As reported by AMBCrypto, Terra [LUNA] has surged 226% over the past 9 days and 45.8% in the last 24 hours, driven by the Terra Chain upgrade v2.18. The price has seen strong trading volume, with the On-Balance Volume (OBV) surpassing December 2024 highs. Technical indicators like RSI and Fibonacci levels suggest potential for further gains, with key resistance levels at $0.28, $0.51, and $0.72. However, a potential pullback could occur if the H4 RSI forms a bearish divergence and prices fall below $0.15.
Terra [LUNA] Surges 226% in 9 Days Amid Chain Upgrade v2.18
AMBCryptoShare
Summary
Terra [LUNA] has surged 226% in 9 days and 45.8% in 24 hours, fueled by the Terra Chain v2.18 upgrade. On-chain data shows OBV hitting December 2024 highs. On-chain analysis reveals RSI and Fibonacci levels pointing to possible gains, with key resistance at $0.28, $0.51, and $0.72. A pullback may follow if H4 RSI shows bearish divergence and price drops below $0.15.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.