COTI and Terra (LUNA) Technical Analysis: Trend Continuation?

COTI and Terra bulls are reaffirming themselves after losses early this week. LUNA is firm above $25, while COTI prices can rally to $0.60.

COTI

The platform is at the center of a fintech revolution promoting crypto and blockchain using the COTI token as a facilitating agent.

Past Performance of COTI

The COTI token is off the charts at the time of writing. Adding an impressive 41 percent, the COTI coin is on the cusp of printing new H2 2021 highs.

As per the COTI technical analysis in the daily chart, buyers are in the driving seat, resoundingly unwinding losses between September 7 and 20.

Day-Ahead and What to Expect

The path of the least resistance for COTI crypto is northwards.

As per the candlestick arrangement in the daily chart, every low may offer entries. However, more opportunities exist once there is a close above August 2021 highs of around $0.60 in a buy trend continuation pattern.

On the flip side, a dump below $0.30 and $0.25 would invalidate the uptrend.

COTI Technical Analysis

COTI token is firm and drawing demand as trading volumes spike.

Aggressive bulls might load the dips above $0.48, targeting $0.60 and new 2021 highs in the immediate term.

On the other hand, if COTI slides back to September 22 and 23 range in a sideways movement, prices might fall to $0.30, puncturing momentum development.

Terra (LUNA)

The Terra protocol combines the stability of fiat and the transparency of cryptocurrencies to facilitate payments using LUNA coins.

Past Performance of LUNA

LUNA crypto buyers are back in contention, printing higher in a buy trend continuation pattern.

Based on the LUNA technical analysis in the daily chart, buyers are in the driving seat.

This explains why LUNA is up 13 percent versus the greenback on the last trading day.

Day-Ahead and What to Expect

A double bar bullish reversal pattern is evident in the daily chart as Terra crypto prices trend sideways.

Nonetheless, the uptrend is steady, and LUNA crypto prices might blast above the middle BB to all-time highs and later $55.

Even so, losses below $25 might force liquidation in a correction.

LUNA Technical Analysis

Undoubtedly, Terra prices are in an uptrend per LUNA price action in the daily chart.

In trend continuation, aggressive traders can load the dips targeting $45.

Sustained gains could lift the coin to $55—the 2.618 Fibonacci extension level of this year’s trend range.

On the flip side, losses below $25 could see Terra token prices drop to $12 in a correction.

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