KuCoin is a very popular project that is traded on KuCoin exchange. The exchange was founded by Yung Ho Chang and is based in Hong Kong, but the project is headquartered in Singapore. With a total supply of 800,000,000, the project raised around $52 million during their ICO in early 2018. At its current price of around $16.00, the future is very bright for this project.
“Terra” is a cryptocurrency that aims to connect the digital and physical worlds through a new platform. The team behind Terra sees the blockchain technology as a catalyst for a more accessible, secure and transparent digital economy. Terra’s aim is to connect the physical and digital worlds through a new platform that will allow for easy and safe commerce.
Our next target analysis article will be on LUNA (LUNA), where we will be looking at the potential it has to grow in the next year. We will be covering the various scenarios that may occur in the future regarding the price increase.
- The range of bullish LUNA price predictions is $24.94 to $30.1.
- The LUNA price may rise to $35.
- The price estimate for the LUNA negative market in 2021 is $14.80.
We utilize data, price trends, ADX, and other information about LUNA to evaluate the cryptocurrency’s future movement in LUNA price forecast 2021.
Luna is the Terra platform’s reserve currency, serving three purposes: retrieving transactions from Terra through staking, ensuring the price stability of Terra stablecoins, and providing incentives to the platform’s blockchain validators. Miners must use their Luna to perform mining transactions on the Terra system, which is based on a Proof of Stake (PoS) network.
Terra’s Current Market Situation (LUNA)
The price of LUNA is $29.72, according to Coingecko, with a 24-hour trading volume of $1,478,179,685 at the time of writing. LUNA, on the other hand, has dropped 6% in the past 24 hours.
Furthermore, there are 407,271,487 LUNA in circulation. LUNA is currently traded on Binance, OKEx, Bitfinex, and Huobi, among other cryptocurrency exchanges.
Price Prediction for Terra (LUNA) in 2021
On CoinGecko, Terra (LUNA) is now ranked 13th. The price of LUNA in 2021 is forecasted using a daily time period, as shown below.
Descending Channel Pattern LUNA/USDT (Source: Tradingview)
A descending channel is one of the charting patterns used by technical analysts to analyze the trend of an asset. A channel is created by drawing trendlines along the price series’ support and resistance levels. Channels may be used to find the optimum levels of support and resistance to purchase or sell stocks in general.
LUNA is now trading at $24.7. With this pattern, LUNA may soon hit the $26.74 resistance level. If the trend continues, the price of LUNA may drop to $23.61.
Terra (LUNA) Resistance and Support Level
The chart below depicts LUNA’s support and resistance levels.
Support and Resistance Levels for LUNA/USDT (Source: Tradingview)
According to the aforementioned chart, the resistance and support levels for LUNA are as follows.
- $30.1 is the resistance level.
- Level 1 Support – $22.6
- $14.8 for Level 2 Support
- Level 3 Support – $9.1
- $4.43 for Support Level 4
The graph shows LUNA’s bullish performance over the preceding month. This trend, however, will shortly hit the $30.1 resistance level. If the trend were to reverse, LUNA might fall below $4.43, indicating a bearish indication.
Average Directional Index (LUNA) Terra (LUNA) Terra (LUNA) Terra (LUNA) Terra ( (ADX)
Let’s take a look at the Average Directional Index for LUNA (ADX). The ADX, in particular, aids traders in assessing the strength of a trend as opposed to its direction. It may also be used to see whether the market is shifting or if a new trend is about to start. However, it is connected to the Directional Movement Index (DMI).
The oscillator also has a range of 0 to 100. Furthermore, a high number indicates a strong trend, while a low value indicates a weak trend. It’s also often used in conjunction with directional indicators.
ADX LUNA/USDT (Source:TradingView)
The ADX for LUNA is seen above, with the range at 68.77, indicating a very strong trend.
LUNA is a cryptocurrency that is ideal for long-term investment. Furthermore, the LUNA price forecast is positive in the near future. This year, it has a decent probability of hitting $33.22. This, however, will only happen if a number of prior psychological obstacles are overcome.
Furthermore, with the improvements and updates to the LUNA ecosystem, LUNA’s performance is expected to increase to $32 in the near future. However, if investors think that LUNA is a solid investment in 2021, it might reach $35.
Disclaimer: The views stated in this graph are entirely those of the author. It should not be construed as investment advice. Before investing, TheNewsCrypto staff advises everyone to conduct their own research.
Based on the current 24-hour trading volume of $20,847,918, LUNA is the 5th most popular cryptocurrency in the world and it’s price is $0.01. While noirds is one of the few blogs that regularly writes about cryptocurrencies, none of their predictions have come true to date. But, as they write: “A successful prediction is not the only goal of this blog. We try hard to explain to our readers why crypto and blockchain projects are important and why they must be supported in order to grow.” In this post, they explain the possibility of “LunaChain” increasing in price by 4,500% in 2021.. Read more about terra (luna price prediction tomorrow) and let us know what you think.
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