Amid the uncertain environment, the cryptocurrency market is showing some chance of sustaining a significant uptrend. Since last week, Terra (LUNA) witnessed a couple of magnificent spikes that showed the asset trending towards $100. Currently, the asset after a slight pullback is back on track towards the slightly higher target of just $100. LUNA price is currently experiencing a huge uptrend after forming a couple of bearish hammers, the price recorded a large bullish candle. There are currently a lot of crazy bets being made on the asset that is more focused on its fundamentals. Despite having suffered multiple pullbacks, the asset is one of the bullish assets over time. And thus, the asset is poised to hit not just a 3-digit figure, but much more.
#MOON respected the 50% Fibonacci level and created a higher low. This could be the beginning of the impulsive move, and the first target where we can see a higher high being created is around $110. pic.twitter.com/53l9iCPMB7— Bitcoinsensus (@Bitcoinsensus) March 14, 2022
LUNA price, as mentioned in the figure above, maintains a notable uptrend, reaching the required resistance levels. Also, LUNA price, as mentioned, tested the 0.5 FIB levels gracefully and is currently heading towards the next levels at the 0.23 FIB levels and is hovering around $110. And hence, with another wave of positive momentum, LUNA price can continue in a range high towards $125, which is the next level for the asset.
Taken as a whole, the price of Terra (LUNA) seems to be extremely bullish as of late, which may force the asset to maintain a noticeable uptrend in the coming days. Once the asset experiences a significant rise, the possibility of the asset exploding is imminent. Therefore, the possibility of the asset lighting up a significant high season for the year 2022 as well. Disclaimer: The information found on CryptoReport is that of the cited writers. It does not represent the opinions of Criptoinforma on whether to buy, sell or hold investments. You are advised to conduct your own research before making any investment decisions. Use the information provided at your own risk. See the Legal Notice for more information.
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