Terra Price Analysis: LUNA/USD faces pull back to $20 mark

TL;DR Breakdown LUNA dropped 13 percent over the last 24 hours with more downslide expectedIncreasing volatility showing classic signs of top having been reachedIntra-week trade between $26-$35.6 range confirms volatility in action Terra price analysis suggests that the token is set for a major price pullback, having dropped more than 13 percent over 24 and around 20 percent over the last 48 hours. Luna peaked up to above the $35 mark just 2 days ago, and has slipped more than 30 percent down to $26.5 at the time of writing. The token has been trading within a highly volatile range of $26-$35.6 over the week, which confirms classic signs of a top being reached. Further retracement is expected even amidst a largely positive recent crypto market as price remains stretched and ripe for correction. The larger cryptocurrency market continued to stay in the reds today, with Bitcoin maintaining above the $46,700 mark but dropping just above 4 percent. Ethereum also fell 4 percent down to $3,100, along with other Altcoins, Cardano, Ripple and Litecoin, all of which dropped near 7 percent. The biggest downfall was seen with Dogecoin as it dipped more than 9 percent over 24 hours to $0.26, having enjoyed an excellent ascent a week ago that propelled it above $0.35. Terra Price Analysis: Cryptocurrency Heat Map. Source: Coin360 LUNA/USD 24-hour chart: Price volatility confirms reversal in action On the 24-hour price chart, negative dev...