Terra (LUNA) Price Primed For A Massive Leg Up, But Whether It’s Bullish or Bearish? | crypto news
0Ever since Bitcoin price slashed drastically, the crypto space appears to have trembled a little. While some of the cryptos are still recovering from the losses, some possessed an extreme bullish tendency to regain their positions quickly. Terra (LUNA) coin is among those cryptos which shed their gains, yet reached close to its ATH in a very small stipulated time frame. Moreover, Terra (LUNA) price is hovering in a very decisive phase were-in the price may jump in either of the directions shortly.
--Terra price gained huge traders’ attention recently while it followed the Solana price rally and ranged high from nowhere. Currently, after facing a drain, the LUNA price is attempting to recover that including a couple of pullbacks too. However, the asset managed to overcome the loss to range close to the discovery phase.
--What’s Next For LUNA Price?
--As mentioned before, the Terra price is hovering along with the crucial phases and hence the price may hover in either of the directions. As the price appears to trend within the ascending triangle, the price may either swing within the triangle for some more time before breaking out. Else the asset which is very close to the resistance levels of the triangle may eventually break these levels in an upcoming couple of hours.
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source : https://coinpedia.org/price-analysis/terra-luna-price-primed-for-a-massive-leg-up/
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