TL;DR Breakdown Terra price analysis is bullish for today.LUNA/USD continues to consolidate around $36.Closest support at $34. Terra price analysis: General price overview Terra price analysis is bearish today as a consolidation between $34.5 support and $36.8 resistance has been formed over the past days after a strong decline on Monday. Therefore, we expect LUNA/USD to reverse and break above the $36.8 resistance next. The daily price analysis chart shows that the coin has been trading moderately within a tight range, meaning the coin is trading in a less volatile market. On the five-day Terra price analysis chart, 50-day MA seems to have crossed above 100-day MA. This is an indication of a potential bull market. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. The market leader, Bitcoin, is up by 3.11 percent, while Ethereum is up by 3.94 percent. Meanwhile, Binance Coin (BNB) is among the best performers, with a gain of more than 8 percent. Terra price movement in the last 24 hours: Terra continues to consolidate below $36 LUNA/USD traded in a range of $34.58 – $36.85, indicating a moderate amount of volatility over the last 24 hours. Trading volume has dropped by 22 percent and totals $8.9 billion, while the total market cap trades around $13.3 billion, ranking the coin in 13th place overall. The LUNA/USD pair has been trading moderately on the daily pri...
