Terra soaking Selling Pressure, LUNA Bulls May Break Above $88

Terra prices are stable at spot rates. A break above $88 may be the foundation of a leg up lifting LUNA towards $100 in a bull revival. Past Performance of LUNA LUNA prices are stable when writing, adding two percent in the past trading week. Overall, the coin is in red versus the USDT, but buyers are keen on unwinding last week’s sharp losses. The immediate support line is at $75. On the reverse side, resistance is at the middle BB, flashing with $88 and April 30 high. Terra Technical Analysis Sellers remain in control as per the LUNAUSDT technical arrangement in the daily chart. Notable, Terra prices are inside the April 30 bear bar. From an effort versus result perspective, this is bearish. Even so, a close above the middle BB and $88 may lift the coin towards $100, confirming gains of May 1. On the reverse side, losses below last week’s low at the back of rising volumes may force the coin to $60. This support level is the 78.6 percent Fibonacci retracement level of the Q1 2022 trade range. What to Expect from LUNA? There are hints of strength from the Terra price action. However, LUNA buyers must sufficiently close above $88 for trend confirmation.The post Terra soaking Selling Pressure, LUNA Bulls May Break Above $88 first appeared on Cryptoknowmics-Crypto News and Media Platform.The post Terra soaking Selling Pressure, LUNA Bulls May Break Above $88 appeared first on Cryptoknowmics-Crypto News and Media Platform.