Do Kwon Seeks Maximum Five-Year Sentence in TerraUSD Case
Do Kwon's Legal Situation: Do Kwon, co-founder of Terraform Labs, has pleaded guilty to conspiracy and wire fraud related to the TerraUSD collapse and is seeking a maximum five-year prison sentence in the U.S., while South Korean prosecutors are pursuing a 40-year sentence.
Impact on Investor Trust: The collapse of TerraUSD has significantly shaken investor confidence in stablecoins and the broader DeFi market, leading to a decline in activity related to Terra and LUNA tokens.
Regulatory Scrutiny: The incident has drawn attention to the need for stricter regulatory measures in the crypto space, with calls for enhanced compliance to prevent similar failures in the future.
Market Conditions: Despite the turmoil, the algorithmic stablecoin Ultra Salescloud (UST) has shown no recent market activity, maintaining a market cap of $0, highlighting ongoing challenges in the stablecoin sector.
Get Real-Time Alerts for Any Crypto Movement
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 | 0.0266 | 0.0394 | 0.0525 | 0.0653 | 0.0784 | 0.0912 | 0.104 |
| Fibonacci | 0.0394 | 0.0493 | 0.0554 | 0.0653 | 0.0752 | 0.0813 | 0.0912 |
About LUNA
About the author
