Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

Technical Analysis: LUNA Hits New High, as Biden Signs Crypto Executive Order

LUNA hit a new all-time high, as markets reacted to news that U.S. president Joe Biden had signed an executive order on cryptocurrencies. Biden wants his government to examine the “risks and benefits” of crypto, news of which sent the likes of NEAR and ANC almost 20% higher. Terra (LUNA) Following a bear run that lasted almost seven days, terra (LUNA) rallied on Wednesday to reclaim its position as the world’s sixth-largest cryptocurrency. As of writing this, LUNA/USD is up by over 25% on the day, breaking past its resistance of $86.24 in the....


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