At the opening of the crypto market today, it seems that sentiment still remains positive where it can be seen that BTC remains consistently testing the $ 40,000 price level.
Ranked 30th, Terra exhibited a consistent spike starting last week to hit a high of around $ 11.8 ending yesterday’s trading session, producing a 110% spike.
Terra with a market capitalization of over $ 4.4 billion recorded over $ 400 million in trading volume in the last 24 hours.
Next, let’s take a look at Terra’s performance on the LUNA/USDT price movement chart.
LUNA showed a good reputation in a row starting last week until ending yesterday’s trading session by producing over 110% jumps!
Current sentiment has supported the price movement where BTC has been exhibiting positive prices in recent times.
From a technical point of view, the price movement can be seen still maintaining the bullish trend and has passed the RBS zone (resistance become support) around $ 9.5 which has been tested several times before.
According to analyst forecasts, LUNA is expected to make a rise to retest the resistance zone around the $ 11.5 price before making a higher rise.
If the LUNA price movement manages to break the resistance level, the higher upside target will record the latest highs.
However, if the price returns to show a bearish pattern, the RBS (resistance become support) zone around $ 9.5 will be retested to either make a rebound or continue lower.
