While the whole crypto market bleeds profusely as the brutal attack on the BTC & ETH price continues, the majority of the altcoins drop heavily. Terra (LUNA) which was once predicted to hit a 3-digit figure, is now drowning in a deep bearish well.

LUNA price currently is testing the crucial uptrend line and may enter a huge bearish trend if it breaks these levels

The price may be rejected at these levels and could slide down below $50 at 0.6 FIB levels to hit $48.67 where-in a rebound may be fast approaching

The rebound may assist the price to regain the levels above the trend line and quickly attain the levels above 0.6 FIB levels around $75