crypto-ondo-these-altcoins-likely-to-thrive/">After Memecoin Mania, AI-Buzz, This Could be the Next Big Thing in Crypto: ONDO &amp; These Altcoins Likely to Thrive</a>

Terra Tokens Display Bullish Sentiment! LUNA Price To Test $2 Soon?

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