LUNA Price Dumps Near $100, This Indicator Suggests the Rally Isn’t Done Yet
On the hourly chart of LUNA the measure of relative strength (RSI) is well over its neutral 50 level with the potential for increase, indicating a continued upwards trend into the overbought area of 70 and higher. As long as bulls maintain the support, the move is likely to be fairly quick. It is likely that an upward move over the most recent $98.20 highest to happen earlier rather than later.
The LUNA price picked up momentum after establishing an impressive foothold on the resistance of $84.19 at the end of December. 23. This allowed in allowing the hourly RSI to rise above the 50 neutral level towards positive territory.
Terra has a current price of $94.10 and a 24 hour volume of $4,417405,816, as reported on CoinGecko. Over the last day, value of LUNA has increased by 2.4 percent. There are around 370 million LUNA coins in circulation , and an overall supply that is 840 million.