CandleFocus Terra (LUNC) and (LUNA) Prices React to SEC Lawsuit
2024-10-31
Author: Content Editor
Terra Labs is facing a legal battle with the U.S. SEC, which has sparked interest in the prices of Terra Classic (LUNC) and Terra (LUNA). Both tokens have shown significant trading activity and price shifts. LUNC has experienced an upward trajectory and increased trading volume, suggesting growing investor interest. Key support and resistance levels are identified, and if trading volume remains high, LUNC may attempt to break its resistance levels. Similarly, LUNA has seen a price increase and a surge in trading volume. Key support and resistance levels are also identified for LUNA, and if trading volume continues to rise, it may challenge its upper resistance. Both tokens have high trading volume relative to market cap, indicating volatility and strong buyer or seller confidence. Continued growth in trading volume could lead to price breakthroughs, but weakening volume momentum may result in a test of support levels for both tokens.
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