{"id":140781,"date":"2021-10-05T07:09:40","date_gmt":"2021-10-05T07:09:40","guid":{"rendered":"https:\/\/precoinnews.com\/?p=140781"},"modified":"2021-10-05T07:09:40","modified_gmt":"2021-10-05T07:09:40","slug":"terra-luna-price-rises-steadily-after-columbus-5-launch","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/altcoins\/terra-luna-price-rises-steadily-after-columbus-5-launch\/","title":{"rendered":"Terra (LUNA) Price Rises Steadily After Columbus 5 Launch"},"content":{"rendered":"

LUNA, the native coin of the Terra chain, is currently on a steady uptrend after the recent Columbus 5 launch. LUNA is currently trading at around $47 according to trading view and CMC.\u00a0 In the past 24 hours, LUNA gained over $4.3 in price, representing a 10% increase.\u00a0<\/strong><\/p>\n

<\/span>Predicting the LUNA <\/strong>Price<\/b><\/span><\/h2>\n

The 24 hour high and low prices for LUNA are at $48.32 and $41, respectively.\u00a0 It ranks 11th in CMC with a market dominance of 0.89% and a market cap of about $18 billion.\u00a0<\/span><\/p>\n

LUNA has been on an uptrend for the past few days, rising from a short-lived bear that began on September 17th. In the past 7 days, LUNA gained at least 27% in price. Due to this new market surge, LUNA managed to surpass the earlier all-time high of about $38.5, to make a new ATH at $48.\u00a0<\/span><\/p>\n

As this coin begins to surge, experts are already predicting the short and long-term expected prices.<\/span><\/p>\n

Looking at the current trend, Luna can hit higher prices and create a new ATH soon. First, it faces the strongest <\/span>resistance<\/span> at $48.812, and the longer-term resistance is at $56, $70s. If the coin surpasses the first level, it could quickly start heading to a higher level, hitting $55 in a few days or weeks.\u00a0<\/span><\/p>\n

Earlier expert predictions put Luna’s prices at $40 by the end of the year. However,\u00a0 since Luna already surpassed the $40 mark, analysts are now reconsidering their predictions. Some predict that LUNA could stand at over $48 to $56.\u00a0 However, with the current momentum, Luna could easily hit $60 or even higher by the end of 2021.\u00a0<\/span><\/p>\n

<\/span>Tracing the Buying Pressure<\/b><\/span><\/h2>\n

The <\/span>technical analysis<\/span> at trading view shows that Luna is currently in a strong buy situation. This high buy has been going on for the past week. Clearly, a lot of its customers have high confidence in the coin. If the confidence levels continue to grow, LUNA could create a new ATH and probably hit $60.\u00a0\u00a0\u00a0<\/span><\/p>\n

A downtrend is also possible with regards to the LUNA coin. If LUNA surges in value fast and hits $55 in a few days, fewer people will buy it. Most will dump to benefit from the sudden price increase and probably drive the prices down. As the number of people buying Luna reduces and more sell it (strong sell), the coin will lose value. The support levels for the coin currently stand at $36 and $33. But, it could take some time for the coin to go towards that level if a downtrend begins.\u00a0<\/span><\/p>\n

<\/span>Why is LUNA<\/strong> <\/span>Surging<\/b><\/span><\/h2>\n

There are lots of factors that have been driving the prices of Luna high recently. Foremost, Wrapped LUNA and TerraUSD were both added to the Coinbase pro exchange recently. Furthermore, the demand for TerraUSD and LUNA increased due to the introduction of Anchor and Mirror applications in the Terra network. <\/span><\/p>\n

Finally, the hype connected to the recent <\/span>Columbus 5 upgrade<\/span> has also been driving LUNA prices up.<\/span><\/p>\n

<\/span>Related posts:<\/span><\/h3>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

LUNA, the native coin of the Terra<\/p>\n","protected":false},"author":3,"featured_media":140780,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[49],"tags":[],"yoast_head":"\nTerra (LUNA) Price Rises Steadily After Columbus 5 Launch - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/altcoins\/terra-luna-price-rises-steadily-after-columbus-5-launch\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra (LUNA) Price Rises Steadily After Columbus 5 Launch - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"LUNA, the native coin of the Terra\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/altcoins\/terra-luna-price-rises-steadily-after-columbus-5-launch\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-10-05T07:09:40+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/10\/Terra-LUNA-Price-Rises-Steadily-After-Columbus-5-Launch.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/altcoins\/terra-luna-price-rises-steadily-after-columbus-5-launch\/\",\"url\":\"https:\/\/precoinnews.com\/altcoins\/terra-luna-price-rises-steadily-after-columbus-5-launch\/\",\"name\":\"Terra (LUNA) Price Rises Steadily After Columbus 5 Launch - 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