Terra Price Analysis: LUNA consolidates below $38, will the resistance break?

TL;DR Breakdown Terra price analysis is bullish for today.LUNA/USD continues to consolidate around $36.Closest support at $34. Terra price analysis is bullish today as a consolidation between $34 support and $36 resistance has been formed over the past days after a strong decline on Monday. Therefore, we expect LUNA/USD to reverse and break above the $36 resistance next. Cryptocurrency heat map. Source: Coin360 The cryptocurrency market traded in the green over the last 24 hours. The market leader, Bitcoin, is up by 3.11 percent, while Ethereum is up by 3.94 percent. Meanwhile, Binance Coin (BNB) is among the best performers, with a gain of more than 8 percent. Terra price movement in the last 24 hours: Terra continues to consolidate below $36 LUNA/USD traded in a range of $34.68 – $37.45, indicating a moderate amount of volatility over the last 24 hours. Trading volume has decreased by 4.65 percent and totals $979.17 billion, while the total market cap trades around $14.73 billion, ranking the coin in 12th place overall. LUNA/USD 4-hour chart: LUNA ready to break higher? On the 4-hour chart, we can see the Terra price action has established a consolidation after a strong decline, indicating an upcoming reversal. LUNA/USD 4-hour chart. Source: TradingView Terra price action saw substantial volatility over the past weeks. After a quick spike to $24 on the 7th of September, a rapid reversal followed over the next days...