LUNA price analysis for April 22, 2022, comes on a bearish note for the token, although chances of making new highs in the coming days seem considerable. Moreover, the token was successful in its efforts to make new higher highs after rebounding from the $80 price region. It found support at the $94 for a while, but the bears prevailed, and the token lost this price region. As noted in our LUNA price analysis, April 21, 2022, failed to break past the $95 price region.
It is also important to note that data from CoinMarketCap shows that the trading volume for LUNA has surged by 19.93% in the last 24 hours, followed by a 1.41% drop in the Market Cap. On the other hand, the Volume / Market Cap Ratio for LUNA stands at 0.07693, and the Market Dominance of the token rose to 1.74%.
The daily candle for LUNA opened at a price of $90.80 and reached a daily high of $93.75. Furthermore, the daily low for the token stands at $90.54, while the price of 1 LUNA at the time of writing is $93.50.
LUNA price analysis for April 22 on the daily chart
LUNA price analysis for April 22 will consider the data from the daily chart below, which includes 3 of the biggest indicators in the TA space.
The RSI indicator reads a value below above 51, which confirms that bulls are in control and the token might continue to make higher prices in the near future.
The MACD indicator shows that the MACD line is touching the signal line, and a bullish divergence has been confirmed for LUNA.
The price action for the token aims to break into the bullish zone of the Bollinger Bands and is currently testing the middle zone of the Bands.
Conclusion
LUNA price analysis for April 22, 2022, ends on a bullish note with chances of reclaiming the $94 price level and making a move towards $100.
