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 ...

Get Crypto Newsletter
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.