Terra price set a new all-time high today at $83.81 after it rallied 60% in a little over a week.
This run-up is likely to face profit-taking from investors, resulting in a correction for LUNA.
Although the altcoin might see some run-up during its potential correction, there is a high chance it will sweep the range low at $52.3, to collect the sell-stop liquidity resting below it.
While the outlook for Terra price is bearish, investors need to note that a resurgence of buyers could propel LUNA to set a new record high at $90.
This run-up is likely to face profit-taking from investors, resulting in a correction for LUNA.
Although the altcoin might see some run-up during its potential correction, there is a high chance it will sweep the range low at $52.3, to collect the sell-stop liquidity resting below it.
While the outlook for Terra price is bearish, investors need to note that a resurgence of buyers could propel LUNA to set a new record high at $90.