Terra ($LUNA) Coin Recovers 18% as Analysts Call for Further Breakouts
LUNA coin, the native cryptocurrency of the Terra ecosystem, has seen a massive 18% surge since yesterday. It is giving investors renewed optimism.
Within a larger breakout, analysts are now calling this recovery the start of a bigger rally. This is because of recent buying momentum and the alignment of key technical indicators in favor of more upside.
At a time when the broader cryptocurrency market has been feeling the ups and downs of price swings, LUNA’s recent trajectory has caught the eye of not just retail investors, but institutional players as well.
This is exactly the moment many other altcoins are struggling to break out into bullish momentum, only for the asset to rapidly recover.
Potential breakout of $LUNA coin with a huge 18% price jump which is getting significant attention moving forward.
Analyst Javon Marks Predicts Major Upside for $LUNA Coin
One of the crypto analysts paying keen attention to LUNA’s price action has been Javon Marks. He thinks that the cryptocurrency is ‘warming’ for a much larger move.
Marks took to Twitter to share his followers with the rising buying volume of Terra’s native token. LUNA coin has broken out multiple price structures, says he, that can signal start of great upside move.
The analyst said the asset looks to feature a breakout. However, based on recent price action, if things continue, LUNA would soon witness significant gains.
Other market analysts share this view. They believe the recent surge is a turning point for LUNA.
$LUNA coin has surged 18% in just 24 hours, a price action that is grabbing press on crypto trading platforms. According to the latest data, LUNA is trading at levels it’s not seen in a long time. It occurred with a big bounce back after a time of relative doldrums.
LUNA had been struggling for upwards momentum for several weeks now, its price bouncing around in thin air.
