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Cryptopolitan 2021-08-30 02:38:57

Terra price analysis: LUNA/USD all set to hit $40?

TL: DR Breakdown The cryptocurrency market is trading with mixed signals as we close the weekend.Relative Strength Index (RSI) is in the neutral zone and seems to be sinking further into the overbought region.  According to technical indicators, the bearish trend will not last long. Terra price analysis: General price overview Towards the closure of yesterday’s Terra price analysis chart, LUNA/USD traded in bullish momentum. Things were the same during the opening hours of the daily price analysis chart. The Bollinger bands were wide, indicating high volatility. The price was leaning towards the upper band; this shows that the buyers were in control of the market. The cryptocurrency market is trading with mixed signals as we close the weekend. The largest digital currency, Bitcoin (BTC), is trading at $48K, a deviation of (-0.96), while the second-largest digital asset Ethereum (ETH), is trading slightly above $3K, which is a loss of -1.2 percent in comparison to yesterday’s price. However, the Binance coin (BNB) has recorded an increase of 0.2 percent. LUNA is having a great weekend as it has recorded a 13 percent increment. At the time of writing, LUA was trading at $35.45. 24-hours price analysis chart: LUNA/USD struggles to beat $37.6 There are more red candlesticks than green in the early hours of the daily Terra price analysis chart, indicating that the overall market is bearish. Four hours after the daily cha...

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