Investors Need To Be Prepared, Terra Shows A 110% Jump Doesn't Mean It Ends There! - Kakiforex.com - Financial Market Media No. 1 in the World Investors Need To Be Prepared, Terra Shows A 110% Jump Doesn't Mean It Ends There! Investors Need To Be Prepared, Terra Shows A 110% Jump Doesn't Mean It Ends There!
InstaForex

July 30, 2021

Investors Need To Be Prepared, Terra Shows A 110% Jump Doesn't Mean It Ends There!

 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.