As the name suggests, a moving average provides the average closing price for LUNA over a selected time period. Moving averages are among the most popular Terra price prediction tools. When trying to predict the Terra price, traders also try to identify important support and resistance levels, which can give an indication of when a downtrend is likely to slow down and when an uptrend is likely to stall. These tools can roughly be divided into indicators and chart patterns. Terra traders use a variety of tools to try and determine the direction in which the LUNA market is likely to head next. In the last month, the LUNA/USD pair is down. To get a better idea of what could happen to the Terra price in the future, it’s helpful to also explore Terra’s price history.
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