Terra Price Up 25.8% to $40.96 – Where to Buy LUNA Weekend Bulls
The crypto market has begun the weekend with a pullback, as bitcoin has slumped back to $45K, while ether has dipped to $3200. The majority of cryptocurrencies are trading in the red zone after mimicking bitcoin’s trend. However, some altcoins are still making major double-digit gains. LUNA is trading at $40.96 at the time of writing after a 25.8% gain in 24 hours.
LUNA Price Analysis
In the past 24 hours, LUNA’s gains have enabled the coin to create a new all-time high at $43. The coin has also risen up the ranks to become the 11th largest cryptocurrency with a market cap of around $16 billion.
Despite the bearish sentiment across the broader market, LUNA is making significant strides attributed to increased support from buyers. If the buyers continue to accumulate more of the coin during the current uptrend, we could see Terra making a huge jump and breaking past the next resistance at $44.
The next targets for LUNA lie at $45 and $50. If buyers continue to support the coin, the price action could progress further and set LUNA for new all-time highs.
On the other hand, the broader market is bearish, and if buyer support is exhausted, LUNA could give in to the bearish pressure, in which case we could see the coin slumping to lower levels.
The lower support of LUNA is at $40 and $38. However, with Terra creating an all-time high, a dip at this point could trigger buying from traders who expect that support from the broader market will kick in again, and LUNA will move to new highs.
The growth in LUNA’s prices comes because of a major boom in decentralized finance (DeFi). Networks that support DeFi projects have been experiencing massive gains during the recent crypto bull run because of major growth in this sector. If the Terra blockchain announces more developments towards being DeFi savvy, we could see more LUNA gains.
Where to Buy LUNA
To buy LUNA during the current market bulls, you can create an account on the following platforms:
eToro is a social copy trading platform, which makes it ideal for beginner traders, as they can copy the trading strategies of expert traders. eToro charges low trading fees and commissions. It also supports a wide range of cryptocurrencies and trading pairs.
You can also buy LUNA from BitPanda. This is one of the largest exchange platforms, and it comes with a variety of cryptocurrencies and trading pairs. The exchange also supports a variety of user-friendly features.
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Read more: https://mcc.exchange/2021/09/11/terra-price-up-25-8-to-40-96-where-to-buy-luna-weekend-bulls/
Text source: MCC.EXCHANGE
