LUNA price opens the new trading week on a higher note. The price opened lower but quickly recovered to the session’s highs. The current price action suggests more gains in the token. LUNA price trades higher with significant gains. More gains above the decisive close near $97.50 toward all-time highs. The recent consolidation in the

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The world of cryptocurrencies has been witnessing its digital assets striding to the limelight. As folks from the business pin hawkish sight on prominent crypto assets. One amongst the many, is Terra, which has been in the talks of the business, of late. This time around, investors holding onto LUNA fear the possibility of an …

The CEO of Terraform Labs Do Kwon has wagered $10 million on the price…

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Terraform Labs CEO Do Kwon has finalised a bet with a crypto personality named GCR to the tune of $10 million.

The post Terraform Labs CEO Do Kwon seals $10 million bet over LUNA price appeared first on The Block.

LUNA coin price forms a rounding bottom pattern with the neckline at the psychological barrier of $100. Will the bulls surpass the neckline? Key technical points: LUNA price approaches the $90 mark. The altcoin shows a bullish reversal from $85.  The 24-hour trading volume of Terra is $2.79 Billion, marking a 35% rise.  Past Performance of LUNA LUNA coin price finds demand near the support confluence of the 200-day EMA and the psychological support of the $50 mark. The reversal helps with the rounding bottom pattern formation with the neckline at $100. The rising trend momentum with the 95% jump in the last three weeks increases the chances of the $100 breakout.  Source-Tradingview LUNA Technical Analysis  LUNA coin price has once failed to rise above the neckline of the rounding bottom pattern; however, the continuing rally proposes another breakout attempt.  The constant support from the 50-day EMA after avoiding the death cross promotes the higher low formation with the increasing possibility of rounding bottom breakout. However, on the opposite end, a retracement to the 50-day EMA could account for a 15% discount.  RSI Indicator: The RSI slope shows a wavering long-range movement near the overbought boundary while showing a slightly bearish downfall. However, the string spikes with a silent bearish divergence as the price form a higher low, but the RSI fails to copy that.  MACD Indicator: The MACD and signal give a bearish crossover, indicating a possibility of downfall. However, the bullish breakout will undermine this reversal and restart the bullish trend. In short, the Terra technical analysis emits intense bullish energy indicating a breakout rally shortly.  Upcoming Trend  LUNA coin price has the potential to reach the $150 mark with the breakout of $100 and the rounding bottom pattern. However, a retracement below the $85 mark will nullify the bullish thesis.  Support Levels: $85 and $75 Resistance Levels: $100 and $125

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Terra surpassed Ethereum to become the second most staked asset as LUNA’s price surge helped in the process so let’s read more today in our latest altcoin news. In addition, the data source reported the data showing that Terra surpassed Ethereum to become the second most staked asset which now has more than $28 billion […]

LUNA surges 20% amid the rise of staking on Terra and the popularity of DEFI and now the crypto network attracts more DEFI users than ever so let’s read more today in our latest altcoin news today. LUNA surges 20% over the past 24-hours with the crypto network attracting more DEFI users than ever. The […]