Terra (LUNA) Price Prediction: Will LUNA Price Hit $3.5 in 2022?

• LUNA price prediction ranges from $3.0052 to $1.9803.
• LUNA price might also reach $3.5 this 2022.
• LUNA’s bearish market price prediction for 2022 is $2.0459.

Terra is an open-sourced blockchain project supporting decentralized applications (DApps) development. Its native token is called LUNA. 

Terra investors are bullish on the token, although the value of their investment has decreased by over 90% in the past six months. The present all-time high (ATH) price of LUNA is $19.54, attained in May 2022 after a market implosion. Irrespective of the recent crypto winter, LUNA investors are confident that the future of LUNA is bullish.

If you are interested in the future of Terra (LUNA) and want to know the price analysis and price prediction of LUNA for 2022, 2023, 2024, 2025, 2026, and up to 2030, keep reading this Coin Edition article?

What is Terra (LUNA)?

Terra is an open-sourced blockchain project that helps develop decentralized applications. The present Terra (LUNA) in the market is called Terra 2.0. Terra 2.0 came into existence after Terra Classic (LUNC) was rebranded to settle some of the losses incurred by its investors doing the market implosion in May 2022. Do Kwon is the founder of Terra. 

With the support of Terra Station, a private wallet for Terra tokens, users can earn rewards for staking their LUNA tokens. Users can also transfer their Terra tokens to other users or an address from a centralized exchange. The staked LUNA helps validators carry out the Terra chain’s governance.

Terra blockchain uses the proof of stake consensus mechanism powered by Cosmos SDK, though it uses Tendermint Consensus to verify transactions.

Terra (LUNA) Current Market Status

The maximum supply of Terra is unknown, while its circulating supply is 127,475,474 LUNA, according to CoinMarketCap. At the time of writing, LUNA is trading at $2.39, representing a 24 hours decrease of 0.32%. The trading volume of Terra in the past 24 hours is $89,550,323.39, representing a 51.45% decrease.

Some top cryptocurrency exchanges for trading Terra (LUNA) are Binance, Huobi Global, Kraken, Poloniex, Gate.io, Kucoin, and others.

Now that you know what Terra is and its current market status, we shall discuss the price analysis of Terra (LUNA) for 2022.

Terra (LUNA) Price Analysis 2022

Currently, Terra is ranked in the 105th position on CoinMarketCap. Will developments and upgrades within the Terra community lead to rising in the price of Terra (LUNA)? We shall see this in this Coin Edition price analysis 2022 article.

Terra (LUNA) Price Analysis – Keltner Channel

Keltner Channel is a technical analysis indicator used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for Terra (LUNA), it could be seen that the price has been retracing back to the $2-$2.5 level ever since the price increase from September 9 to September 14. The price is in the second half of the Keltner Channel, meaning that more people are unloading LUNA rather than buying it. . Also, since the last candlestick is bearish, the present decrease in the price of LUNA might be sustained before any reversal would be expected.

Terra (LUNA) Price Analysis – Relative Strength Index

The Relative Strength Index (RSI) is a technical analysis indicator that measures the relative momentum in the magnitude and speed of recent price changes of an asset to deduce if it is an oversold or overbought asset. The RSI value of Terra (LUNA) 1day chart of LUNA/USDT is 41.45.  This shows that LUNA isn’t having a strong trend anymore, as a strong trend needs to have an RSI value between 50 and 70. Investors should wait for a few 

Terra (LUNA) Price Prediction – Moving Averages

The chart above shows the 4-Hour LUNA 200-day and 50-day Moving Average (MA) chart. LUNA is on a bearish trend, having small retraces after the recent uptrend. Since the 200-MA is above the 50-MA, we can deduce the price is bullish for long-term hodlers. 

Also, since the gap between the moving averages is getting small and within the recently formed candlesticks, the price of Terra (LUNA) might experience a big rise or fall in the future.

Terra (LUNA) Price Prediction 2022

Looking at the 4-Hour chart of LUNA/USDT, LUNA price was swinging from $3.1498 resistance to $2.0035 support after touching $2.2105. $2.2105 has become the current support level. And the price is now swinging between its strong resistance and support levels.

Meanwhile, our long-term LUNA price prediction for 2022 is bullish since it cannot break the present support level. We can expect LUNA to reach $3 in 2022.

Terra (LUNA) Price Prediction – Resistance and Support Levels

This bullish chart shows that the price of LUNA has been swinging between $2.23 to $2.53. If LUNA is able to break out of the triangle and rise higher, LUNA could break $2.9224 and move higher to $3.0406, and even higher, the bullish signal for 2022.

However, if sellers have their way, the price of LUNA might be dethroned from its present uptrend position. In simpler terms, LUNA might trend below the $2.0459 support1 level and even lower in 2022, a bearish signal.

Terra (LUNA) Price Prediction 2023

Terra (LUNA) could end the year 2022 with a relative strength index (RSI) value that is more than 50. This shows that the trend is strong and bullish it will trade above $3 by the end of 2022. Hence, we could expect the price of Terra to surge to at least $5 by the end of 2023 with more adoptions of its proof of stake (PoS), which is supported by the Tendermint consensus.

Terra (LUNA) Price Prediction 2024

There will be Bitcoin halving in 2024. Hence we should expect a positive trend in the market due to user sentiments and the quest by investors to accumulate more of the coin. Since the Bitcoin trend affects the direction of trade of other cryptocurrencies, we could expect LUNA to trade at a price not below $7.4468 by the end of 2014.

Terra (LUNA) Price Prediction 2025

We should expect the price of LUNA to trade above its 2024 price due to the possibility of most cryptocurrencies breaking more psychological resistance levels due to the Bitcoin halving of the previous year. Hence, LUNA could end 2025 by trading at around $10.9089.

Terra (LUNA) Price Prediction 2026

Since the maximum supply of LUNA has already been accumulated, it is possible that the bearish market that follows a strong bullish run will have little impact on its previous price due to the entrance of more institutional investors to its platform. With this, the price of LUNA could break the normal trend and trade at $16.0651 by the end of 2026.

Terra (LUNA) Price Prediction 2027

Investors expect a bullish run next year, 2028, due to Bitcoin halving. Hence, the price of LUNA could consolidate on the previous gains and even break more psychological resistance levels due to investors’ positive sentiment. Hence, LUNA could trade at $20.4421 by the end of 2027.

Terra (LUNA) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. It is, therefore, possible that the market could attain a higher high value. Terra (LUNA) could hit $27.5247 by the end of 2028.

Terra (LUNA) Price Prediction 2029

By 2029, there could be a lot of stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing lessons learned to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin halving, could surge the price of LUNA to $34.6073 by the end of 2029.

Terra (LUNA) Price Prediction 2030

The cryptocurrency market experiences high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Terra (LUNA) to trade around $53.8886 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the previous years.

Conclusion

As mentioned above, LUNA might reach $3.5 in 2022 and $53.8886 by 2030 if investors decide that LUNA is a good investment along with mainstream cryptocurrencies like Bitcoin and Ethereum.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

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