Terra Price Analysis: LUNA starts to move higher after a retest of the $34 support

TL;DR Breakdown Terra price analysis is bullish for today.LUNA/USD found support at $34 again.LUNA is set to move higher today. Terra price analysis is bullish for today as a consolidation above the $34 support was seen overnight. Therefore, we expect LUNA/USD to move higher over the next 24 hours and regain some more of the loss seen earlier this week. Cryptocurrency heat map. Source: Coin360 The overall market traded with mixed results over the last 24 hours. The market leaders, Bitcoin and Ethereum, are both slightly in the green, with a gain of 1.32 and 0.2 percent. Meanwhile, Solana (SOL) continues to dominate the market with a gain of almost 14 percent. Terra price movement in the last 24 hours: Terra retraces to $34, forms consolidation overnight LUNA/USD traded in a range of $34.11 – $36.30, indicating mild volatility for the market over the last 24 hours. Trading volume has decreased by 35.27 percent and totals $807.78 billion, while the total market cap trades around $14.19 billion, ranking the coin in 13th place overall. LUNA/USD 4-hour chart: LUNA starts to move higher On the 4-hour chart, we can see bullish momentum slowly returning, indicating further upside to come later this weekend. LUNA/USD 4-hour chart. Source: TradingView Terra price action has traded in a relatively small range this week. After a strong rally from 7th to 11th of September, a strong higher high was set around $45. However, bulls ...