- LUNA surges 17% from its support, hitting an 11-month high of $1.36.
- Market cap and 24-hour trading volume rose by 17% and 63%, respectively.
- Bull Bear Power (BBP) and RSI suggest a potential bullish trend amid the consolidation phase.
Terra’s (LUNA) bullish momentum has recovered after a bearish trend dipped the price to a 7-day low of $0.7903, marking a significant uptick in its market performance.
However, in the last 24 hours, LUNA’s bullish momentum intensified, fueling a surge from an intra-day low of $1.078 to an 11-month high of $1.36 before facing resistance. At press time, LUNA was exchanging hands at $1.29, a 17% from the support level.
LUNA/USD 24-hour price chart (source: CoinStats)
During the bull rally, LUNA’s market capitalization and 24-hour trading volume surged by 17% and 63%, respectively, to $891,010,861 and $401,868,049. This surge reflects the heightened level of activity and interest among traders in LUNA’s bullish run potential.
As a result, analysts are closely monitoring these developments, as the increased trading volume coupled with the price surge suggests robust market participation and could sign…
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