Terra LUNA price nears key level after rallying 45% this week By Cointelegraph

Feb 27, 2022



A rebound rally within the (LUNA) market this week dangers exhaustion as the worth retests a key trendline for a possible pullback.

LUNA has been trending decrease inside a falling channel—made up of two parallel descending trendlines—since December 2021. In doing so, the Terra token sometimes exams the decrease trendline as help for a rebound to the higher trendline, as proven within the chart under.

day by day value chart that includes falling channel. Supply: TradingView
LUNA weekly efficiency vs. different prime belongings. Supply: Messari