This weekend, the crypto market has been making ups and downs. Various coins have consolidated, while some are still making significant gains. Terra LUNA is among the best gainers in the past 24 hours, with a two-digit jump in value. LUNA’s gains this month have allowed the coin to make a new all-time high, and the altcoin currently ranks as the 11th largest in terms of market capitalization.
LUNA is trading at $34.88 at the time of writing after a 13.5% gain in 24 hours.
LUNA Price Analysis
LUNA’s gains in the past 24 hours have been phenomenal, as it managed to create an all-time high of $35.79. However, it failed to maintain this level and slumped slightly back to support at $34. This support could be gearing up LUNA for another bull rally.
Buyer support is currently strong, and if demand continues to increase, we could see LUNA heading towards the upper resistance of $36, thus creating a new all-time high. If it rallies past this level, LUNA will start trading at the $40 level and become one of the best gainers this month.
The coin failed to hold the $35.79 high created in the past 24 hours, which could be attributed to weakening market support. If it slumps again, the token will test lower support of $32. Before the 24-hour bull rally, LUNA was trading at around $31, and such levels could be tested again if stronger bulls fail to hold.
The coin has been gaining despite the weakening market support because of increased activity on the Terra blockchain. The blockchain has been getting increased interest and adoption, a factor that has positively influenced LUNA prices. The recent endorsement of Terra was by Crypto IRA, a self-driven individual retirement account that added it as one of the supported altcoins.
Where to Buy LUNA
If you want to buy LUNA, you can create a cryptocurrency exchange account on the following platforms:
one of the trusted exchanges where you can buy LUNA is eToro. eToro is a renowned social copy trading platform where a new trader can learn how to trade crypto by copying expert traders’ strategies. eToro’s trading fees and commissions are also competitive.
You can also purchase LUNA from BitPanda. BitPanda is also one of the renowned exchange platforms. It is supportive of a wide range of cryptocurrencies and trading pairs. BitPanda is also supported in various countries.
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