Terra Luna falls by 20 %, while symbol token is increasing on Friday - market tactualizations

terra (Luna) was one of the greatest crypto losers this week and fell by up to 20 %during the session on Friday. Designs in Terra came as a cosmos ( atom ) also recorded a double-digit decline.

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although the cryptoma markets acted mainly with red numbers, symbol (xym) Climbing.

Xym rose to an intra-raday high of $ 0.1728 during the session and rose from an earlier low of $ 0.155

this movement began when the symbol jumped from its support at $ 0.146, an area in which it acted most of the week.

At the present time, XYM was traded over 7 % higher, with the price movement after a recent outbreak via an important RSI resistance point.

The 14-day RSI indicator currently moves at 44 after it has risen from the 35 mark, which was a historical point of insurance.

another day, and Kosmos (atom) was traded again and fell by up to 10 %. Nevertheless, it was so earth (luna) This was the bear of the day on Friday and had fallen by about 16 % at the time of writing.

The movement led to Luna/USD expanding its latest sale and reaching an intraday low of $ 47.72, after an earlier high of $ 58.20

If you look at the diagram below, the decline began after a breakout over $ 59.75, which led to further declines, which now forms a new support of $ 47.95

In addition to the outbreak, the prices are now heavily oversized, which is one of the only indications that the declining pressure could decrease.

Will we see lower lows of Terra this weekend? Share your thoughts in the comment area below.

Eliman Damell

Eliman brings a diversified view of the market analysis after working as a broker director, trainer in retail and market commentator in the areas of crypto, stocks and foreign exchange.

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