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The LUNA/USDT pair’s value was depreciated by 15%, hitting $86. The purchasers remained above this new flipped support and attempted to rebound with a double bottom pattern, which was met with failure. The bullish trend might push the cryptocurrency up by 11% and retest the 100 barrier level. On March 10th, the Terra (LUNA) price retested the $100 level. It fell to $86.5 support after the more substantial price rejection candle at this level suggested an approaching downturn.
The next altcoin is the Kyber Network Crystal, a multi-chain liquidity hub. It seems that KNC held its own throughout this consolidation phase of the market. When the rest of the market was deflating, it was surging. In the $3.50 to $4 price range, it’s about to reach an extremely hazardous area. As in early 2021, this massive supply zone has already been reduced.