{"id":5509,"date":"2022-01-21T14:00:19","date_gmt":"2022-01-21T14:00:19","guid":{"rendered":"http:\/\/egrowonline.com\/?p=5509"},"modified":"2022-01-21T14:00:19","modified_gmt":"2022-01-21T14:00:19","slug":"terra-turns-bearish-but-price-still-looking-better-than-solana-and-cardano","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=5509","title":{"rendered":"Terra Turns Bearish but Price Still Looking Better than Solana and Cardano"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<div>\n<p><span>Amid larger market sell-offs and panic selling induced bear market while most of the top coins saw a sharp decline in price some held better than others. <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/luna\" rel=\"noopener\">Terra<\/a> (LUNA) was one such coin that noted a 5% daily fall in price and a 1.5% weekly decline. Notably, <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/eth\" rel=\"noopener\">Ethereum<\/a> lost over 10% price while other smart contract platforms like <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/ada\" rel=\"noopener\">Cardano<\/a> and <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/sol\" rel=\"noopener\">Solana<\/a> saw 10.54% and 12.4% losses respectively.\u00a0<\/span><\/p>\n<h2 id=\"terras-price-holding-well\"><b>Terra\u2019s Price Holding Well<\/b><\/h2>\n<p><span>Smart contract platforms like Cardano, Solana, Terra, and others were the star performers of last year noting high quarterly gains. Nonetheless, at the time of writing with the larger market looking rather bearish, most of the tokens followed <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/btc\" rel=\"noopener\">BTC\u2019s<\/a> suit. A sort of market dissociation that many of the aforementioned altcoins presented throughout last year couldn\u2019t be seen at press time.\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<p><span>However, it was notable that of the top 10 coins by market cap, Terra\u2019s LUNA token had lost the least amount of price. In addition to that, the 9th ranked altcoin still oscillated just above the long-term support-resistance line of $73.6.\u00a0<\/span><\/p>\n<figure id=\"attachment_873360\" aria-describedby=\"caption-attachment-873360\" class=\"wp-caption aligncenter\"><a target=\"_blank\" href=\"https:\/\/fxempire-media.s3.amazonaws.com\/fxempire-wordpress\/uploads\/2022\/01\/LUNA8.png\" rel=\"noopener\"><\/figure>\n<\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-873360\" class=\"wp-caption-text\">Source: Trading View | FXempire<\/figcaption><p><span>That said, Terra\u2019s trading volumes in the lower time frame had spiked alongside price losses which could be indicative of a panic-selling sentiment among LUNA HODLers. However, the coin\u2019s daily Relative Strength Index was still in the neutral zone noting a value of 49. Even though RSI made two lower tops as LUNA lost close to 10% price over the last five days, the coin holding crucial support level was still a long term bullish signal.\u00a0<\/span><\/p>\n<\/div>\n<\/div>\n<div>\n<div>\n<h2 id=\"collobs-and-developments-paving-way\"><b>Collobs and Developments Paving Way<\/b><\/h2>\n<p><span>Constant collaborations, inter-platform integrations, and ecosystem-centric developments play a key role in aiding coins\u2019 price trajectory. A few reasons why Terra could be holding well were the formation of the Luna Foundation Guard (LFG) and the launch of RoboHero, a metaverse game for smartphones based on the LUNA token. Further, Binance too had completed LUNA\u2019s integration into the exchange and activated deposits for the altcoin.<\/span><\/p>\n<p><span>Additionally, Terra\u2019s growth in total value locked in Defi had also grown over the last couple of months painting a macro-bullish picture for the coin in the long run. While TVL in the last 24-hours had dropped by 2.27% it still held well at the higher $17.9 billion mark.\u00a0<\/span><\/p>\n<figure id=\"attachment_873359\" aria-describedby=\"caption-attachment-873359\" class=\"wp-caption aligncenter\"><a target=\"_blank\" href=\"https:\/\/fxempire-media.s3.amazonaws.com\/fxempire-wordpress\/uploads\/2022\/01\/Screenshot-2022-01-21-182720.png\" rel=\"noopener\"><\/figure>\n<\/div>\n<\/div>\n<div>\n<div><figcaption id=\"caption-attachment-873359\" class=\"wp-caption-text\">Source: Defilama<\/figcaption><p><span>Notably, LUNA was also the top-performing smart contract coin of Q4, 2021 followed by <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/matic\" rel=\"noopener\">MATIC<\/a> and <a target=\"_blank\" href=\"https:\/\/www.fxempire.com\/crypto\/near\" rel=\"noopener\">NEAR<\/a>.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Price Performance of Top 10 Smart Contract Tokens<a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$LUNA<\/a> is the best performing token in Q4 2021<\/p>\n<p>&#x1f947; <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24LUNA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$LUNA<\/a> &#x1f316;<br \/>&#x1f948; <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$MATIC<\/a><br \/>&#x1f949; <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24NEAR&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$NEAR<\/a><a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$ONE<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$FTM<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24AVAX&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$AVAX<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24BSC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$BSC<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$ETH<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$SOL<\/a> <a target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DOT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"noopener\">$DOT<\/a> <a target=\"_blank\" href=\"https:\/\/t.co\/F3u7ACZ6aX\" rel=\"noopener\">pic.twitter.com\/F3u7ACZ6aX<\/a><\/p>\n<p>\u2014 Terra Daily &#x1f316; (@TerraLUNADaily) <a target=\"_blank\" href=\"https:\/\/twitter.com\/TerraLUNADaily\/status\/1484421631875641347?ref_src=twsrc%5Etfw\" rel=\"noopener\">January 21, 2022<\/a><\/p>\n<\/blockquote>\n<p><span>For now, with the larger market still struggling further losses taking LUNA to the $62 mark could be expected. However, a push from buyers if a \u2018buy the dip\u2019 sentiment takes over could aid quick recovery for the token.<\/span><\/p>\n<\/div>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.fxempire.com\/forecasts\/article\/terra-turns-bearish-but-price-still-looking-better-than-solana-and-cardano-873316\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amid larger market sell-offs and panic selling induced bear market while most of the top coins saw a sharp decline in price some held better than others. Terra (LUNA) was one such coin that noted a 5% daily fall in price and a 1.5% weekly decline. Notably, Ethereum lost over 10% price while other smart [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5510,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[44],"tags":[1147,266,195,84,356,2395],"class_list":["post-5509","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ada","tag-bearish","tag-cardano","tag-price","tag-solana","tag-terra","tag-turns"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/01\/shutterstock_2057905397-1.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5509","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5509"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5509\/revisions"}],"predecessor-version":[{"id":5511,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/5509\/revisions\/5511"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/5510"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5509"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}