It was on November 28, 2021, when the price of Terra (LUNA) managed to make an upward movement. As a result of the move, the average price for LUNA experienced an uptrend. This helped the price of LUNA earn momentum. The price of LUNA continued growing higher from that point.
From November 28, 2021, there was a huge surge in the price of LUNA. It constantly grew higher in price and by November 30, 2021, the price of LUNA grew significantly. The trend on November 30, 2021, for LUNA, managed to hit an all-time high. On November 30, 2021, LUNA managed to hit an all-time high of $60.07 per LUNA.
At that time, it was an indication of the uptrend of LUNA. It suggested that the price of LUNA would continue growing higher and achieve new heights in the upcoming days. The continuous investment from the bulls kept the price of LUNA at a high trend.
The constant support and backing from the bulls continued pushing the price of LUNA to an all-time high. On the other hand, the bears have been trying hard to pull the price of LUNA to a low figure. They have made all the efforts to push down the price of LUNA.
It has been predicted by analysts that the price of LUNA may continue to grow higher. It may continue growing and following the rallies and growth, its price may rise all the way up to an all-time high of $85.07 per LUNA.
Apart from a high trend, the analysts have also predicted that the price of LUNA may move towards a downtrend in the upcoming days. The analysts predict that the price of LUNA may end up experiencing a dip after going through all the rallies.
After the higher levels, the price of LUNA may start moving in the downward direction. The downward performance graph for LUNA shows that in the upcoming days, the price of LUNA may start declining.
The report suggests that the price of LUNA may move towards a downslope. The data suggests that the price of LUNA may go all the way down to $51 per LUNA. The performance graph for LUNA suggests that it is the 20-day EMA that LUNA may experience in the upcoming days.
If the sentiments of the investors remain positive around LUNA, then the investors will continue investing in LUNA. However, if the price of LUNA rebounds and the bulls lose their sentiments, the price of LUNA may fall below the 20-day EMA.
If that happens, then the price of LUNA may fall below the $51 per LUNA figure, triggering another mass sale for the digital asset.