In our last Terra Luna Price Prediction , we wrote about how the price broke new records in the past few days while almost the entire crypto market crashed. We wrote in the article that the price could probably reach $100 soon. This is what happened and the price rose by about 40%. But how could it go on now? Will the Terra Luna price continue to outperform the crypto market, or is the Terra Luna project out of breath? We will explain the technical point of view to you!
The Terra Luna course was able to fully process the ABC sequence and is dumped shortly thereafter. price has corrected out the complete ABC sequence and has thus fallen to the GoldenPocket of the full up move. The price found support at the GoldenPocket and was able to rise from this point. We are now at a plus of around 35%.
Now we have arrived at the GoldenPocket of the last downward movement and now have to decide where the journey is going. If we do not break the GoldenPocket, we assume that prices will fall steadily (from a downward trend). The next target would be the $53. However, if we break the GoldenPocket, the Terra Luna price could rally back to $100.
If we look at the volume of the Terra Luna price, we can see that the volume decreases on the ups and keeps increasing on the ups. This is an indicator that the price may be in a downtrend. Because of this, it is now important for Terra Luna price to break the GoldenPocket of the recent down move lest we get into a confirmed down trend.
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