Market Overview USUAL has faced significant selling pressure, with the price down 19.36% in the last 24 hours. The token is trading near its 24-hour low of $0.5568, indicating weak momentum and potential bearish continuation.
Technical Indicators Moving Averages (MA & EMA): Price trading below key averages, signaling a bearish trend. Bollinger Bands: Wide range; price near the lower band, showing oversold conditions. SAR (Stop and Reverse): Bearish; dots above the price action.
Outlook Bearish Scenario: A breakdown below $0.5568 could lead to further declines, testing $0.5286 or lower. Bullish Scenario: A bounce from current levels and a break above $0.6053 may signal recovery.
Advice Monitor closely for potential consolidation near the $0.5568 level. High risk of volatility; short-term traders may find scalping opportunities. Consider market sentiment and trading volume for confirmation of reversal or continuation.
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Summary: 👉 Terra Luna Classic is the native token of the original Terra ecosystem. Terra Luna Classic was originally LUNA, which had an interdependent relationship with TerraUSD (UST), an algorithmic stablecoin. UST aimed to achieve stability through an elastic supply mechanism enabled by LUNA, which is minted or sold based on the demand preferences of the UST token. Due to a significant price reduction in the LUNA token, UST could not maintain its peg to the U.S. Dollar, resulting in a collapse in both tokens' prices. Following the collapse, the ecosystem decided to launch a new token under the name Terra Luna and rebrand the original token to Terra Luna Classic.
"Judge Grants Ripple and Brad Garling house's Request for Summary Judgment in $XRP Lawsuit"
1. The lawsuit between Ripple Labs and the U.S. The Securities and Exchange Commission concerns the SEC’s claim that Ripple conducted an unregistered securities offering by selling $XRP tokens.
2. The SEC argues that XRP should be classified as a security, while Ripple maintains that XRP is a cryptocurrency, not subject to SEC regulations.
3. This case has attracted significant attention due to its potential to impact the regulation of digital assets in the United States.
4. In January 2025, a judge approved Ripple and its CEO Brad Garlinghouse’s request for summary judgment, a legal motion that could avoid a full trial. 5. The motion argued that the SEC had failed to prove that XRP is a security.
6. The judge’s approval is seen as a major development, but the final decision will depend on the court’s ruling after additional legal proceedings.
7. The case could set important precedents for the future regulation of cryptocurrencies.