Get started

Terra

**LUNC Surges with 17% Market Cap Increase!** Terra Classic (LUNC) is making a strong statement with a 17% surge in its market cap, now reaching $615,262,846! This impressive growth is reflected in the 4-hour chart, which reveals a clear upward trend with the price consistently breaking through resistance levels. **Key Levels:** * **Support:** Holding strong around $0.000087570. * **Resistance:** Recently broke above $0.000095000 with conviction. The next challenge lies at $0.000107581 and $0.000111752. * **Targets:** If the bullish momentum continues, these resistance levels could become the next targets for LUNC. **Indicators to Watch:** * **Volume:** High volume accompanying the recent price surge confirms the strength of the bullish sentiment. * **RSI:** Monitor the Relative Strength Index (RSI) for any signs of overbought conditions. * **MACD:** A bullish crossover on the Moving Average Convergence Divergence (MACD) further supports the potential for continued upward movement. **Trading Strategy:** * **Long Entry:** Consider entering a long position on a pullback towards the support at $0.000087570 with a confirmed bounce. * **Stop Loss:** Place your stop loss below the recent swing low or beneath the support. * **Take Profit:** Target the resistance levels mentioned above, or employ a trailing stop loss to capitalize on the upward momentum. **Market Cap Momentum:** The significant increase in market capitalization indicates growing confidence and interest in LUNC. This surge could fuel further price appreciation as more investors enter the market. **Disclaimer:** This is not financial advice. Conduct your own thorough analysis and manage your risk accordingly. **#LUNC #TerraClassic #Crypto #TradingView #TechnicalAnalysis #MarketCap**
CRYPTO:LUNCUSDLong
by GenesisRothmeger
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
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/USDT Ready for its Next Bull Run? 👀🚀 LUNA Analysis💎 Yello, Paradisers! Prepare for an exciting opportunity with LUNAUSDT as it positions itself for a possible breakout from its descending channel. 💎 Terra has consistently been pushing against a descending trendline, frequently facing resistance at the supply level. Now, there's a growing momentum that suggests LUNA might successfully breach this threshold and progress towards the next key supply zone. 💎 If LUNA encounters difficulties in breaking through the supply level, a bullish rebound from the current demand level appears likely. This bullish outlook is further supported by an RSI divergence, which hints at an emerging bullish trend upon closer examination. 💎 Conversely, a drop below the demand level could lead to a significant bearish trend towards the support level. As the market continues to evolve, it's essential to monitor these pivotal levels closely. 💎 Stay strategic and flexible, Paradisers. Your ParadiseTeam is dedicated to navigating you through these market changes, ensuring you're well-prepared for effective and informed trading decisions.
Long
by MyCryptoParadise_Simon
1
Terra Luna Classic ($LUNC) Community Rejects Key Burn ProposalTerra Luna Classic community rejected a proposal to burn 800 million USTC, with LUNC and USTC price falling over 10%. The Terra Luna Classic community rejected a proposal to burn 800 million TerraClassicUSD (USTC) as they look for better ways to burn these. The community believes there are easy ways to burn funds from the Risk Harbor (formerly Ozone Protocol) multisig wallet without an update and any legal consequences. The Terra Luna Classic community was recently notified that Risk Harbor lost the keys and has agreed to blacklist the wallet. LUNC price fell 13% in the past 24 hours, with the price currently trading at $0.000149. The 24-hour low and high are $0.000142 and $0.000168, respectively. However, trading volume has increased 20% in the last 24 hours.
Long
by DEXWireNews
LUNA/USDT has Broken Descending Channel | What's Next?💎Yello, Paradisers! gear up for a captivating opportunity with LUNAUSDT as it gears up for a potential breakthrough beyond its descending channel. 💎Terra has been persistently testing its limits against a descending trendline, often encountering resistance at the supply level. 💎The current momentum is building up, indicating a promising chance for LUNA to surpass the supply threshold and advance towards the next significant supply zone. 💎In the event that LUNA faces challenges in surpassing the supply level, a bullish recovery from the existing demand level seems probable. This bullish perspective is further bolstered by an RSI divergence, which, upon detailed analysis, reveals a bullish trend. 💎On the other hand, if LUNA dips below the demand level, we might witness a substantial bearish movement towards the support level. It's crucial to keep a watchful eye on these critical levels as the market evolves.
Long
by MyCryptoParadise_Simon
1
LUNAUSDT Is it coming back from extinction?The story of Terra's (LUNAUSD) crash back in May 2022 is well known to everyone in the cryptospace. Shortly after its collapse and following the last dead-cat-bounce on September 09 2022, the price entered a Channel Down pattern in the last 14 months. In recent price action we see the possibility for a technical comeback though as not only has it reached today the top of the Channel Down but also is about to form the first Golden Cross on the 1D time-frame since August 17 2021!. As a result, we will turn bullish if a 1D candle closes above the Channel Down, targeting 2.500 (near Resistance 1). An early bullish break-out signal can be seen on the 1D MACD where it just formed a Bullish Cross on a Higher Lows trend-line. The same pattern during the last bullish leg within the Channel Down, after forming the Bearish Cross didn't invalidate it so quickly. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
LUNA Classic: Bullish Bat PCZ at Congestion ZoneLUNC was sent down to this support level after breaking through the B level of the Bullish Bat and confirming the breakdown with a Bearish 5-0, as seen here: Even as the rest of the market has risen, LUNC continued its downward path to the support zone, and now, just as the rest of the market looks like it wants to take a break, LUNC has finally settled down within the support zone and has formed two levels of MACD Bullish Divergence as the RSI went to the oversold zone. We might see LUNC do something that it has done in the past, which is to rally during a time of macro slowdown, as that's what the chart is implying right now.
Long
by RizeSenpai
1
😱Luna 2.0 will lose another ➖30%😱After the arrest of Do Kwon in Montenegro by the 👮‍♂️Interpol police👮‍♂️, there is a possibility that Luna will drop more than before, and at least it will drop to the Price Reversal Zone (PRZ) and Support line(➖30%). Terra Analyze ( LUNAUSDT ), Daily time frame ⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my Idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4