TL;DR Breakdown Terra price analysis shows a bearish momentum.Strong resistance is present at $43.36.Support is found at $27.8. The Terra price analysis shows a price decline. Terra’s (LUNA/USD) price has come down to $35.6 at the time of writing. After touching the all-time high, selling pressure is building up in the market.The LUNA/USD pair touched an all-time high of $43.36 on 10th September 2021, following the September flash crash of 7th September. LUNA was one of the early birds to get out of the shock of flash crash when it went to an all-time high soon after. The Korean-based Terra (LUNA) is still on the positive side of the equation with a value gain of 25 percent for the past 24 hours and 29 percent over the span of the last seven days, despite the bearish downward movement of price. LUNA/USD 1-day price chart: LUNA on a bearish run The 1-day Terra price analysis reveals a drop in price level, as the value of cryptocurrency dropped significantly today. After hitting a record high, LUNA seems to be retracing as traders who bought the asset near the top price seem to be preventing their losses. LUNA/USD 1-day price chart. Source: Tradingview The volatility is comparatively high from the last few days, with Bollinger bands showing the upper band at $40.8 and the lower band at $25.4. The average of Bollinger bands is at the $33 mark. The moving average (MA), being an important indicator, is at $34.6 below th...
