Let's first look solely at the TA. Pro Blue Osc is heading up towards the zero line in a V shaped recovery. RSI is in the buy zone and MACD just completed a Bullish cross. People may say this is silly because it has crashed so violently that it's typical to see indicators moving up after this kind of carnage. Remember, TA is TA and if you caught some of this bounce then you have done very well. TA shows us there is potentially more upside to come.
Now let's consider the macro catalysts. If there is a Fork they are stating it will not be a true fork where history is gone and a new coin is created. The proposition states Terra 2.0 will just start with a new Genesis Block. There is also major discussion about a 3% tax being created to fund a major burn, thus reducing supply and allowing MC to rise with a rewarding token price. Either way some whale and or entity has been accumulating LUNA, as retail throwing $100 in each, in no way can create the volume on the buy side LUNA is seeing.
Does someone like CZ at Binance have a plan to save the day, make an extraordinary amount of money and secure themself as King of Crypto? Looks like we will soon find out.
@DrBehnamK I saw all the transactions and heavy purchases in different exchange offices !!! Some of them were very large And very strange and suspicious !! I think they bought 99% of the total supply and have it !!! I think it was funded by the Terra Foundation
naim1984
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emmm rather easter and xmas will be on one and the same day....
Hosseinm725
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Luna is too big to be lost forever! :)
TheKitchenTrader
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@Hosseinm725, Agree. I also think the SK Gov't is working behind the scenes to save face.
Hosseinm725
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@TheKitchenTrader Interesting! Let's see how it goes. May 27 - 29 wil be really important.