Fun

Biggest Movers: LUNC up 20% on Saturday, XRP Moves Towards 1-Week High

News Feed - 2022-09-17 11:09:23

Biggest Movers: LUNC up 20% on Saturday, XRP Moves Towards 1-Week High


Terra classic rose by as much as 20% in today’s session, which comes following a recent bearish streak. Today’s rally follows Thursday’s drop to a key support point, with bulls using this as an ideal area to reenter. Xrp was also higher, as it moved closer to a long-term resistance level. Terra Classic (LUNC)


Terra classic (LUNC) was one of the most notable gainers on Saturday, as the token rose by nearly 20% to start the weekend.


Following a low of $0.0002671 on Friday, LUNC/USD rose to an intraday peak of $0.000328 earlier today.


The move came as the token hit a floor of $0.000248 on Thursday, with bulls using this as an ideal point to reenter the market. LUNC/USD – Daily Chart


As of writing, it appears that these bulls are now targeting a resistance level of $0.000380 as a potential exit zone.


If this were to happen, first the 14-day relative strength index (RSI) would need to climb past a ceiling of its own at the 55.00 mark.


Currently the index is tracking at 53.41, which is its highest point since the start of the week. XRP


Like terra classic, XRP was also in the green to start the weekend, as the token moved closer to a key price ceiling.


On Friday, XRP/USD found itself trading below a support point of $0.3260, with prices falling to as low as $0.3212.


However, bulls refused to be overpowered, pushing price to a peak of $0.3571 earlier today. XRP/USD – Daily Chart


Looking at the chart, XRP is now nearing a resistance level of $0.3610, which was its level at the beginning of the week.


In order to recapture this high, price strength will need to rise further, especially as the RSI nears a resistance point of 56.00.


Register your email here to get weekly price analysis updates sent to your inbox: Tags in this story Analysis, LUNC, Terra, Terra Classic, XRP


Will we see crypto prices stall ahead of next week’s interest rate decision? Let us know your thoughts in the comments. Eliman Dambell


Eliman brings an eclectic point of view to market analysis, he was previously a brokerage director and retail trading educator. Currently, he acts as a commentator across various asset classes, including Crypto, Stocks and FX. Historical Bitcoin Price Trends Are Traditionally Bearish in September, While BTC Market Revivals Follow in October MARKET UPDATES | 6 hours ago Bitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues MARKET UPDATES | 11 hours ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleBitcoin, Ethereum Technical Analysis: ETH Nears 2-Month Low, as Post-Merge Sell-Off Continues Next articleThese Are the Most Profitable Proof-of-Work Algorithms Since Ethereum Moved to Proof-of-Stake Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItToday"s Top Ethereum and Bitcoin Mining Devices Continue to Rake in Profits


As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per ... read more.Bill ‘On Digital Currency’ Caps Crypto Investments for Russians, Opens Door for Payments Digital Ruble ‘Much Needed,’ Russia’s Central Bank Says, Won’t Delay Testing Economist Predicts the Fed"s Response to Inflation Will Push Crypto Higher Ethereum Foundation"s Financial Report Discloses It Holds $1.6 Billion in Assets, 80.5% Held in Ether

News Feed

Customers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’
Christopher Roark12 hours agoCustomers protest exchange bankruptcy plan: ‘We never gave FTX our coins!’A committee representing the interests of FTX customers is pushing back against a proposed bankruptcy plan, claim
Ohio to consider accepting crypto for tax payments and fees
Derek Andersen3 hours agoOhio to consider accepting crypto for tax payments and feesThey tried once in 2018, but the State Board of Deposits "failed" to show any enthusiasm.763 Total views3 Total sharesListen t
Bitcoin Beach co-founder claims Bitcoiners want to move families to El Salvador
Turner Wright4 hours agoBitcoin Beach co-founder claims Bitcoiners want to move families to El SalvadorThe Bitcoin-friendly area of El Salvador has attracted many visitors using crypto, but are people considering moving
Martin Young4 hours agoCardano DEX MuesliSwap to refund users after slippage confusionThe MuesliSwap team wants to refund users who have lost funds to high slippage due to the way the DEX’s matchmaker was set up.1531 T
Bitcoin Reclaims Crucial Liquidity Level – No Resistance Left Below ATH
Este artículo también está disponible en español. Bitcoin is trading near the $103,000 level following a highly bullish Friday that has energized the market. The recent s
Bitcoin still lacks $60K support as BTC price nears $100M liquidity zone
William Suberg10 hours agoBitcoin still lacks $60K support as BTC price nears $100M liquidity zoneBitcoin traders are upping the stakes amid a tightly rangebound few days for BTC price action.5585 Total views3 Total shar
Celestia (TIA) Set For Major Breakout? Top OTC Exec Warns Of Supply Shock
Este artículo también está disponible en español. In an analysis shared on X, Taran Sabharwal, CEO of Stix—a leading OTC trading platform specializing in liquidity solu
XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Apple used Google’s chips to train its AI — where does that leave Nvidia?
Tristan Greene7 hours agoApple used Google’s chips to train its AI — where does that leave Nvidia?Nvidia’s shrinking market cap could signal a shift in the generative AI developer’s market.2172 Total views22 Tota
China’s Congress Passes Cryptography Law, Effective Jan. 1, 2020
The Standing Committee of the 13th National People’s Congress in China passed a cryptography law on Saturday that will be effective on January 1, 2020, according to a Chinese media report.
Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions
Crypto Miners Blamed for Power Supply Deficit in Kazakhstan, Government Mulls Restrictions Kazakhstan is facing electricity shortages and cryptocurrency mining has been singled out
Big Players Bet Big On XRP, Solana With Excitement Around Donald Trump’s Presidency, Here Are The Figures
Este artículo también está disponible en español. The return of Donald Trump to the presidency has caused a wave of enthusiasmin the digital asset market, with institutio