Galaxy Digital to pay $200M over Terra promotion fallout
Galaxy Digital Settlement: Michael Novogratz’s firm Galaxy Digital has agreed to pay $200 million in a settlement for allegedly promoting the collapsed cryptocurrency Terra (LUNA) while failing to disclose key information, profiting significantly from its price increase.
False Claims and Market Impact: The New York Attorney General's office accused Galaxy of spreading false claims about Terra's usage, particularly regarding its association with the Chai payments app, which contributed to the market collapse of Terra and its stablecoin, UST, wiping out billions in value.
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Technical Analysis for LUNA
Technical Sentiment Analysis for Terra (LUNA) As of , Terra (LUNA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 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 | 0.0279 | 0.0401 | 0.0521 | 0.0643 | 0.0763 | 0.0885 | 0.101 |
| Fibonacci | 0.0401 | 0.0493 | 0.055 | 0.0643 | 0.0735 | 0.0792 | 0.0885 |
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