Terra Price Analysis: LUNA traders sit on the fence as price oscillates wildly between $26 and $38

TL;DR Breakdown Terra price analysis shows that it is facing an undecided market with great price volatilityThe descent from $37.64 on August 29 is likely to continue as technical signs look vulnerableIf price starts to lower further, forced liquidation may come in play with bleak trading volume Terra price analysis suggests that the cryptocurrency faces a spell of uncertainty in the immediate term. While there is no significant indication that price can only go downward from here, the price volatility swirling in a wide range of $26 to $38 is a cause for concern. With this uncertainty, it is hard to predict whether an upward extension is on the cards or a downturn reversal. Over the past 24 hours, LUNA dropped a massive 15.38 percent, falling from $32.77 to trade at $27.22 at the time of writing. Its trading volume also fell more than 16 percent and market cap went down 11 percent. This put an end to a remarkable spree for LUNA that started from a low of $5.52 in July. The impressive run saw the 16th largest cryptocurrency in the world go up to its record price of $37.64 by the end of August. However, it now has the worst 7-day performance in the cryptocurrency market, suggesting a downturn in fortunes. LUNA followed the larger cryptocurrency market in plummeting over the past 24 hours, as Bitcoin, Ethereum and all Altcoins except Solana displayed bloodbaths. Ethereum led the downfall by going down almost 12 percent to a ...