Terra Price Prediction: LUNA Pumps 8% As This New Solana Layer-2 Meme Coin Charges Toward $9 Million In Presale
The Terra price has pumped 8% in the last 24 hours to trade at $0.5005 as of 12:30 a.m. EST on a 538% jump in trading volume to $158 million. This price surge follows a recent pullback from the $0.8025 resistance level, which triggered a decline to the $0.4115 support zone. The rebound from this region signals a resurgence in bullish sentiment. Terra Price Bounces On A Strong Support The LUNA/USDT pair on the daily timeframe is trading at $0.5005, experiencing a slight pullback while remaining firmly supported within the key $0.40 to $0.41 support zone. The 50-day moving average (MA) is currently at $0.5096, slightly above the price, while the 200-day moving average at $0.4070 provides additional long-term support. The golden cross formed in late 2023, where the shorter-term 50-day SMA crossed above the longer-term 200-day SMA, is a significant bullish indicator, often signaling the potential for a sustained uptrend. However, for this signal to translate into higher p...