Terra (LUNA) price dropped to $0.1582, triggering a bearish trend that confirms seller control in the market.
LUNA's Drop and Bearish Confirmation
Terra (LUNA) dropped to $0.1582, initiating a downward movement that confirms seller control. The sharp decline followed a clear structural break and resistance rejection, with further downside expected as long as the price remains below the $0.1582 key zone.
Role of Advanced Order Block in the Decline
The price action showed a sharp drop, confirming a bearish trade setup noted in CryptoPatel's statement. The Advanced Order Block served as a supply zone, rejecting bullish attempts and paving the way for continued bearish sentiment.
Current Market Conditions and LUNA Metrics
As of writing, LUNA is priced at $0.1531, registering a 5.54% decline in the past 24 hours. The 7-day drop stands at 9.88%, reflecting consistent bearish momentum. The 24-hour trading volume is $15,263,328, indicating active trader participation amid the decline.
The current market situation for LUNA shows strong bearish dynamics, supported by technical indicators. Future price changes will depend on whether LUNA can overcome the $0.1582 level.
