Luna / TetherUS
Short

Terra Price Analysis — April 11

180
LUNA has slumped to the $86 support zone, following a parabolic bear rally since the cryptocurrency tapped an all-time high at $119.5 last Tuesday. The ninth-largest cryptocurrency has shed over 28% within this short period as the broader market tone dives.

Market conditions for LUNA flipped bearish last Friday after the price breached the 4-hour 100 EMA around $103 with $80 coming into view. That said, we could record a pullback in the coming hours to the $92 zone, where bears can pile in and force the price lower to $80.

Meanwhile, my resistance levels are $90.00, $96.00, and $100.00, and my support levels are $86.00, $80.00, and $76.00.

Total Market Capitalization: $1.89 trillion

Terra Market Capitalization: $30.4 billion

Terra Dominance: 1.6%

Market Rank: #9

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