Technical Analysis: LUNA Leads Crypto Rally, ANC Slips Under Bearish Pressure – Market Updates Bitcoin News

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LUNA rose for its 8th session in nine days, as its value increased by close to 60% over the last week.

On Monday, terra rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor , on the other hand, was lower after climbing by almost 50% in the same period.has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility.saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process.

Despite this move, two factors now potentially stand in the way of any further short-term gains, with price strength currently overbought, and the current resistance level.Biggest LoserAs of writing, ANC/USD fell to a low of $3.47 on Monday, following a second consecutive day of bearish pressure.

 

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