LUNA Technical Analysis - Trendline Fallout Haunts A Downfall

We are here yet again to enlighten you with predictions from the Crypto community!! 

And today we present to you a technical analysis video on the LUNA Token!

Terra, a blockchain protocol utilizes fiat-pegged stablecoins to provide price stability for global payment systems. Terra combines the price stability and wide adoption of fiat currencies with the censorship-resistance of Bitcoin and offers fast and affordable settlements.

The live LUNA token price today is $70.20 with an intraday trading volume of $3,030,667,744.50. The coin price is down by 1.39% in the last 24 hours. With a live market cap of $25.13 Billion, the coin ranks 14th largest cryptocurrency globally.

The LUNA coin prices show a downtrend in action in the daily chart due to the rejection near $92. Moreover, the 15% fall in the last 24 hours makes a bearish engulfing candlestick. Therefore, it is evident that the sellers are dominating the trend.

Let’s have a deepened insight into the technical analysis of LUNA Token and see what the indicators have to say about it.