LUNA Is Preparing For A Recovery As 3 Key Metrics Show

LUNA is preparing for recovery as three key metrics show but it is still far from its ATH so let's have a look at the altcoin news today. LUNA's price lost 31% over the past four weeks and erased all of the gains that it accrued year to date and though the token continues to

Timeline of Terra-luna

In the early hours today, Bitcoin had reclaimed the $40,000 range before slightly sliding down towards the $39,500 level. However, the flagship currency is still on a green candle posing as a ladder for Ethereum and other altcoins to have a bull rally. Among many such altcoins is Terra (LUNA) Price which is down by …

Inspired by Pokémon GO, Expedition is Terra based Play-to-Earn Augmented Reality (AR) game that recorded 65,000 waitlist signups on the 27 April being its first day. While leveraging the AR technology, the game allows its players to earn $LUNA.

Anchor Protocol, the largest DeFi platform on Terra, recently reduced its annual yield rates in a bid to improve the platform's sustainability. The move comes after users approved a proposal in March to introduce dynamic interest rates.

Fireblocks, the provider of digital asset and crypto technology, recently announced that it has become the first platform to launch institutional DeFi access to Terra, “the second-largest decentralized finance (DeFi) protocol by total value locked (TVL).” Now, Fireblocks customers can “securely access all of the.

LUNA price opened the session higher with a constructive candlestick but erased all the gains as the day proceeded. The price fell like a pack of cards in a highly volatile session.

Terra's native token LUNA slumped over the past week as a broader downturn in the crypto market hit the token particularly hard. It is the among worst performing tokens among the top-10 cryptocurrencies in the past week.

Since reaching an all-time high of $119.55 on April 5, Terra (LUNA) has been declining. On April 18, the coin hit a low of $75.67. Since then, the price has risen. Above the $102 region, the all-time high and subsequent decrease have created a bearish divergence. LUNA was predicted to confirm the $102 area as …

The Terra (LUNA) price finds a surge in buying pressure, resulting in an upside breakout of the falling wedge pattern in the 4-hour chart. Moreover, the morning star pattern increases the chances of a sustained uptrend reaching the psychological barrier of $100.