Terra is having a very impressive 1 week bullish streak, rising more than +80% since February 20. The price action since December 2021 is very similar with that of March - July 2021. This time it is the 1D MA200 (orange trend-line) supporting, while in March - July it was the 1W MA50 (red trend-line). Even the RSI on the two was a Falling Wedge pattern.
In August 19 2021, LUNAUSD reached the 1.236 Fibonacci extension initially before in a time-span of 3 months it slowly hit the 1.382 and the 1.5 Fib extensions successively. Currently the 1.236 Fib ext is exactly at $130.00 and that stands out as a realistic medium-term target for buyers.