Terra (LUNA) pulled back slightly over the weekend after a steady run-up, but the coin still appears to have considerable upside potential. Based on current momentum and chart structure, a meaningful rally in the coming weeks remains likely. Key points:
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Terra (LUNA) could reach $150 in the near term.
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Despite the recent pullback, indicators still point to positive momentum for the coin.
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A rise to $150 would represent roughly a 40% gain from current price levels.
Data source: TradingView
Why $150 for Terra (LUNA) is a reasonable target
Broad cryptocurrency strength over the past two weeks has improved investor sentiment, and LUNA has been part of that move higher. While there was concern that major coins could suffer a larger pullback, that scenario did not materialize. After a modest dip on Friday, most major coins, including LUNA, quickly regained upward momentum.
Since the start of March, LUNA has made three higher highs and three higher lows. Equally notable is the ascending trendline visible on the chart.
Although an upward wedge formed between rising lows and higher highs can sometimes precede weakness, the prevailing bullish momentum suggests LUNA is more likely to break the wedge to the upside. A successful breakout could produce a sizeable move that pushes the price above $150 within several weeks.
Is now a good time to buy Terra (LUNA)?
For short-term traders, the setup carries a moderate level of risk but also offers the potential for roughly 50% gains. An ideal entry—based on the current structure—would be near $105, holding with a target around $150 for profit-taking.
For long-term investors, buying now could allow participation in the expected near-term rally while maintaining exposure for further upside. As always, position sizing, stop-loss discipline, and an understanding of your risk tolerance are essential when trading or investing in volatile assets like LUNA.