The bullish region of LUNA continues with new ATH at $117

LUNA has continuously maintained its stance as one of the most bullish tokens in the crypto space breaking barriers and making new ATHs at the same time. On the other hand, the entire market is also recovering. The token has been performing incredibly well and in the last 24 hours, it made a new all-time high at $117. TheCoinRise noted in our LUNA price analysis for April 1, 2022, that the token returned to $100 but turned bullish to make a new ATH. 

It is also important to note that data from CoinMarketCap shows that the trading volume for LUNA has dropped by 29.91% in the last 24 hours, followed by a 2.24% drop in the Market Cap. On the other hand, the Volume / Market Cap Ratio for LUNA stands at 0.05422, and the Market Dominance of the token surged to 1.87%.

The daily candle for LUNA opened at a price of $112.87 and reached a daily high of $115.65. Furthermore, the daily low for the token stands at $111.59, while the price of 1 LUNA at the time of writing is $113.78.

LUNA price analysis for April 4 on the daily chart

LUNA price analysis for April 4 will take into account all the data from the daily chart below which has 3 of the major indicators on the daily chart below.

Source: TradingView

The RSI indicator reads a value of 66.77 which means that the token is currently bullish and the chances of bulls remaining in control are high. 

The MACD indicator shows that the MACD line is above the signal line and both are far apart hinting that the bullish trajectory of LUNA might continue.

The price action failed to break out from the upper end of the Bollinger Bands which confirms that the token lacks bullish volume to move up. 

Conclusion

The LUNA price analysis for April 4, 2022, ends on a bullish note for the token which continues to make new all-time highs.