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

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Rebound rally in theLUNAAs the price of gold retests its key trendline, this market could experience exhaustion.

LUNA has been trending lower inside a falling channel—made up of two parallel descending trendlines—since December 2021. Terra tokens test the support of the lower trendline in order to ensure a rebound towards the upper trendline. The chart below shows this.

Daily price chart with falling channel. Source: TradingView
LUNA Weekly Performance vs. Other Top Assets Source: Messari