Widely followed crypto strategist Ethereum (ETH) rival Terra (LUNA) is ready to hit record highs despite common sideways behavior across the crypto market. It states.
Pseudonym trader Caleo told his 473,900 Twitter followers that decentralized finance (DeFi) payment network Terra (LUNA) could surge at least 70% if it surpasses a record $ 104. I’m talking.
“LUNA is an outlier in the crypto market, which is otherwise sluggish.
If LUNA can regain highs from here, we expect price discovery to extend to resistance in high timeframes ranging from $ 150 to $ 170. “
At the time of writing, Terra is exchanging hands for $ 87.48, down more than 7% in the last 24 hours.
Kaleo says looking at the LUNA (LUNA / BTC) for Bitcoin, he sees the pair recovering to the short-term target of 0.0038 BTC ($ 149) before taking corrective action.
“The LUNA / BTC pair is already price-discovering. I would be shocked if I could only see 25% of the pumps after more than two months of accumulation to get there.”
Caleo isn’t the only one to have recently expressed a bullish outlook on Ethereum’s rivals. Fellow trader Altcoin Sherpa believes that the seventh largest crypto asset by market capitalization is on the rise as it repeatedly establishes higher highs and higher lows.
“There are lots of crazy bets and so on. With that fundamentals we are going for this. [LUNA is] In my opinion, it is still one of the most bullish coins and has a bullish market structure with a high time frame. Personally, I want to shorten everything else. “
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