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Terra LUNA price nears key level after rallying 45% this week -Breaking

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Rebound rally in theLUNAThis week’s market could see exhaustion, as the price test a pivotal trendline to determine if there is a possibility of a pullback.

LUNA has been trending lower inside a falling channel—made up of two parallel descending trendlines—since December 2021. The Terra token often tests the lower trendline to see if it is stable enough for the rebound to the higher trendline. As shown in the chart,

A daily price chart showing falling channels. Source: TradingView
LUNA Weekly Performance vs. Other Top Assets Source: Messari