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Terra Luna price forecast – correction not over yet?

 


In our last Terra Luna price prediction , we wondered if the price could outperform the crypto market again. The course had already set new records while the crypto market was crashing. We came to the conclusion that the price could continue lower as we had been signaled a downtrend by the volume. Furthermore, the Terra Luna price could not break the GoldenPocket of the last down move. Because of this, we assumed that prices would continue to fall. But how could the course continue? We'll enlighten you!


Terra Luna price has hit initial support located at +/- $53.05. From now on, the price could rise a bit in the short term to correct the current small decline. In the next few weeks we expect the sell-off to continue as the weekly candle doesn't look like we might see a trend reversal as of yet. The first target is +/- $38.15. If support fails, we expect a descent to +/- $23.57.


The Terra Luna price could hold the $38.15 support with a high probability as that is where the golden pocket of the full bullish move is located. If price fails to view the GoldenPocket as support and it breaks, we expect prices to be at least $23.57. It is also possible for the Terra Luna price to drop to around $10.

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