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Terra becomes top-10 crypto: Classic 'bull pennant' setup paint $100 LUNA price target
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Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure.
In detail, bull pennants appear as the price trends inside a triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break above the triangle's upper trendline to resume its price rally higher.
Additionally, the profit target of a bull pennant structure typically comes to be the length equal
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