Terra's LUNA looks ready for a steep correction after a new all-

Terra price set a new all-time high today at $83.81 after it rallied 60% in a little over a week.

This run-up is likely to face profit-taking from investors, resulting in a correction for LUNA.

Although the altcoin might see some run-up during its potential correction, there is a high chance it will sweep the range low at $52.3, to collect the sell-stop liquidity resting below it.

While the outlook for Terra price is bearish, investors need to note that a resurgence of buyers could propel LUNA to set a new record high at $90.


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