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While the market is consolidating at the current levels, some altcoins are making incredible gains. Terra LUNA is among the best gainers in the market currently after a sharp rise in 24 hours. These gains have led to LUNA reclaiming its all-time high, and it is currently ranking 22nd in market capitalization.
LUNA is trading at $21.81 at the time of writing after a 30.3% gain in 24 hours.
LUNA Price Analysis
Terra is currently on a steady uptrend that could lead to the coin retesting another all-time high. In the past 24 hours, LUNA has reached an all-time high of $22.97. this uptrend has mainly been attributed to buying support.
If buyers continue to rally up demand for Terra, we will see the coin heading towards another resistance level of $24. This is a possibility, given that market support remains strong at this point. Terra will be headed for another bull run to $30 and beyond if it reaches this level.
LUNA has gained by over 230% in just one month, which means that the coin could be heading to a dip if buyers sell to leverage the current high returns. If LUNA dips, we could see the altcoin heading towards the lower support of $17, which was the level Terra was trading at before the market made a sharp increase.
The Terra LUNA blockchain is an e-commerce blockchain platform that offers access to stablecoins pegged on fiat currencies. The Terra network facilitates cross-border payments and also offers low fees, and promotes instant settlements.
In mid-July, the Terraform Labs ecosystem received $25 million in a funding round aimed at helping the platform expand its ecosystem by launching projects similar to CHAI, one of the largest mobile payments firms in South Korea.
Where to Buy LUNA
If you want to buy LUNA coins, you can do so on the following platforms:
eToro is one of the leading cryptocurrency exchanges. It supports various cryptocurrencies and trading pairs. eToro also supports friendly features like copy trading to allow new traders to learn from market experts.
The other platform where traders can buy LUNA is KuCoin. KuCoin is also another leading exchange platform. It supports new traders by giving them access to copy trading, allowing them to copy expert traders’ trading strategies.
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