bullish

Show

Resistance

Terra

<ul class="wp-block-list">
 <li>LUNA’s falling wedge breakout signals a potential +400% midterm rally for investors.</li>  
 <li>Buyers show strong momentum, pushing LUNA’s price up by over 85% in recent weeks.</li>  
 <li>Resistance levels are key as bulls aim to maintain upward trends and break key barriers.</li> 
</ul>  
<p>Recently <a href="https://cryptonewsland.com/terra-luna-flips-binance-smart-chain-for-defi-tvl/" rel="noopener noreferrer nofollow">Terra (LUNA)</a> has been showing promising signs of a breakout as buyers return to the market. Recent price patterns reveal a potential +400% midterm rally. After spending time trading in a narrow range, LUNA has triggered a sharp upward move. This breakout has investors excited about the possibility of a major price surge in the near future. Key resistance zones are now coming into focus, signaling potential opportunities for traders and investors.</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/CryptoFaibik/status/1865664438474285414
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-luna-s-price-action-show-renewed-buyer-strength">LUNA’s Price Action Show Renewed Buyer Strength</h2>  
<p>The <a href="https://coinmarketcap.com/currencies/terra-luna-v2/" rel="noopener noreferrer nofollow">price of LUNA</a> has struggled to maintain consistent growth despite showing impressive upward momentum. Buyer efforts pushed the price up by over 85% in gains. However, the battle between bulls and bears is still active. If bulls manage to gain the upper hand, LUNA could break through interim barriers and resistance zones with ease.</p>  
<p>LUNA is displaying a similar price action pattern to Terra Classic—LUNC. These similarities suggest the bullish trend could continue to strengthen as momentum builds. The falling wedge breakout pattern highlights that upward movement could accelerate as traders gain confidence.</p>  
<h2 class="wp-block-heading" id="h-what-s-next-for-luna-investors">What’s Next for LUNA Investors?</h2>  
<p>Traders should closely monitor key resistance levels for signs of confirmation. A strong and sustained move above these zones could confirm the +400% rally predicted by market analysts.</p>  
<p>Investors must remain aware of shifting market trends while considering opportunities to invest. LUNA’s <a href="https://www.investopedia.com/terms/t/technicalindicator.asp" rel="noopener noreferrer nofollow">technical indicators</a> and recent buyer activity are creating an optimistic outlook. Confidence has returned to the market as bulls show strength and renewed momentum.</p>  
<p>Investors and traders must stay cautious but prepared as opportunities could emerge at any moment. Now is the time to observe market movements closely and prepare for a potential rally. LUNA’s upward potential makes this one to watch in the coming months.</p>   
<p>The post <a href="https://cryptonewsland.com/terra-luna-bulls-are-back/" rel="noopener noreferrer nofollow">Terra (LUNA) Bulls Are Back: Falling Wedge Breakout Hints at a +400% Surge</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Terra (LUNA) Bulls Are Back: Falling Wedge Breakout Hints at a +400% Surge

Table of Contents

Crypto News Land

Other articles published on Dec 9, 2024

Top analyst predicts massive growth for DOGE, PEPE, and new meme coin

Grayscale Joins Race for Spot Solana ETF

Genius Group boosts Bitcoin reserves with $2.2 million investment

Pepe Price forecast: Pepe pumps 26% to new ATH as investors weigh buying now or later

Binance Relaunches Web3 Wallet with Unified Features and $5M Airdrop Event

Argentina Opens Global Crypto ETF Investments with New CEDEAR Instruments

Join our free newsletter for daily crypto updates!