🌖 Luna Classic struggles to overcome key resistance: Big drop ahead?
#TerraLunaClassic [$LUNC ] retested the two-month-old range’s highs during the recent rally but was unable to breach the resistance level. It climbed past the mid-range level on the 21st of August when #Bitcoin❗ [$BTC ] jumped above the $60k mark.
The #bankruptcy court order in #TerraformLabs ’ case meant the Shuttle Bridge could be opened to facilitate token movements between Terra and other blockchains. This could help in the company’s restructuring efforts.
