1 August 2026
Terra (LUNA) Records a New All Time High
Terra Foundation’s aim to become the single largest Bitcoin Wallet has driven a bullish momentum in LUNA price.LUNA is constantly recoding ATH for the past couple of days.LUNA’s price remains distinct from getting exhausted despite displaying extreme strength, and hence price could easily hit $200 by the end of April 2022.
After a new all-time high, LUNA has become the 7th largest Crypto asset after surpassing Cardano and XRP. Additionally, the Terra Foundation has become the 3rd largest Bitcoin Treasury. Currently, it is holding more than 30,000 BTC to back its stablecoin UST.
Terra has also recorded another milestone in terms of TVL. Its TVL hits an All-Time High of locking assets worth more than $31 billion. LUNA’s price may witness a gigantic rally. The price is expected to cross $150 in the next couple of days.
According to analysis, the short-term projections are extremely bullish as the price is following a strong uptrend parallel channel.
LUNA is trying hard to ease out the selling pressure completely by hovering close to the ATH at $118.Once the sellers get exhausted, the price may be compelled to jump back into action.
However, if the bulls get exhausted, then the price may drop below $110, but with a quick flip, the price may again trade at $115.
LUNA’s rebound is expected to be extremely strong, and hence the asset may achieve another milestone beyond $122 by the end of the week.
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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