LUNA jumps 7% as prices struggle to breach $100 resistance

LUNA price analysis for April 26, 2022, comes on a bullish note for the token as the prices for the token have jumped 7% in the last 24 hours. It seems that the bullish outburst for the token might continue in the near future once the price action breaks above the $100 price resistance and aim for new all-time highs as well. Moreover, as noted in our LUNA price analysis for April 25, 2022, the token was able to maintain prices above $90 as bulls aimed for the $95 price level which has been reclaimed.

It is also important to note that data from CoinMarketCap shows that the trading volume for LUNA has surged by 34.64% in the last 24 hours, followed by a 7.37% surge in the Market Cap. On the other hand, the Volume / Market Cap Ratio for LUNA stands at 0.07384, and the Market Dominance of the token rose to 1.79%.

The daily candle for LUNA opened at a price of $96.95 and reached a daily high of $97.35. Furthermore, the daily low for the token stands at $94.98, while the price of 1 LUNA at the time of writing is $96.12.

LUNA price analysis for April 26 on the daily chart

LUNA price analysis for April 26 will aim to predict the future prices for the Terra platform’s native token using the data from the chart below. 

Source: TradingView

The RSI indicator reads a value below 54 which confirms that the bulls are currently in charge of the price action and higher prices will follow.

The MACD indicator shows that the MACD line has broken above the signal line confirming a bullish divergence for LUNA as the MACD histogram turned green.

The price action for the token has broken into the bullish region of the Bollinger Bands which further means that buying pressure is very high.

Conclusion

LUNA price analysis for April 26, 2022, ends on a bullish note for the token as chances of breaking $100 remain considerable.