NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Trump Prepares To Allow Crypto Investments In $9 Trillion Retirement Market

Terra Recovers As It Posts 10% Gain In The Last 24 Hours

anushsamal
anushsamal
3 years ago
3 mins read
Terra LUNA2

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The price of Terra has been choppy in the past few days despite the broader market regaining back it’s strength slowly. In the last week, the coin plunged by almost 30%.

Related Reading | Bitcoin Funding Rates Remain Negative For More Than A Week

At press time, LUNA was priced at $50.72. Earlier yesterday, LUNA attempted to trade above the $52 price mark. The global cryptocurrency market cap was at $1.83 Trillion after an increase of 1.6% in the last 24 hours.

Trading volume of Terra also depicted an appreciation by 75% at press time. This rise in trading volume could be tied to resurgence of buying strength in the market.

Resistance mark for the coin was at $60.10. Terra’s sharp price sentiment could have been influenced by Wonderland Project’s Fiasco. Terra’s network is used to link to Abracadabra. Abracadabra was co-founded by Danielle Sestagalli, who also is a co-founder of Wonderland. 

LUNA’s prices started their southbound journey after it was discovered that Michael Partyn was responsible for looking after Wonderland’s treasury. 

LUNA’s prices stood at 69% lower than its All Time High. Terra’s local support level for the coin awaited at $43.60. LUNA has last traded around this level in the month of November. LUNA’s prices hadn’t fallen below the $50 price mark as the coin considered the aforementioned level as a robust support level.

Buying strength in the market had also been in the bearish territory for almost a week or so. Looking at the technical indicators, it is difficult to say if LUNA will maintain a similar price action over the next trading sessions. 

Terra Price Analysis: Four Hour Chart

Image Source: TradingView LUNA/USD

Terra was in the opposite price direction of its own market trend of the past week. After trading in a descending channel, Terra managed to break on the upside.

The chart also started to display recovery as soon as that happened. Support level as mentioned above was at $43.60, a mark the coin last traded near in the month of November. Two resistance levels for Terra were at $60.10 and at $68.15. 

The Relative Strength Index is responsible for depicting buying strength and pressure in the market. For the past week, RSI remained below the zero-line indicating a period of continued sell-off. 

The indicator also dipped below the 25-mark displaying oversold tendencies of the market. At the rime of writing however, as Terra zoomed up it’s chart RSI moved up in anticipation of recovery in buying strength, however, a minor downtick was also seen on the indicator at the press time. 

On Balance Volume depicted a rise, signifying that inflow volume has also started to pick up. In return, this reading hinted at a positive price action. Awesome Oscillator depicted the market strength. 

Although the indicator was giving off green signal bars as prices showed recovery, the green signal bars were seen under the half-life.

Related Reading | LUNA Drops 20% As Investors Panic, What Is The Link With Anchor And UST?

In case green signal bars remain underneath the half-line it is too quick to say if prices would tun bullish. Relative Strength Index already indicated towards a possibility of buying pressure falling as demonstrated by the tiny downtick. 

Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Ethereum's Rally Isn't What It Seems — Here's What's Really Driving It

Ethereum’s Rally Isn’t What It Seems — Here’s What’s Really Driving It

Ethereum has extended its upward momentum this week, climbing over 20% in the past seven days and pushing past $3,600...

Samuel Edyme 7 hours ago
Ethereum news

Tom Lee Predicts $30,000 Per Ethereum As Treasury Frenzy Begins

Tom Lee devoted a six-post thread on X yesterday to a single proposition: if companies treat Ethereum (ETH) the way...

Jake Simmons 10 hours ago
Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Coinbase Premium Signals Aggressive Ethereum Accumulation: Institutional Demand Accelerates

Ethereum has surged more than 70% since mid-June, marking one of its most impressive rallies of the year. The move...

Sebastian Villafuerte 13 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Pi Network mysterieuze wallet verzamelt 315 miljoen tokens – goed nieuws voor de Pi Coin koers?

Lars Diederiksen 2 hours ago
solana

Solana Near Last Major Resistance Amid 10% Surge – Analyst Says ‘Real Bull Run’ Is Close

Rubmar Garcia 3 hours ago
Ethereum

This Ethereum Metric Called The Bottom Ahead Of Rally, Says Analytics Firm

Keshav Verma 6 hours ago

Premium Sponsors

Press Releases

  • 今買うべき注目の仮想通貨プレセール3選:革新的レイヤー2と次世代トレーディングプラットフォーム

    ...

    4 hours ago
  • ビットコインが118,000ドルを回復|今注目の新しい仮想通貨と次の10倍成長が期待されるBTC代替案

    ...

    4 hours ago
  • イーサリアムが3,500ドルに迫る中で注目すべきアルトコイン3選

    ...

    4 hours ago
  • 仮想通貨投資の新たな選択肢として注目を集める話題のミーム銘柄、市場の盛り上がりと共に関心拡大

    ...

    4 hours ago
  • 新高値更新で17%上昇のXRP、しかし今注目すべきico仮想通貨は別にあると専門家は指摘

    ...

    5 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.