The crypto market had a sudden comeback towards the end of July after most currencies made massive gains. Despite dominant currencies such as bitcoin and ethereum failing to recover to their all-time highs, their performance pushed most altcoins towards an uptrend. LUNA is among the coins making massive gains.
Terra LUNA is trading at $12.33 at the time of writing after a 5.7% gain in 24 hours.
Terra LUNA Price Analysis
Terra LUNA has managed to push past the $10 resistance. If there is increased buying pressure, LUNA could be headed towards a breakout past $14. However, resistance might be encountered at $15, and if market supports holds, we could see the token consolidating at this level. The LUNA/BTC pair has also gained, showing positive momentum for the altcoin.
On the downside, the token could also be headed towards a fall, where it might retreat towards the $9 and $8 levels. However, the coin will be on a monthly bullish gain here, and a strong bearish flag will only come into play when the coin pushes below $6. Volatility is currently high; hence if there is a downtrend, it could be a sharp one.
On July 30, Terra LUNA was added to Changelly as one of the over 200 cryptocurrencies supported by the platform. The addition of the coin on the cryptocurrency exchange is good news because it shows that demand for cryptocurrency is increasing.
The Terra network has shown great promise of being the next Ethereum killer, where it will compete with other popular networks like Ethereum and Solana. Terraform Labs is a three-year platform that is gaining increased adoption, which will be good for the price of LUNA.
Where to Buy LUNA
If you want to buy the token, you need to create a cryptocurrency exchange on the following platforms:
One of the platforms where you can buy LUNA is eToro. eToro is one of the reliable and reputable cryptocurrency exchange platforms. eToro gives you access to a wide range of features such as copy trading and a demo trading account. Its trading fees are also highly competitive.
The other platform where you can buy LUNA is Huobi. Huobi is also one of the leading exchange platforms. It is also renowned for high liquidity, given that it has high trading volumes. Huobi is also supported in various countries.
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