Terra (LUNA) Attracts Attention in the Market

The cryptocurrency Terra (LUNA) has attracted investors’ attention by increasing its popularity in the past few hours. Especially trending on a social media platform has increased interest in LUNA. According to 21milyon.com, Terra’s market value has increased by more than 13% in the last 24 hours, reaching $889 million, and the token has been trading at $1.28. This increase has positioned Terra as the 110th largest cryptocurrency. Significant Increase in LUNA Value This increase in the price of LUNA has sparked widespread discussions in the cryptocurrency markets and increased its popularity on social media. However, despite the price increase, the overall market sensitivity being low may indicate investors’ cautious approach to LUNA. Additionally, reports from the analytics firm Santiment have shown increased development activities for Terra, which may be a sign that developers are actively improving the project. Considering the demand in derivative markets, high funding rates, and increasing open […]

Terra (LUNA) Attracts Attention in the Market

The cryptocurrency Terra (LUNA) has attracted investors’ attention by increasing its popularity in the past few hours. Especially trending on a social media platform has increased interest in LUNA. According to 21milyon.com, Terra’s market value has increased by more than 13% in the last 24 hours, reaching $889 million, and the token has been trading at $1.28. This increase has positioned Terra as the 110th largest cryptocurrency.

Significant Increase in LUNA Value

This increase in the price of LUNA has sparked widespread discussions in the cryptocurrency markets and increased its popularity on social media. However, despite the price increase, the overall market sensitivity being low may indicate investors’ cautious approach to LUNA. Additionally, reports from the analytics firm Santiment have shown increased development activities for Terra, which may be a sign that developers are actively improving the project. Considering the demand in derivative markets, high funding rates, and increasing open position prices, expectations of sustained price increase trends have been strengthened.

How Do Analyses Show LUNA and LUNC?

According to technical analyses of Terra, the MACD indicator indicates a strong upward trend in the market, suggesting that the bull market for LUNA may continue. However, the relative strength index (RSI) is bearish, which may raise some concerns about the sustainability of the upward trend. On the other hand, Terra Classic (LUNC), a sibling token of LUNA, has also shown a similar increase and is expected to experience further price increases in the coming days according to analyses. The RSI value of LUNC has also shown a sharp increase, providing positive signals for investors.

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