Cryptopolitan
2021-09-14 03:36:45

Terra Price Analysis: Luna retraces to $36 low after touching ATH yesterday

TL;DR Breakdown Terra price analysis is bearish for today.LUNA/USD retraces after peaking its ATHLUNA is set to retest the $38 support. Terra price analysis indicates bearish price action momentum to follow later today as the market peaked around $38 earlier today and currently declined back to $36 support. Therefore, we expect LUNA/USD to decline further and retest a lower price region. The September 7 long tail indicates aggressive bulls who are buying each LUNA dop – this could continue and bring in more buyers if the coin falls below $33. Cryptocurrency heat map. Source: Coin360 The overall market traded in with mixed signals after some coins recorded gains while others posted losses. Bitcoin and Ethereum gained 0.25 percent and 0.21 percent respectively. Market losers include XRP, ADA, BNB, and SOL. Terra price movement in the last 24 hours: Terra spikes to $43, bears take over again LUNA/USD traded in a range of $36 – $38, indicating strong volatility over the last 24 hours. Trading volume has fallen by 10.81 percent and totals $1.52 billion, while the total market cap trades around $14 billion, ranking the coin in 11th place overall. LUNA/USD 4-hour chart: LUNA set to retest the $38 support? On the 4-hour chart, we can see the Terra price action declining again as bulls prepare ready to break higher. LUNA/USD 4-hour chart. Source: TradingView Terra price has seen substantial volatility this week. A new lower low ...

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