Terra LUNA price prediction, Is Luna a good investment?

Is Luna a good investment?

The price forecast for Terra LUNA remains as stated in our previous article. The price is still trading in the same range and failed to break $0.000115. This level is a major obstacle to the positive impact of LUNC prices. At the time of writing, the price is trading at $0.00001 after gaining 1.6% in the last 24 hours.

As of Monday morning, Bitcoin's price crossed last week's high and is now trading at $24,148. Many coins also show similar activity. Investors expect another strong rally in the market as BTC returns to $25k.

However, Terra LUNA's price is still lagging behind most altcoins in terms of returns. Many retail investors still hold LUNC funds after the UST collapse. Such investors are gradually withdrawing from the LUNA Classic portfolio, increasing the selling pressure in the market.

According to Terra LUNA, activity on the LUNA legacy has decreased since the launch of LUNA 2.0. Many projects are in new chains and many are in transition. The growth of the old chain seems to have come to a halt at this point.

Terra LUNA price forecast

The technical analysis of the LUNA USD chart is very simple. The money fell in an accident, but since then he has had no grip. The price appears to have found support at $0.000086 as it bounced back twice. The only hope for the bulls is an early break at $0.0000115 or a return to the $0.000086 support.

A break above $0.000115 could hit our short-term price target of Terra LUNA at $0.000136. However, breaking $0.000086 could be another bad move. Therefore, it can be used effectively as a stop loss in long-term trading. You can buy LUNA and LUNC through crypto exchanges such as Binance, Kucoin, and BYBIT.