Complex Factors Behind Market Crash Highlighted
- Market Crash Causes: Haseeb Qureshi from Dragonfly highlighted that the October market crash was driven by complex factors including Trump's tariff comments and Binance's API issues, which led to decreased market liquidity and impacted investor confidence.
- Lack of Safeguards: The event underscored the vulnerabilities in the crypto market due to the absence of circuit breakers, particularly as high leverage and Automatic Deleveraging Mechanisms amplified the risks, resulting in significant Bitcoin price fluctuations.
- Current Bitcoin Status: As of February 1, 2026, Bitcoin (BTC) is valued at $78,489.33 with a market cap of $1.57 trillion, reflecting a recent 6.33% price drop and a 90-day decline of 28.44%, indicating ongoing market volatility.
- Future Recovery Recommendations: Analysts suggest that the market's recovery may involve adopting circuit breakers similar to traditional finance to mitigate future crashes, while technological and policy adjustments could help establish a more resilient financial ecosystem.
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Technical Analysis for LUNA
Technical Sentiment Analysis for Terra (LUNA) As of , Terra (LUNA) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LUNA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LUNA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Terra (LUNA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0267 | 0.0394 | 0.0526 | 0.0653 | 0.0785 | 0.0912 | 0.104 |
| Fibonacci | 0.0394 | 0.0493 | 0.0554 | 0.0653 | 0.0752 | 0.0813 | 0.0912 |
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