LUNA’s rally could be short-lived. As the Terra token reached $106 on Tuesday, price chart technicals show chances of a 50% drop in the upcoming weeks.
. In theory, that could lead to an increase in demand for UST, thereby forcing more LUNA tokens out of active supply permanently.From a technical perspective, LUNA faces the prospects of undergoing a 50% price correction in the coming weeks, though this may not necessarily hurt the bullish long-term outlook., a continuation pattern that appears after the price fluctuates inside a range defined by an upper horizontal and a lower rising trendline.
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