The cryptocurrency market managed to recover after a heavy crash that occurred earlier this week. Many altcoins managed to slightly recover and bounced back from their respective support prices. Terra LUNA was among those altcoins that had a great comeback as its prices soared by more than 15%. Looking at the previous 7 days, most cryptos are in the red except for LUNA, which is currently up by more than 35%. Is LUNA proving to be a good crypto to own and hedge the crypto down market? Should you buy LUNA and add it to your crypto portfolio? Let's analyze Terra's token in this LUNA price prediction.

Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.

Terra currently has four tradeable tokens on its blockchain. LUNA gives staking rights and is used in the protocol’s stability mechanism. Those four stablecoins are as follows:

• TerraUSD (UST): pegged to the USD Dollar
• TerraKRW (KRT): pegged to the South Korean Won
• TerraMNT (MNT): pegged to the Mongolian Tugrik
• TerraSDR (SDT): pegged to the International Monetary Fund’s SDR unit of account (Special Drawing Right, which is a basket of Foreign Exchange currencies held by the IMF)

The presence of SDR in the stablecoins offering is a solid must-have, as it represents a very stable currency. Therefore, they plan to add many other currencies in the future such as Euro, Yuan, and Yen pegged tokens. Terra stakers have the ability to vote and recommend new Terra currencies and disapprove existing Terra currencies. With the introduction of new currencies and a cross-border expansion, Terra presents a very interesting opportunity with a solid whitepaper.

When the crypto market started to recover, many altcoins shot as high as 10% in prices. LUNA specifically managed to explode by more than 15%. In figure 1, we can clearly see how LUNA price jumped from its strong support area of around $50 all the way towards the current price of $69.

This strong support was proven to be a significant one. We can notice how many times prices tested this area in figure 1 as a resistance first, which later turned to a support. That's why technical traders anticipated this upward move.

Since LUNA price reached the strong support of $50, prices were expected to reach the psychological price of $60. As part of the crypto comeback, LUNA prices continued higher towards the next resistance of $70. Below, we clearly highlight the important price areas of LUNA that all represent psychological prices:

• $50
• $60
• $70
• $80
• $90
• $100

The next move of LUNA might be a slight price adjustment. It is advisable to wait for the price to decrease towards $60, then place a trade set up accordingly:

• If the crypto market continues higher, a buy order can be placed $70
• If the crypto market crashes lower, a short-sell can be placed towards $50

It is important to always remember to place an adequate stop-loss depending on your risk appetite.

Many technical crypto traders assumed that the price of LUNA was up to a100% increase. The reason for that assumption was an inverted shoulder-head-shoulders formation that indicated a bullish trend reversal. As a result, the price failed to respect the head-and-shoulders formation and continued the sideways phase. How will the Terra LUNA price continue to behave while the crypto market dips? Let's tackle everything in this LUNA price prediction article!

The Terra LUNA token price has been forming support at $49.22 for the past few weeks. This support got the third touch on 02/18/2022 and is thus a confirmed support. Since it is common in sideways phases that price, in this case, Terra Luna, targets resistance next after touching support, we assume that to be the case. We anticipate the price to test the $59.44 resistance next to continue the sideways phase.

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The Terra Luna price formed an ABC sequence right after the last crypto crash. This ABC sequence has already hit the first target and has subsequently corrected to the $49.22 support. Since the final goal of the ABC sequence is still open, we assume that we will still achieve it. Thus, the Terra Luna price could soon be around $65. There is the destination of the ABC sequence mentioned.

The crypto market is currently taking a breather, and most cryptos are down. The upcoming movement of the cryptocurrency market will have a huge impact on the LUNA price, as most cryptos tend to follow Bitcoin. With a dominance of around 41.5%, Bitcoin still has a significant correlation with most cryptocurrencies. Failing to have a stronger crypto market in general and a price breaking lower than $49 might signal upcoming lower LUNA prices, specifically towards the $38 price.

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The LUNA price correction lagged compared to the entire crypto market. Despite reaching the first target, prices corrected heavily. However, targets are still set on the horizon. Can LUNA prices correct further lower? Or is the correction already over? Let's analyze in this article the Terra Luna price!

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Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.

The Terra blockchain managed to garner a lot of attention thanks to its token LUNA that exploded in prices recently. If we zoom out to the daily chart, we can see the astronomical increase in LUNA prices from a mere $0.20 all the way to the current $50, making a +2,450% return over 2 years.

With the current price adjustment, it might be a good idea to place LUNA on your crypto radar.

The Terra Luna course was able to reach the GoldenPocket last week and found buyers directly there. This week got off to a bullish start. If the GoldenPocket holds what we think it will, we expect the Terra Luna price to rally to around $100 in the near future. That's where the next higher level of resistance is. We also don't think it's unlikely that the price will break the $100 resistance to make a new all-time high!

>> CLICK HERE TO BUY TERRA LUNA <<

Terra LUNA price must break the $54 resistance for the price to rally back to $100. We see this move very likely as the price formed an inverted head and shoulders formation. This formation is a trend reversal formation, which causes prices to rise. The neckline lies at $53, as does horizontal resistance. Since this formation has a high chance of success, we assume that it will rise in the near future.

On the other hand, this does not prevent prices to slide a little lower towards $45-$48 as part of a market correction.

There are many exchanges that list LUNA as a tradable token on their platform. When purchasing a cryptocurrency from an exchange, it is always important to pick a reputable one. In fact, we recommend using Binance to buy LUNA, as it’s a very easy way to do so. On that exchange, you can buy, sell or even hold your LUNA tokens. Also, you can send your tokens to your private wallet if need be.

The digital asset space is home to many projects, creating an avenue for users to access new opportunities. For instance, when investors buy into the new projects, which have had a successful run, they would likely record massive gains. One of the biggest coins making many gains is Terra (LUNA). While Luna has faced some controversies, it continues to be one of the best performers in the digital space.

Luna is the native token of Terra, and it has skyrocketed in the past few days. Since the end of last year, the asset has risen to over 20%, according to charts from CoinGecko. This has helped it earn a position amongst the top 10 cryptocurrencies in the digital asset space. It also hit a new high last year, attaining the $103 price range.

While it has slightly dropped from its all-time high, it continues to be one of the hottest assets in the crypto space. This comes as a shock, especially since Luna was around $1 at the beginning of 2021. It has grown exponentially, creating an opportunity for investors to record massive profits.

The coin remains bullish against all odds, especially with Bitcoin's recent fall. However, traders can sell off the asset anytime to secure their gains. Still, market charts show that long traders have been dominant, holding on to the market while others short.

Some experts believe that the coin has been able to recover faster than its peers when it falls and has also leveraged the market's volatility to record high gains within a short period. It's safe to understand an asset before moving to understand it. While Luna continues to grow, potential investors should understand that the cryptocurrency market is highly volatile, meaning that things can change fast.

Terra is currently one of the hottest projects in the market, which is why many investors are interested in investing in it. Founded by Do Kwon and Daniel Shin, this project has existed for over 3 years. Terra is essential a project that leverages decentralized finance (DeFi) technology to create a platform for rendering financial services.

The protocol creates stablecoins, usually pegged to currencies or other cryptocurrencies. For instance, many ecosystems create stablecoins pegged to the dollar to assure asset stability. This makes it easy for users to access financial services, such as saving, lending, or borrowing money. Previously, it was only the traditional financial system that encompassed financial services. However, things have changed, helping crypto and digital asset enthusiasts to enjoy decentralized services.

Additionally, Terra is also one of the largest DeFi protocols in the space. With over $18 billion in total value locked, many people seem interested in being part of project growth despite the growing regulations on DeFi projects.

It is safe to state that many blockchains are moving from proof-of-work to a more efficient and energy-saving approach called proof-of-stake. This protocol claims it utilizes a proof of stake mechanism, making it a better way to save energy and exert less pressure on natural resources.

There has been a lot of talks regarding crypto mining. Some people believe that Bitcoin and the altcoins impact the environment negatively due to the high energy needed for mining. However, things might be better as many blockchains embrace proof-of-stake for faster and more effective mining.

Because Terra is pegged to the US dollar, it follows the movement of the fiat currency, helping it maintain stability, primarily when used during financial transactions. Thanks to the algorithm, users holding Terra don't have to worry about volatility associated with digital assets because of fiat currency's stability.

Luna has continually recorded massive gains even while other assets struggle to regain stability. While 2021 wasn't the best year for the digital asset space, it attained its most incredible high recently. Many investors see Luna as a lucrative venture, thereby investing lots of money, helping the decentralized finance industry grow.

Decentralized finance (DeFi) is an industry known for helping users access financial services from the comfort of their homes. While traditional financial systems might require many protocols, which tend to be time-wasting, users can bypass this through DeFi. Today, this space remains one of the biggest emerging Industries, which may continue to remain relevant as humans are always in need of financial services.

Another reason for Luna's growth could be the outlook on DeFi. Many investors are willing to test the waters and understand how this technology could help them record new gains. Thankfully, the asset jumped from below $1 around the beginning of 2021 to $84 when the year ended.

It is safe to mention that Terra has successfully pushed other assets from the top 10 list. It has bypassed Litecoin, Shiba Inu, and even Doge. And some people believe that the benefits associated with this project fueled the new growth. Many people see potential in Terra, pushing them to buy into its native token to support the project and grow socially. This is quite common amongst assets in the crypto space.

Terra has some benefits, which may help you make a purchase decision. Before buying an asset, it's essential to understand how it works and how the market influences its price growth. While not every project with a lot of potential becomes successful, you can reduce failure rates by extensively researching and spending what you can afford to lose.

One of Terra's significant benefits is that it has helped stablecoin development. Stablecoins are unique digital assets pegged to crypto or a fiat currency. This makes some stable and a means to transact without worrying about price drops. When you change your assets to a stablecoin, you can rest assured that the value stays this way. However, it doesn't record notable gains also. If you want to invest in a lucrative venture, Stablecoins are not suited for that.

Another advantage associated with Terra is the use of decentralized applications. Decentralized applications run on the blockchain of networks and not a centralized body. This makes them more inclusive and community-centered.

Choosing to invest in an asset is a personal choice. However, research is crucial in all instances. When you have completed your research, you can finally decide if the coin is worth your money. Still, Luna has a lot of potential and may help the DeFi industry record more investors, especially as it continues to record gains.

You should invest in it when you believe that you can take the risk and won't be affected even when things turn sideways. However, if you can't take the risk, cryptocurrencies might not be for you. Also, the growing regulations on DeFi could significantly affect the market in the future. When governments push to regulate this market, it could adversely affect related providers.

Terra is one of the most significant projects in the digital asset space, giving access to decentralized finance services. Additionally, Luna's native token has recorded massive gains with a one-year space, making it an attractive choice for most crypto enthusiasts. However, you need to understand if you can take risks on this asset because of volatility. Digital assets and cryptocurrencies can be risky due to their volatility.

The crypto market managed to retrace slightly after the huge crash that occurred yesterday. All cryptocurrencies with no exception lost more than 10% in the past 2 days. Today, on the other hand, all tokens seem to have retraced a bit higher. The crypto market as a whole gained around 6.63%, softening the impact of the crash. Surprisingly, Terra Luna crypto boomed by more than 30% in the past 24 hours, making it take a spot in the top 10 list of the biggest tokens by market capitalization. In this article, we'll cover some technical analysis and look into LUNA prices.

Terra is a blockchain protocol that used stablecoins to enable price stability in global payment networks. In fact, they claim to combine price stability and fiat currencies by enabling Bitcoin (BTC), thus offering cheap settlements. Volatility was a highly discussed topic in the cryptocurrency realm. It is one of the main reasons that made investors fear owning cryptos. Terra seeks to change that, by using fiat-pegged stablecoins. They would keep a “one stablecoin to one fiat” peg through a proprietary algorithm that automatically adjusts stablecoin supply based on its demand. This is feasible thanks to their token LUNA, which provides liquidity, price stability, and is easily swappable to other stablecoin at profitable exchange rates.

--> Click here to Buy LUNA <--

The Terra project recently updated its infrastructure and pushed updates to its protocol. The updates tackled how users reported their taxes in compliance with international standards. This would definitely add another layer of comfort to users and investors. Many analysts are optimistic about Terra, being able to provide price stability and a strong contender in cross-border payments in a highly volatile crypto environment.

On the other hand, Terra is facing some debacles with the SEC similar to Ripple. The SEC claims that Terra is selling unregistered securities, whereas Terra claims that this is not the case and cryptos can't be considered as such.

In the past 24 hours, LUNA prices soared by more than 30%. This price jump broke the upper parallel uptrend channel and recorded a new all-time high price of USD 85. On the other hand, we can definitely expect an adjustment in the short term, specifically back to the USD 60 area.

In figure 1, we can clearly see how prices became overbought, and potential profit-taking might occur anytime soon. It is advisable to wait for a better entry and Buy LUNA at lower prices. Professional traders time their entries and wait patiently without following any hype. When it is too late to buy in, we shouldn't even consider buying.

In the past 24 hours, most cryptocurrencies saw an adjustment upwards following the heavy crash. LUNA was the top performer with a 30% price jump. GALA and LPT came in after with highs of 28% and 23% respectively.

1- Bitcoin (BTC) : + 3.36 %

2- Ether (ETH) : + 6.10 %

3- Binance Coin (BNB): + 6.63 %

4- Tether (USDT) : 0 %

5- Solana (SOL) : + 1.94 % 

6- Cardano (ADA) : + 0.95 %

7- USD Coin (USDC) : + 0 %

8- Ripple (XRP) : + 8.82 %

9- TERRA (LUNA): + 30.6 %

10- Polkadot (DOT) : + 0.81 %

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