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LUNAUSDT

LUNA/USDT Looking Good For a Bounce Back to Supply Zone 🚀 💎The recent market activities for #LUNAUSDT have caught our attention. Currently, LUNA is finding footing at a support area, highlighted by a bullish rejection candle, signaling possible upward movement. 💎This setup suggests a bounce could be imminent, propelling #TerraLuna towards higher resistance targets. The presence of this bullish candle at support hints at a strengthening of momentum, potentially steering the price toward notable resistance levels. 💎Conversely, if NASDAQ:LUNA struggles to sustain this support or the bounce falters, it may point to a weakening of bullish forces. A drop below the support level could usher in a bearish phase, emphasizing the need for vigilance. 💎Monitoring #LUNA's response to this support zone is crucial. We need to watch closely for either a confirmation of the bullish trajectory or signs of a reversal to bearish trends. Stay alert, Paradisers, as these market shifts unfold. MyCryptoParadise i Feel the success 🌴
Long
by MyCryptoParadise_Simon
Do Kwon and Terraform Labs Found Guilty of Misleading Investors The recent civil fraud trial in the United States has found Do Kwon and Terraform Labs liable for misleading investors prior to the UST stablecoin collapse in 2022. The US Securities and Exchange Commission (SEC) had charged Kwon and Terraform Labs of falsely leading investors about the stability of TerraUSD, the network's stablecoin also known as UST. The UST stablecoin was designed to maintain a value of 1:1 against the dollar. The SEC also accused the defendants of falsely claiming that Terraform's blockchain was used in a popular Korean mobile payment app. The jury, after a two-week trial, agreed with the SEC's allegations and found the defendants guilty of civil fraud charges on Friday. The TerraUSD and Luna collapse caused a cryptocurrency market crash in 2022, which resulted in several companies going bankrupt. The collapse was severe enough that it sent shockwaves throughout the industry, leading to the arrest of Terraform Labs founder, Do Kwon, in Montenegro in March 2023. Following the verdict, a spokesperson for Terraform expressed disappointment and stated that the company would weigh its options. However, the SEC, through its Division of Enforcement Director Gurbir Grewal, emphasized the importance of compliance and registration in the crypto markets. According to Grewal, the lack of compliance and registration has real consequences for investors. US District Judge Jed Rakoff is expected to determine the penalties in the coming weeks after hearing from the SEC and the defendants. Terraform will be able to challenge the ruling on appeal after the final judgment in the case.
Short
by DEXWireNews
LUNA/USDT upward momentum from support? 🚀LUNA Today Analysis💎 Paradisers ,keep an eye on #LUNAUSDT as it’s currently in motion. The price is approaching a key support level at $0.9163. If it maintains momentum at this level, we could witness a bullish reversal. The sustained upward movement aims to target the major resistance at $1.4997. 💎 However, let’s be prepared for market fluctuations. Should #LUNA encounter obstacles at the aforementioned resistance, it might be prudent to reconsider our strategy. On our radar is a bullish recovery from the support zone around $0.8014, where the price has previously found stability. 💎 Caution is crucial! A breach below this critical support level could signal a shift toward a stronger bearish trend, potentially leading to increased selling. As we navigate the changes in the #LUNA market, staying vigilant and adaptable is paramount.
Long
by MyCryptoParadise
🚧LUNAUSDT is Bullish now🚧 & many Traders don't see it 👀!!!Hi. BINANCE:LUNAUSDT ✅Today, I want to analyze LUNA for you in a 1D time frame so that we can have a MID-term view of LUNA regarding the technical analysis. (Please ✌️respectfully✌️share if you have a different opinion from me or other analysts). LUNAUSDT is in the ascending phase by the cup and handle. LUNA is in a large C&H if it follows these pattern, the price will have a nice rally. ⭐The pattern increases the price by the amount of the measured price movement (AB=CD). ❗ Note that if the cup and handle is broken down with the power of descending candles, our analysis will fail. Stay awesome my friends. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Long
by CobraVanguard
3
Terra ($LUNA) Soars as Founder's Legal Saga Takes a New TurnTerra ( NASDAQ:LUNA ) Skyrockets Over 26% After Do Kwon’s Release The imminent release of Terra ( NASDAQ:LUNA ) founder Do Kwon from Montenegro's prison stirs a 26% price surge for Terra (LUNA). Market Analysis and Performance of Terra ( NASDAQ:LUNA ) The announcement of Do Kwon’s impending release has coincided with a notable surge in the price of Terra ( NASDAQ:LUNA ). Investors have responded positively to this development, leading to a significant 26% increase in Terra’s price. Currently valued at $1.105, with a circulating supply of $630,798,184.69 and a market cap of 690,802,291 LUNA. Terra’s recent performance has been impressive, with a 22.4% increase in price over the past 7 days and a remarkable 72.7% surge over the last month. These figures indicate a strong upward trend, suggesting favorable conditions for potential investors. The market sentiment surrounding Terra ( NASDAQ:LUNA ) is optimistic, with many recognizing its growth potential amidst recent developments. Background and Context of Do Kwon’s Legal Situation The legal saga surrounding Do Kwon traces back to a forgery case involving a fake passport, which ultimately led to his imprisonment in Montenegro. Following his arrest, Kwon was convicted by the court in Podgorica and subsequently served a prison sentence. However, the situation has been further complicated by conflicting extradition requests from the United States and South Korea, each presenting different charges against Kwon. The ongoing legal battle has underscored the importance of the Montenegrin Supreme Court’s review in determining Kwon’s extradition fate. This review process will be crucial in assessing the legality of the extradition requests and addressing the concerns raised by Kwon’s legal team. Furthermore, the announcement of Kwon’s release holds significant implications not only for his personal circumstances but also for the trajectory of Terra ( NASDAQ:LUNA ) and the broader crypto market.
Long
by DEXWireNews