Luna Coin Cryptocurrency Forecast
A very strong day for Luna Coin cryptocurrency price on Saturday
(Updated on Apr 27, 2024)
The Luna Coin cryptocurrency price gained 574,023.74% on the last trading day (Saturday, 27th Apr 2024), rising from $0.0001 to $0.621. During the last trading day the cryptocurrency fluctuated 7.16% from a day low at $0.613 to a day high of $0.657. The price has been going up and down for this period, and there has been a 1.97% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 million more shares were traded than the day before. In total, 11 million shares were bought and sold for approximately $6.54 million.
The cryptocurrency lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the cryptocurrency is expected to rise 32.92% during the next 3 months and, with a 90% probability hold a price between $0.0052 and $1.82 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LUNAUSD Signals & Forecast
The Luna Coin cryptocurrency holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the cryptocurrency has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $0.181 and $0.250. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -50.49%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Luna Coin cryptocurrency
Luna Coin finds support from accumulated volume at $0.615 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This cryptocurrency may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this cryptocurrency is considered to be "very high risk". During the last day, the cryptocurrency moved $0.0439 between high and low, or 7.16%. For the last week, the cryptocurrency has had daily average volatility of 8.49%.
Our recommended stop-loss: $0.583 (-6.02%) (This cryptocurrency has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (LUNAUSD) For The Upcoming Trading Day Of Sunday 28th
For the upcoming trading day on Sunday, 28th we expect Luna Coin to open at $0.631, and during the day (based on 14 day Average True Range), to move between $0.188 and $1.05, which gives a possible trading interval of +/-$0.433 (+/-69.68%) up or down from last closing price. If Luna Coin takes out the full calculated possible swing range there will be an estimated 139.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.615 (0.97%) than the resistance at $0.679 (9.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Luna Coin cryptocurrency A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Luna Coin cryptocurrency to perform well in the short-term. We have upgraded our analysis conclusion for this cryptocurrency since the last evaluation from a Sell to a Buy candidate.
Current score: 2.524 Buy Candidate Upgraded
Predicted Opening Price for Luna Coin of Sunday, April 28, 2024
| Fair opening price April 28, 2024 | Current price |
|---|---|
| $0.631 ( 1.56%) | $0.621 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUNAUSD
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.674 | 8.63 % | |
| R2 | 0.658 | 5.93 % | ||
| R1 | 0.647 | 4.26 % | ||
| Current price: | 0.621 | |||
| Support | S1 | 0.614 | -1.14 % | |
| S2 | 0.603 | -2.81 % | ||
| S3 | 0.587 | -5.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.743 | 19.68 % | |
| R2 | 0.688 | 10.89 % | ||
| R1 | 0.679 | 9.42 % | ||
| Current price | 0.621 | |||
| Support | S1 | 0.615 | -0.97% | |
| S2 | 0.609 | -1.93% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Luna Coin Cryptocurrency.
