The Layer 1 blockchain’s LUNA token has retraced by more than 10% over the past 24 hours, dipping from a high of $87.80 to a low of $78.80.
The nonprofit organization announced that it had bought more Bitcoin with the help of Genesis Trading and Three Arrows Capital, bringing its total reserves to around 80,394 Bitcoin.
A sustained close below the pattern’s neckline at $77.70 could result in a 35% correction, potentially sending prices below $50.
Breaching this significant supply wall could encourage sidelined investors to re-enter the market, which could help the token revisit its previous all-time high.
The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc.
You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice.