The broader market has made significant losses in the past 24 hours, given that BTC has retreated to trading below $45K. However, this action has not prevented altcoins from making gains. Terra LUNA is among the best performing altcoins in the market currently. The double-digit gains have enabled LUNA to create an all-time high.
LUNA is trading at $32.34 at the time of writing after a 33.8% gain in 24 hours.
LUNA Price Analysis
Terra is among the best gainers of the past month’s crypto market rebound. In the past month, its value has increased by more than 400%. Despite trader anxiety of sharp corrections happening, LUNA is still maintaining the uptrend. It has achieved an all-time high of $33.22 during intraday sessions in the past 24 hours.
Currently, LUNA ranks 12th in market ranking with a market capitalization of over $13 billion. Despite the lack of support from the broader market, the current upswing shows that buyers are the main cause for the gains. The next resistance lies at $34, after which LUNA will have created a new all-time high.
The slight dip from $33 to retesting lower support at $32 could be preparing Terra for yet another bullish rally. If buyers fail to jump in at this level, a further slump towards $28 could happen. However, this level could attract traders left out during the bull run; hence we could witness Terra shoot to beyond $35.
The recent surge in Terra comes when major DeFi platforms are experiencing significant uptrends. The upswing in DeFi coins is happening despite the increased chances of hackers taking advantage of these platforms. After the Poly Network hack, SushiSwap’s fundraising platform was almost a victim of a $350 million heist on August 17, but white hackers stopped the intrusion.
Where to Buy LUNA
If you want to buy LUNA, you can do so on the following exchange platforms:
One of the exchanges where you can buy LUNA Coins is eToro. eToro is a renowned social copy trading platform that favours beginner traders because it allows them to copy expert traders’ trading strategies. eToro also charges low trading fees and commissions.
The other platform where you can buy LUNA is OKEx. OKEx is one of the largest cryptocurrency exchange platforms. OKEx supports a wide range of cryptocurrencies and trading pairs. It also supports user-friendly features.
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