LUNA price analysis: After an extended period of stagnation, LUNA had some renewed interest from investors on May 30, 2024. This pump comes shortly after Terraform Labs and Do Kwon agreed to settle the fraud case with the United States Securities and Exchange Commission (SEC). Terra price hovered at $0.67 during European business hours on Friday, an 11.5% increase in 24 hours and another 11.6% increase in 7 days, CoinGecko data shows.
LUNA Price Analysis: Impending Golden Cross Prompts $1 Amid Settlement with SEC
Terra (LUNA) Price Chart
LUNA price had been in consolidation for the past 46 days before it finally exploded out of the range in a 43% move. The token worth $508 million in market cap sported a death cross on April 5, 2024, which led to a sustained downward trend for the asset.
The charts, however, show a different story with the latest Terra developments. The 50-day simple moving average (SMA) is on the verge of crossing above the 200-day SMA. This would form a golden cros
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