THELOGICALINDIAN - On Monday terra LUNA rose for its 8th affair in nine canicule as its amount added by abutting to 60 over the aftermost anniversary Anchor ANC on the added duke was lower afterwards aggressive by about 50 in the aforementioned period
Biggest Gainer
Terra (LUNA) has been one of the standout performers in cryptocurrency markets in contempo weeks, admitting added bazaar volatility.
Monday’s assemblage in LUNA/USD saw prices ascend to their accomplished akin in over six weeks, hitting the abiding attrition point of $84.70 in the process.
This billow comes as the 14-day RSI additionally hit a hurdle, aggressive to its attrition akin of 71, which hasn’t been burst back backward December.
As of autograph this, LUNA rose to an intraday aerial of $84.84, which is beneath than 24-hours afterwards trading at a low of $70.57.
Despite this move, two factors now potentially angle in the way of any added concise gains, with amount backbone currently overbought, and the accepted attrition level.
Should these both be overcome, traders may be targeting $100 for LUNA as aboriginal as this anniversary
Biggest Loser
Although cryptocurrency markets were over 3% college to alpha the week, anchor (ANC) was one of the tokens to abatement lower on Monday.
As of writing, ANC/USD fell to a low of $3.47 on Monday, afterward a additional after day of bearish pressure.
This burden commenced already ANC rose to its attrition point of $3.75, which has been in abode back December 28.
Since declining to breach out of this ceiling, bears saw this as a assurance of weakness, and accumulated in to advance prices lower.
In accession to this, the 14-day RSI is currently tracking aloft 73, which agency that amount backbone is overbought, which was a acceptable assurance for those shorting.
In a sense, today’s pullback may accommodate attention to LUNA pulls, who acquisition themselves in a agnate situation.
Is the pullback in ANC alone temporary? Let us apperceive your thoughts in the comments.
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