IS THIS THE FINAL END OF $LUNA ? đš Here The Answer đ
Terraform Labs has announced an imminent bankruptcy (scheduled for 9.19.2024)! In order to have a form of legal protection and voice into potential negotiations with creditors, Terra Labs will file Chapter 11 (C11). By signing C11, Terra Labs basically has the right to continue operations while restructuring! So, is it a Bad or a Good news at the end? Before that, [Please Vote on my Profile](https://app.binance.com/uni-qr/cpro/InnovAlain?l=en&r=376316070&uc=web_square_share_link&us=copylink) đ. It is NOT good for sure! Bankruptcy filing introduces significant uncertainty and potential changes that could impact LUNAâs price. In bankruptcy, creditors typically have priority over shareholders. So, if Terra Labs has significant debt, creditors may be paid before any returns are made to investors. This may potentially leaves investors with losses!
Currently, LUNA's price is around $0.349, showing minor fluctuations between $0.34 and $0.4. The market is still volatile and the price dynamics are, as I mentioned, influenced by the pending bankruptcy proceedings. LUNA remains unstable, with technical indicators like MACD and RSI suggesting bearish trends. Be Aware! â ïž
Will LUNA Survive? đ€ Let Me Know In Comments!
STAY TUNED! đ„ & Remember, Your Support Is MASSIVELY Appreciated!đđȘ Also Don't Forget To Share It To Your Buddy! đ
- DYOR đ NFA.đ€
#LUNAUpdate #LunaTerraClassic #TerraLabs #cryptoalerts
đ **Crypto Market Shake-Up: Ethereum Whales on the Move!**
- **Whale Selloffs:** Ethereum (ETH) whales holding over 10,000 ETH have been offloading their holdings, sparking curiosity and speculation in the crypto world. đ
- **Market Shift:** This trend might indicate a shift towards altcoins, with RCO Finance (RCOF) catching significant attention.
- **Why RCOF?** RCO Finance stands out with its AI/ML-based platform, offering high returns and asset tokenization, making trading easier and more accessible.
- **Join the Discussion:** What do you think about this shift? Share your thoughts in the comments!
Stay tuned for more updates! đŹ
â ïžBreaking Updates Regarding $WLD $ZRO $PEOPLE
Humble request Vote for me and Support us đ
WLD (Worldcoin)Support Level: $1.50Short-Term Target: $1.75
Analysis: WLD has shown positive momentum. If it holds above $1.60, consider buying with a target of $1.75. Set a stop-loss at $1.50. The recent trend suggests a potential for further gains if the support level is maintained.
ZRO (LayerZero)
Support Level: $3.50Short-Term Target: $3.80
Analysis: ZRO is trending upwards. If it stays above $3.60, consider buying with a target of $3.80. Set a stop-loss at $3.50. The upward trend indicates a strong buying interest, which could lead to a breakout if the resistance level is tested.
PEOPLE (ConstitutionDAO)
Support Level: $0.055Short-Term Target: $0.065
Analysis: PEOPLE has shown a positive trend. If it maintains above $0.058, consider buying with a target of $0.065. Set a stop-loss at $0.055. The current momentum suggests a potential for a reversal if the support level holds.
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#BTCâ #MtGoxJulyRepayments #Write2Earn!
#BinanceLaunchpoolTON #BinanceLaunchpoolDOGS
In recent weeks, #BTC and altcoin markets have been experiencing some of the most low-volume and stagnant periods. The spot volume is weak, and the market is generally moving sideways. However, despite this lackluster performance, ETF investors have purchased over $200 million in the last three days, and their holdings continue to grow.
At the same time, Coinbase continues its buying trend, with the platform showing a strong buying bias. On the other hand, #Binance remains more seller-dominated, indicating that the two major platforms are following different strategies. While buy and sell orders are currently balanced, resulting in no significant increase in the spot CVD (Cumulative Volume Delta), the fact that Coinbase is in a buying position is a positive signal.
Yesterdayâs close above $61k was also a good sign, and as long as there is no close below $58k, the short-term outlook can be considered positive. The buying activity on Coinbase and the ETF inflows are positive, while the on-chain metrics and the increase in global liquidity mentioned in my last video indicate that the long-term outlook remains favorable.
In this scenario, key factors for investors to watch include maintaining the $58k level and Coinbase's continued buying position. This situation provides important signals for both the short-term and long-term market outlook.
$BTC #BinanceLaunchpoolDOGS
{spot}(BTCUSDT)
đ„ Cardano (ADA) Price Climbs 8%, Prompting Long-Term Holders to Sell
Cardanoâs (ADA) price recovery has been strong, but it might stop before it reaches $0.38.
This is due to the surge in profits noted among ADA investors, which seems to be luring investors to sell.
đž Cardano Investors Look out for Themselves
As Cardanoâs price began recovering, it brought profits to the network. Investors had been waiting for this for a long time, as the July crash brought the price to a nine-month low. Thus, with the 8% rise in the last 24 hours, gains increased too.
An additional 12% of the ADA supply has become profitable in just three days. This sudden shift into profitability could lead to a wave of selling as investors look to secure their gains.
Thus, as more ADA holders find themselves in a profitable position, the temptation to sell may increase. This could potentially put downward pressure on Cardanoâs price, disrupt the recent uptrend, and introduce volatility into the market.
The average holding time of the transacted ADA coins has already risen to five months. This longer holding period suggests that even mid-term holders are selling now. When older coins move, they impact the price action.
This is because these holders are known for their resilience, and their actions are a sign of waning confidence. As a result, Cardanoâs price could lose the gains it has noted in the last few days.
đž #ADA Price Prediction: A Breach May Fail
Cardanoâs price is standing under the resistance of $0.37, and they are attempting to flip it into a support floor. A bounce back from this level in the past has led to gains for the investors, and the same could happen again.
However, if the aforementioned factors are considered, Cardano may not breach this barrier. As a result, the altcoin could fall back to $0.34, entering consolidation.
On the other hand, a successful breach could carry ADA to $0.40. Breaching this barrier would bring Cardano to test $0.42 as resistance, invalidating the bearish thesis.
{spot}(ADAUSDT)
[VOTE AND EARN 5 DOLLARS](https://app.binance.com/uni-qr/cpro/CryptoPrincess?l=en&r=359246578&uc=app_square_share_link&us=more) đđž
Grayscale Investments announced the launch of the Grayscale Avalanche Trust on Thursday, providing accredited investors with a new opportunity to gain exposure to cryptocurrency.
According to a Grayscale Investments press release, the newly established trust focuses on Avalanche (AVAX), a blockchain platform designed to optimize scalability, security, and decentralization.
Grayscale Brings AVAX for Accredited Investors
The Trust is now open for daily subscription and operates similarly to Grayscaleâs other single-asset investment trusts. It concentrates solely on investing in the AVAX token, which powers the Avalanche network and is also known for its role in facilitating real-world asset (RWA) tokenization. $AVAX #Laraxenteam #laraxen #LaraxenFamily
{spot}(AVAXUSDT)
đ **AVAX Bounces Back!**
- After a 6-month slump, AVAX is shaking off the blues with a 45% surge, now trading at $25.25. đ
- The altcoin hit rock bottom at $17.29 but is now on the rise, thanks to positive vibes and fewer token unlocks post-2024.
- Big news: Grayscale launched the "Grayscale Avalanche Trust," and Franklin Templeton expanded its blockchain fund to Avalanche.
- Investors are buzzing, hoping for a sustained uptick in spot buying volumes.
- Keep an eye on AVAX; it might just hit $28-$33 soon!
*Disclaimer: Do your own research before investing!*
**AVAX Price Reversal: A New Trend on the Horizon?**
After nearly six months of decline, AVAX is showing signs of a trend reversal. On August 5, it hit a nine-month low at $17.29 but has since surged 45% to $25.25.
Several factors might be driving this uptick. The Avalanche token unlock schedule reveals a significant reduction in token unlock events after 2024, which many believe reduces sell pressure and supports long-term value.
Additionally, Grayscale Investments launched the "Grayscale Avalanche Trust," and Franklin Templeton expanded its blockchain fund to the Avalanche network, boosting investor sentiment.
While these developments aren't directly related to AVAX's fundamentals, the positive news could be influencing its price. Sustained spot buying volumes and increased margined long positions could push AVAX to the $28-$33 range.
Stay tuned for more updates!