Na Si'itia le Tau o Terra Coin i le 30% Ae Pe Fa'aola Lenei Fa'apotopotoga?

For the past three weeks, the Terra coin price resonated within a consolidation phase of a bearish pennant pattern. Though this pattern should bolster sellers to extend the prevailing downtrend, the price undermined this bearish setup with the sudden surge in buying pressure. A osooso breakout pattern’s resistance offers recovery opportunities for coin holders.

Manatu autu: 

• A bullish breakout from the downsloping trendline open Terra coin for 18.3%
• The 50-day EMA stands as a strong hurdle for LUNA price recovery 
• Ole aofaʻi ole fefaʻatauaʻiga i totonu ole LUNC e $715.5 Miliona, e faʻaalia ai le 180.5% maua.

Punavai- Fefaʻatauaʻiga

From September 10th to 26th, the LUNA holders witnessed an aggressive sell-off which plunged the price to $2 psychological support. Following this downfall, the altcoin started walking a lateral path as the crypto market experienced uncertainty among market participants.

Furthermore, this consolidation for a sharp fall revealed the formation of a pennant pattern. This bearish continuation pattern usually promotes the continuation prior downtrend upon the breakdown of the lower support trendline. 

However, in a rare case scenario just like today, the Terra coin price gave a massive breakout from the overhead trendline. It seems the strong whale activity backed the sudden price jump as the LUNA token became the top holding among 100 Ethereum whales.

Thus, earlier today, the altcoin jumped 30% and showcased a massive breakout from the pattern’s resistance trendline. However, short-term traders’ profit booking reverted to the lower prices where it currently trades at $2.75.

 If the Terra coin price closes above the downsloping trendline and $2.73 resistance, the bearish thesis will get invalidated. This development should surge the prices 20% higher to surpass the $3.25 mark.

Faʻamatalaga Faʻamatalaga

Fa'ailoga o le malosi fa'atatau: With the bullish breakout from the aso-RSI slope jump above the midline, indicating the market sentiments support the potential bullish recovery 

EMA: the rising price jumps above the 20-day EMA offers additional support to maintain the price rally.

Terra Coin Price Intraday Levels

• Nofoaga nofoaga: $ 2.75
• Tulaga: Bullish 
• Fetuunaiga: Maualuga
• Tulaga tetee- $0.00032 ma le $0.000387
• Laasaga lagolago- $0.000255 ma le $0.00016