LUNA/USD are trading at 106.79 and continue to move within the correction and the bullish channel. Moving averages indicate the presence of a short-term upward trend in Terra. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth already from current levels. At the moment, we should expect an attempt to develop a correction in the value of the digital asset and a test of the support level near the area of 95.05. Where should we expect a rebound again and continued growth of the Terra rate with a potential target above the level of 135.05.
Terra Forecast LUNA/USD April 8, 2022
In favor of the rise in LUNA/USD quotes, a test of the trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the option to raise the coin will be the fall in the value of the asset and the breakdown of the area of 90.05. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the level of 70.05. With the breakdown of the resistance area and the closing of quotes above the level of 110.55, we should expect confirmation of the development of the bullish momentum of the trend on Terra.
Terra Forecast LUNA/USD April 8, 2022 suggests an attempt to correct and test the support area near the level of 95.05. Where should we expect a rebound upwards and continued growth of LUNA/USD to the area above the level of 135.05. An additional signal in favor of the rise of Terra will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 90.05 area. This will indicate a continuation of the fall of the cryptocurrency with a target below the level of 70.05.
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