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LUNA is consolidating between $85 and $95 at the moment
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As of writing, the coin trades at $83.88, down roughly 6% over 24 hours
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LUNA must break $95 for any realistic run above $100
For the second consecutive day, Terra (LUNA) opened in the red. Earlier in March the price made several bullish moves, but momentum has cooled recently. Still, LUNA is approaching an important resistance zone — can it push past $100?
Source: TradingView
Terra (LUNA) – How soon could it reach $100?
At present, the crypto market appears to be stabilizing after intense volatility over recent weeks, though the broader headwinds that dampen sentiment remain. Inflationary pressures persist and geopolitical tensions in Europe could limit the global economic recovery.
That said, there may be buying opportunities for investors who have watched prices consolidate over the past three weeks. For LUNA, the key level to clear is $95. In recent days the token has been trading between $85 and $95.
A close above $95 would likely generate enough momentum to push the stablecoin platform’s token above $100. Momentum indicators, including the RSI, are currently biased lower, however. We could see a pullback toward the 50-day simple moving average near $75 before any renewed advance.
Why LUNA could be a compelling investment
Terra (LUNA) underpins a stablecoin ecosystem that has become increasingly integrated with the broader crypto market. It is often viewed as a building block for next-generation stablecoins, which gives it significant investment potential.
LUNA experienced a sharp decline in 2022 but many analysts expect a recovery over time. If you have not yet added it to your portfolio, this consolidation phase could present a strategic entry point to consider — always with appropriate risk management and research.