Terra LUNA: Positive and Negative Price Predictions for July 2022

After the decimation of the original Terra stablecoin ecosystem and its sister token, LUNA, the LUNA 2.0 is dancing to the tunes of the bears and bulls. Due to high volatility, there is no clear way to predict which way Do Kwon’s project is going. Let’s look at Terra LUNA crypto price prediction for July 2022.

An Analysis on Terra LUNA Future in July

Terra (LUNA) has amazed investors with its bullish breakout, considering that most other cryptos are not doing so well.

Last week, the LUNA token went opposite to the flow of the market. While other cryptos hit a soft patch and rallied to recover losses, LUNA’s price stayed put.

It would be interesting to see whether LUNA closes on a profitable note on Sunday. It does seem unlikely, though, given the fragile market sentiments.

As the EU and regulatory frameworks are causing problems, the market sentiments might turn negative. LUNA’s price is striving to hold on to its slim gains seen at the start of this week.

We can expect a bullish candle to form if Sunday trading leads to some miracle. Despite the prospect of a bullish candle being formed, there is also some risk due to measures taken by the EU.

Just like the US, the European Union announced it would restrict overtly passionate events related to crypto. And this could be bad for LUNA.

Despite sharing no direct correlation with Bitcoin, the new Terra project could still be impacted by the movement of the king coin.

Negative Side Prediction for July: LUNA can see its purple patch fade quickly as we move into next week. There will be a test at $1.63 (low of mid-June), and LUNA price might divert to the $1 mark.

Positive Side Prediction for July: A drop in volume could entice bulls to seize the moment and drive the price higher towards $4.

Comparing both negative and positives, an optimistic outlook seems less probable given the fact that RSI for LUNA still shows oversold.

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In July, Terra LUNA can go in two directions. It can be either pulled towards the low of $1 or see some bull’s action and start its journey towards the $4 mark. Although there is no direct correlation between Bitcoin and Terra LUNA, the new Terra project could also be affected by the movement of the king coin. These were our Terra Luna price predictions for July 2022.

Terra LUNA Positive and Negative Price Predictions for July 2022
Terra LUNA Positive and Negative Price Predictions for July 2022

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