LUNA: Long-Term Projection (Wait for <$70 - <$60)
LUNA is a high-beta altcoin, and it should see very high volatility over the next few months. $80 is current support - I'm watching this level closely. There IS a bullish case for LUNA, as if demand increases for its stablecoin, UST, this could cause the LUNA token to gain value.
The bearish case is that low liquidity in global markets may outwiegh any demand for stablecoins. Time will tell.
The bearish case is that low liquidity in global markets may outwiegh any demand for stablecoins. Time will tell.
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