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Terra Price Prediction – Will LUNA Price Hit $200 in 2022?

  • Bullish LUNA price prediction ranges from $4.80 to $117.95.
  • The LUNA price might also reach $200 soon.
  • LUNA’s bearish market price prediction for 2022 is $1.85.

This Terra Luna 2.0 Price Prediction 2022 article is based on technical analysis alone. Below, you will see the key metrics that we have taken into consideration upon coming up with our Terra price analysis and prediction.

Terra (LUNA) is one of the most active cryptocurrencies that took the crypto world by storm this year. After its market implosion, it was rebranded to Terra Luna 2.0 while the old Terra Luna is now called Terra Luna Classic (LUNC).To be specific, the crypto was able to achieve an all-time-high price of $19.54 on May 28, 2022. This amazing performance of Terra enables the network to attract crypto investors around the world.

Among the cryptocurrencies that are rallying this year, LUNA is perhaps one of the most surprising for some. It is not directly related to Bitcoin, nor is it the most hyped cryptocurrency today. But for those that are aware, LUNA has been around since 2019.

In this Terra price analysis and price prediction, we take a look at the performance of Terra if it will reach $200. But before that, let us learn more about what Terra (LUNA) is and its current position in the crypto market.

What is Terra (LUNA)?

Terra is a blockchain protocol that utilizes fiat-pegged stablecoins in order to offer price-stable global payments systems. As per the white paper, Terra joins the price stability and huge adoption of fiat money with the censorship-resistance of Bitcoin (BTC) and provides fast and affordable settlements.

Moreover, the development on Terra started in January 2018, and its mainnet officially started in April 2019. As of September 2020, it provides stablecoins pegged to the USD, South Korean won, Mongolian tugrik, and the International Monetary Fund’s Special Drawing Rights basket of currencies and it intends to roll out additional choices.

In addition, Terra’s native token, LUNA, is utilized to stabilize the price of the protocol’s stablecoins. More so, the LUNA holders are also able to submit and vote on governance proposals.

Terra (LUNA) Current Market Status

Terra remains to be one of the most aggressive cryptocurrencies nowadays. According to CoinMarketCap, the Terra price is $2.25. However, Terra recorded an 11.35% decrease in the last 24 hours.

In terms of its market standing, Terra’s market capitalization amounts to almost $287,430,708 with a 24-hour trading volume of over $292,628,920. As a result, the crypto ranks as one of the top 220 cryptocurrencies in CoinMarketCap.

Currently, the top crypto trading platforms for LUNA are Binance, OKEx, and Huobi Global. With all these achievements, we can say that Terra has come a long way in developing its technology throughout the years.

Terra (LUNA) Price Analysis 2022

Currently, LUNA holds 220th place on CoinMarketCap. But will the latest upgrades, development, and changes in the LUNA blockchain help the cryptocurrency price to reach higher? Let’s proceed to the charts in this LUNA price prediction article.

LUNA/USDT 1Day Chart Showing Keltner Channel (Source: Tradingview)

Keltner channel is a technical analysis indicator that is used to determine trend directions by measuring the volatility above or below the candlesticks. From the Keltner Channel signals for LUNA/USDT, it could be seen that the present gain could continue since the last candlestick is still below the first part of the curve from the bottom. This shows that the present uptrend in the price of Terra Luna 2.0 (LUNA) might not be sustained for some days before any reversal would be expected.

LUNA/USDT 1Day Chart Showing Relative Strength Index (Source: Tradingview)

The Relative Strength Index (RSI) measures the relative momentum in the magnitude of recent price changes so as to deduce oversold or overbought assets. The RSI value of LUNA/USDT 1day chart is 26.18. This shows that Terra is showing a weak trend since it is between 0 and 30. This value is triggering a bullish run already since it seems that more buyers are repositioning as the value is moving towards the 30 RSI value which is the oversold region.

LUNA/USDT 1Day Chart Showing 200-MA and 100-MA (Source: Tradingview)

From the 200 days and 100 days moving averages for Terra (LUNA), it could be seen that LUNA would go bullish in the long term since the 200-day moving average is above the 100-day moving averages. Hence, long-term investors could recover some part of their investments that had been lost in recent weeks due to crypto winter.

Terra (LUNA) Price Prediction 2022

The chart below shows that Terra (LUNA) has performed great over the past few days. Moreover, the LUNA price shows a bullish trend and has gained 18.7% in the past 7 days. If this trend continues, LUNA might run along with the bulls, overtaking its $4.80 resistance1 level and moving even higher to $117.95 at the resistance10 level, the 2022 bullish signal.

LUNA/USDT 1Day Chart Showing the Key Levels (Source: Tradingview)

Conversely, if the investors turn against the crypto, the bears might take over and push Terra from its uptrend position. In simpler terms, the price of LUNA might decrease to almost $1.85, a bearish signal.

Meanwhile, our long-term Terra price prediction for 2022 is bullish. Even more, it has a low possibility of reaching a new all-time high this year. However, that will only happen if it breaks past a number of psychological resistances.

Terra (LUNA) Price Prediction 2023

If this bullish trend continues, Terra will reach $350 by the end of 2023. Moreover, the first half of 2023 is going to show fast growth, up to $300. Then this rise will slow down, but no major falls are expected. With upcoming, partnerships, and developments reaching $350 is quite optimistic in the price point of view but undoubtedly feasible for the near future.

Terra (LUNA) Price Prediction 2024

If LUNA holds the support level around 200-MA, the long-term moving average of 200 days firmly, buyers will then have ample time and stability to forge the next attack mission on the vital level at $500, making it not plummet but play consistently .

Terra (LUNA) Price Prediction 2025

As per the latest upgrades, developments, Terra price prediction, and new project forecasts of the platform, Terra investors could expect more partnerships and integrations around 2025. Moreover, this might boost the price of Terra in the crypto market, and it will be the best investment as the price can spike and reach around $750.

Terra (LUNA) Price Prediction 2026

In the next four years, Terra prices could race up to $900. However, reaching this level could not be so difficult for Terra as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Terra has a high possibility of reaching a new ATH soon in the next five years as per the prediction.

Terra (LUNA) Price Prediction 2027

As per the latest upgrades, developments, Terra price prediction, and new project forecasts of the platform, Terra investors could expect more partnerships and integrations around 2027. Moreover, this might boost the price of Terra in the crypto market, and it will be the best investment as the price can spike and reach around $1200.

Terra (LUNA) Price Prediction 2028

In the next six years, Terra prices could race up to $1500. However, reaching this level could not be so difficult for Terra as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Terra has a high possibility of reaching a new ATH soon in the next six years as per the prediction.

Terra (LUNA) Price Prediction 2029

As per the latest upgrades, developments, Terra price prediction, and new project forecasts of the platform, Terra investors could expect more partnerships and integrations around 2029. Moreover, this might boost the price of Terra in the crypto market, and it will be the best investment as the price can spike and reach around $2000.

Terra (LUNA) Price Prediction 2030

In the next eight years, Terra prices could race up to $3000. However, reaching this level could not be so difficult for Terra as additional medium, short-term, and long-term price targets could be found to purchase or sell orders. This indicates that Terra has a high possibility of reaching a new ATH soon in the next eight years as per the prediction.

Conclusion

Terra has a bright future ahead of it in 2022. With ongoing developments happening within the Terra ecosystem, as well as in the overall crypto market, we may see Terra reach new heights.

Even more, the bullish Terra price prediction for 2022 is $117.95. As said above, it may even reach a new ATH if investors have decided that Terra is a good investment in 2022 along with mainstream cryptocurrencies like Bitcoin and Ethereum. Moreover, it has a chance to reach $200 in the latter parts of this year as well.

FAQ

What is LUNA?

Terra is a blockchain protocol that utilizes fiat-pegged stablecoins in order to offer price-stable global payments systems. LUNA is its native token.

Is Terra worth buying?

Terra’s native asset Terra is a good investment in 2022. However, cryptocurrency traders and investors need to take extra care when trading in cryptocurrencies, as these are extremely volatile.

Will Terra reach $200 in 2022?

To answer the question, Yes, Terra may reach $200 in the years to come but not now. In order to do that Terra must be able to increase its market capitalization and continue to burn its tokens.

How to buy Terra?

The tokens can be bought in different cryptocurrency exchanges. For example Huobi, Bitfinex and Upbit to name a few. Moreover, Terra will soon be listed on all the top crypto exchanges.

What will be the Terra price by 2023?

Terra (LUNA) price is expected to reach $350 by 2023.

What will be the Terra price by 2024?

Terra (LUNA) price is expected to reach $500 by 2024.

What will be the Terra price by 2025?

Terra (LUNA) price is expected to reach $750 by 2025.

What will be the Terra price by 2026?

Terra (LUNA) price is expected to reach $900 by 2026.

What will be the Terra price by 2027?

Terra (LUNA) price is expected to reach $1200 by 2027.

What will be the Terra price by 2028?

Terra (LUNA) price is expected to reach $1500 by 2028.

What will be the Terra price by 2029?

Terra (LUNA) price is expected to reach $2000 by 2029.

What will be the Terra price by 2030?

Terra (LUNA) price is expected to reach $3000 by 2030.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

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