Terra (LUNA) at risk of 50% drop if bearish head-and-shoulders pattern plays out By Cointelegraph

(THE MOON) may fall to nearly $ 25 per token in the coming weeks as a head-and-shoulders (H&S) setup develops, indicating a 50% price drop, according to technical analysis shared by CRYPTOPIKK.

H&S patterns appear when the price forms three peaks in a row, with the middle peak (called the “head”) higher than the other two (left and right shoulders). All three peaks come to a top at a common price floor called the “neckline.”