In the past 24-hours, the surge in Terra’s (LUNA) has price has surprised the entire cryptocurrency sector. As of now, the bulls are extremely excited and motivated in regards to the rise in the price of LUNA.
The data from CoinMarketCap suggests that LUNA’s price has surged by 11.26% in the past 24-hours. At the time of writing, LUNA’s price is at $81.61, which is the all-time high LUNA has hit since the launch.
While the rest of the major cryptocurrencies have been experiencing a dip or have been underperforming, it is LUNA that has proven to be very promising for investors.
From the beginning of 2021 until now, the weighted growth LUNA has observed is 12413.14%. As for the past 90-days, LUNA’s price has surged by 206.02%, and 98.51% in the past 60-days. Even in the past 30-days and past 7-days, LUNA’s price has continued growing, demonstrating a growth worth 87.37% and 51.53% respectively.
As a result, the price of LUNA is constantly growing higher and the investors are making more and more transactions to push its price higher. Unlike others, the trendline for LUNA is currently in the upward direction and it is proving to be very promising for the entire bullish community.
In the past 30-days, the trading volume LUNA has observed is $58,873,058,090 translating to 724,451,735 LUNA. In the past 7-days, the trading volume observed by LUNA is $17,273,064,341, translating to 215,550,559 LUNA, and $39,806,640,303 trading volume in the past 24-hours, translating to $48,983,342 LUNA.
According to a report from CoinMarketCap, Terra’s trading volume has surged by 100.65% in the past 24-hours. This means that the bulls are currently buying LUNA at a very high rate to push its price even higher. It seems that the investors are trying to all-time highs for LUNA in the upcoming days, and for that purpose, they have intensified their selling activities.
At the moment, the performance chart for LUNA shows that it is set to grow higher in the upcoming days. Its trendline is currently in the upward direction. This means that the price for LUNA will continue growing and it is set to hit another all-time high in near future.
The analysis for LUNA shows that its price is constantly experiencing a rise in its SMAs. Although LUNA did end up experiencing a dip in its price on December 4, going down to $50.18 per LUNA, it managed to recover in the upcoming days.
The price prediction for LUNA shows that the bulls may continue pouring in money to increase their price. They may try to push its price over the $85 per LUNA figure. The bears may try to resist at the $85 price but if bulls prevail, the LUNA community may witness another all-time high of $90 per LUNA.