InstaForex

August 18, 2021

One by One Climbed Stairs, Terra (LUNA) Generates a 150%Jump!

 Of late, Terra has shown a very encouraging price increase, thus placing it at 16th position in the crypto market cap chart.


From a perspective, Terra has produced over 150% jumps in the August trading session by hitting the latest all -time high (ATH) of $ 26.80 ending yesterday’s trading session.


Terra has a fairly large community because of its potential for the long term.


Next, let’s take a look at Terra’s performance on the LUNA/USDT price movement chart.


The price movement supports stronger when LUNA crosses the RBS (resistance become support) level of $ 22 which is decisive for LUNA to make higher gains.


The level is the previous ATH zone where price movements have tested the level several times.



Current sentiment has also 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 a positive movement either making a correction or will make a higher rise.


According to analyst forecasts, LUNA is expected to make a rise to retest the $ 26 resistance zone before making a higher rise.


If the LUNA price movement manages to break the resistance level, a higher bullish target will record the latest ATH.


However, if the price returns to show a bearish pattern, the RBS (resistance become support) zone around $ 22 will be retested to either make a rebound or continue the lower decline.