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LUNA

Do Kwon and Terraform Labs Found Guilty of Misleading Investors The recent civil fraud trial in the United States has found Do Kwon and Terraform Labs liable for misleading investors prior to the UST stablecoin collapse in 2022. The US Securities and Exchange Commission (SEC) had charged Kwon and Terraform Labs of falsely leading investors about the stability of TerraUSD, the network's stablecoin also known as UST. The UST stablecoin was designed to maintain a value of 1:1 against the dollar. The SEC also accused the defendants of falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app. The jury, after a two-week trial, agreed with the SEC's allegations and found the defendants guilty of civil fraud charges on Friday. The TerraUSD and Luna collapse caused a cryptocurrency market crash in 2022, which resulted in several companies going bankrupt. The collapse was severe enough that it sent shockwaves throughout the industry, leading to the arrest of Terraform Labs founder, Do Kwon, in Montenegro in March 2023. Following the verdict, a spokesperson for Terraform expressed disappointment and stated that the company would weigh its options. However, the SEC, through its Division of Enforcement Director Gurbir Grewal, emphasized the importance of compliance and registration in the crypto markets. According to Grewal, the lack of compliance and registration has real consequences for investors. US District Judge Jed Rakoff is expected to determine the penalties in the coming weeks after hearing from the SEC and the defendants. Terraform will be able to challenge the ruling on appeal after the final judgment in the case.
Short
by DEXWireNews
LUNA/USDT upward momentum from support? 🚀LUNA Today Analysis💎 Paradisers ,keep an eye on #LUNAUSDT as it’s currently in motion. The price is approaching a key support level at $0.9163. If it maintains momentum at this level, we could witness a bullish reversal. The sustained upward movement aims to target the major resistance at $1.4997. 💎 However, let’s be prepared for market fluctuations. Should #LUNA encounter obstacles at the aforementioned resistance, it might be prudent to reconsider our strategy. On our radar is a bullish recovery from the support zone around $0.8014, where the price has previously found stability. 💎 Caution is crucial! A breach below this critical support level could signal a shift toward a stronger bearish trend, potentially leading to increased selling. As we navigate the changes in the #LUNA market, staying vigilant and adaptable is paramount.
Long
by MyCryptoParadise
🚧LUNAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE:LUNAUSDT ✅Today, I want to analyze LUNA for you in a 1D time frame so that we can have a MID-term view of LUNA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LUNAUSDT is in the ascending phase by the cup and handle. LUNA is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
ETH Same Fate As TerraClassic? Macro Rising Wedge Target $8ETH is looking weak guys. I think ETH will maybe have another small rally but in the macro I think ETH will dump hard out of this massive rising wedge. LUNA Classic did the same thing, and I even predicted the fall of Luna well before it ever happened when Luna was in the $80 dollar region. It far exceeded my expectations on how far it would drop but regardless the move happened. Now I think ETH is losing steam as well and this massive rising wedge is extremely dangerous and quite frankly ETH is very overvalued for what it is now. A centralized slow and expensive blockchain. Very overvalued in my opinion. ETH is about to move out of the way and make room for better, faster, cheaper projects. Good luck to everyone out there holding ETH. This is not trading or financial advice this is just my opinion. If you appreciate my work please give me a boost and follow for more updates on your favorite coins. Good luck and thank you all for checking out my charts. This is my LUNA prediction from way back almost exactly a year ago today!
BITSTAMP:ETHUSDShort
by Bitgolder
46
Terra ($LUNA) Soars as Founder's Legal Saga Takes a New TurnTerra ( NASDAQ:LUNA ) Skyrockets Over 26% After Do Kwon’s Release The imminent release of Terra ( NASDAQ:LUNA ) founder Do Kwon from Montenegro's prison stirs a 26% price surge for Terra (LUNA). Market Analysis and Performance of Terra ( NASDAQ:LUNA ) The announcement of Do Kwon’s impending release has coincided with a notable surge in the price of Terra ( NASDAQ:LUNA ). Investors have responded positively to this development, leading to a significant 26% increase in Terra’s price. Currently valued at $1.105, with a circulating supply of $630,798,184.69 and a market cap of 690,802,291 LUNA. Terra’s recent performance has been impressive, with a 22.4% increase in price over the past 7 days and a remarkable 72.7% surge over the last month. These figures indicate a strong upward trend, suggesting favorable conditions for potential investors. The market sentiment surrounding Terra ( NASDAQ:LUNA ) is optimistic, with many recognizing its growth potential amidst recent developments. Background and Context of Do Kwon’s Legal Situation The legal saga surrounding Do Kwon traces back to a forgery case involving a fake passport, which ultimately led to his imprisonment in Montenegro. Following his arrest, Kwon was convicted by the court in Podgorica and subsequently served a prison sentence. However, the situation has been further complicated by conflicting extradition requests from the United States and South Korea, each presenting different charges against Kwon. The ongoing legal battle has underscored the importance of the Montenegrin Supreme Court’s review in determining Kwon’s extradition fate. This review process will be crucial in assessing the legality of the extradition requests and addressing the concerns raised by Kwon’s legal team. Furthermore, the announcement of Kwon’s release holds significant implications not only for his personal circumstances but also for the trajectory of Terra ( NASDAQ:LUNA ) and the broader crypto market.
Long
by DEXWireNews
Luna still has one more drive to $70 before steep correction!Luna has done phenomenal in this run and we can all agree with that. Its been forming a large rising wedge and indicators are showing a pretty sizable correction back down to single digits after the peak at $70 near the apex of the wedge. The Elliot wave is almost complete as well, we are in the final stages of the fifth wave which woulds bring LUNA to around $70 dollars before it corrects. A massive, fast and steep correction will occur after the top at $70 dollars so dont forget to take profits. Not financial advice, happy trading, let me know what you think. Good luck!
LLong
by Bitgolder
11
LUNAUSDT - What about LUNA? - Mid-term targetHi to all TV people, this is my LUNA idea. Like most of you know, LUNC and LUNA are historically related since last year. But how deep is this correlation? Long story short: 1) Lunc is the ex Luna token, the one plunged from 120$ to sub 0$ . There were a relation with UST (now USTC), terra stablecoin. UST started the de-peg from original price of 1$ due to 85 million UST being swapped to USDC. Then LUNA started printing tokens to re-peg UST, but death circle started and whales started selling more UST (most losing money), causing a lost of value on LUNA. Also LUNA tokens were sold by holders in loss. The Terra blockchain was halted for the first time in his history on May 12, 2022, at block height 7603700 to stop the infinite token printing. Everything happened in just few days. 2) May 28, 2022 a new Luna (Luna2) was launched as post hard-fork token. Do you remember some other hard fork token? I'll tell you: ETH and ETC. I won't go further because I'm doing a technical analysis, not fundamental. All of this to get to the point: Lunc and Luna aren't the same token, most of charts from exchanges are showing wrong history price. So this LUNA2 token price starts officially from 1$. Now, we have this accumulation stage, with the falling wedge that Luna already broke out. The first, measured, target price is around 2.5$. Should you trade it with high leverage? Answer is NO . Yestarday dumped from 1.22$ to sub 0.9$ (depends from the exchange) in matter of minutes. Then, after some time of consolidation, or maybe less, next target would be somewhere between 4 and 4.5$. LUNC and LUNA are bonded by history and price action. So I expect more gains from here as Lunc did in the past week. This is my view, not a financial advice. Always DYOR.
Long
by ShadowPlayer
🔥 LUNA Revenge: Back To Former GloryLet me preface that this trade is very risky and not likely to hit it's target. Risk=reward. You can potentially 126x your entry amount, so compare it with a lottery ticket. LUNA has broken out of a 1.5 year bearish channel pattern, which dominated the trend after the collapse back in May of 2022. This trade is based on the idea that LUNA will, miraculously, go back to it's former highs by the power of short-squeezes and memes. Wait for the price to reach above 1.3$ to confirm a longer-term trend shift. Stop below the recent swing-low.
Long
by FieryTrading
14
LUNA is bullishA bullish pattern is formed on the chart from the place where "Start" is inserted on the chart. Wave A of this pattern is a diametric and wave B is a triangle. It now seems to have entered a bullish wave C, it is expected to pump to the supply side or even beyond while maintaining the green range. Closing a daily candle below the invalidation level will violate the analysis For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
Long
by behdark
Can LUNC Token Burn Program Lead to Price Surge?The price of Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been a cause of worry for investors ever since it dropped significantly from its peak of $119 in April 2022. Recent developments, such as the ongoing token burn program and the upcoming Bitcoin halving event, have sparked discussions about the potential of LUNC price rising once again. Currently, Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is trading at around $0.0001563, with a market capitalization of $896.32 million. Despite the prevailing bearish sentiment, the Fear & Greed Index stands at 85, indicating that investors are extremely greedy. Although past performance may not always predict future outcomes, we have identified three developments that could potentially cause Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) price to rise to $0.01 after the anticipated Bitcoin halving event. 1. Token Burn Program Gains Traction: The continuous token burn program led by the Terra Classic community to decrease supply and potentially enhance the value of remaining tokens is a significant factor influencing LUNC’s path. The initiative aims to positively shape LUNC’s value by burning over 100 billion LUNC, with Binance contributing over 51% of the burn. The upcoming burning event on March 1, 2024, highlights the community’s commitment to this program. Analysts stress that external market dynamics heavily influence price movements, making long-term forecasts challenging, despite past burns having shown temporary price spikes. 2. Proposal 12073 Approved: Potential Impact on USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC : The recent approval of Proposal 12073 permits the burning of 800 million USTC from the Risk Harbor multisig wallet, potentially affecting both USTC and LUNC. Following approval, USTC saw a 25% price surge. While a direct link between USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC isn’t guaranteed, a thriving USTC could indirectly benefit $LUNC. Nevertheless, experts advise caution due to uncertainties surrounding this proposal’s long-term implications on LUNC’s price. 3. Bitcoin Halving: Potential Market Catalyst: The upcoming Bitcoin halving in 2024 is a crucial event known to impact the broader cryptocurrency market. As Bitcoin supply decreases, scarcity typically drives its price higher, historically benefiting other cryptocurrencies like LUNC.
Long
by DEXWireNews
LUNC Luna Classic Is About To DieA lot of these tokens in the next couple years are going to bleed out to zero. With the new Bitcoin ETFs and big money in the space they arent buying Luna, or BNB, or name your coin. They are buying what regulators have allowed them to buy. So far thats only Bitcoin,Ethereum, Litecoin, and Bitcoin Cash. This next bullrun will be utility, and regulatory based for the big players. People holding these tokens like LUNC are going to eventually dump. Luna will never go to even a penny never mind a dollar. Its looking extremely bearish to me. Maybe one more dead cat bounce before Luna falls into the shadow realms. LUNA wont be the only one suffering this fate either. This next bullrun and after is going to delete most of the crap out there. You'll always have the casino where people play hot potato with the meme coins that come out every minute of the day. Real money is not going into this stuff though. Good luck and I wish you all the best, hate to see LUNA get rugged a second time, that would be some serious salt in the wounds. Not financial advice. Descending triangle and Stoch RSI pointed straight down.
KRAKEN:LUNAUSDShort
by Bitgolder
9