Terra Price Analysis — March 28

Terra Price Analysis — March 28

Luna / TetherUS BINANCE:LUNAUSDT



LUNA has reclaimed the $95 axis following a sharp correction to the $90 last week. The rebound helped outline a clear trend in the market, as the broader market recorded some impressive gains.

That said, the ninth-largest cryptocurrency is well on track to re-emerge above the $100 mark in the coming days, considering the prevailing trading sentiments in the broader market. On the flip side, though, bearish retraces will likely be repelled by the $91 – $90 support zone , where my 4-hour 100 EMA rests.

Meanwhile, my resistance levels are $96.00, $100.00, and $105.00, and my support levels are $90.00, $86.00, and $80.00.

Total Market Capitalization: $2.15 trillion

Terra Market Capitalization: $33.8 billion

Terra Dominance: 1.57%

Market Rank: #9