Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Cryptopolitan 2021-09-26 08:00:37

Terra Price Analysis: LUNA tests $40, but corrects downwards to $37

TL;DR Breakdown Terra price analysis is bullish for today.LUNA/USD found support at $36 again.LUNA is set for a higher swing today For today, the Terra price analysis is favourable since a consolidation above the $34 support was observed overnight. As a result, we expect LUNA/USD to rise further over the next 24 hours and regain some of the losses incurred earlier this week. Over the last 24 hours, the market fluctuated in a mixed manner. Bitcoin and Ethereum are both slightly up, with 1.32 and 0.2 percent gains, while Solana (SOL) continues to dominate the market with a 14 percent increase. Terra price movement in the last 24 hours: Terra retraces to $34, forms consolidation overnight The LUNA/USD pair is locked in a tight range of $34.11 to $36.30 over the last 24 hours, yet there’s no sign of significant movement during that period. Volumes have tumbled by 35.27 percent, with $807.78 billion worth of transactions compared to a market capitalization of $14.18 billion. Zooming in on today’s price action, we can see a small consolidation at strong support of $34 after an attempt to break through resistance at  $36 was foiled. There’s not much of an effort to break above $36, which means that the market is likely to continue retracing to $34/35 for another attempt at breaking out of resistance at $36. When is breakout likely? Given the strength of support at $34, today’s analysis is bullish. LUNA/U...

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.