Terra, Solana & Tron — Asian Wrap 13 September

Terra announced that the company had completely revamped its website during the wee hours of September 13. Despite a staggering 229% rise this week, LUNA is correcting 30%+ on the daily chart. The excessive volatility in the market can end up wiping out the entire growth recorded over the last seven days.


Solana price has rallied 25% since the September 7 liquidation occurred. SOL price volume is still relatively low compared to the previous uptrend during the summer. A breach above $48.42 could be the catalyst to a much larger bull run targeting $90.


TRX price finds support above the recently breached 8- and 21-day simple moving averages. The Volume Profile Indicator shows the bearish downtrend may have ended. Invalidation of the uptrend thesis is a breach of the swing lows at $0.06.