LUNA, AMP Jump Over 20% Higher on Friday  – Markets and Prices Bitcoin News

Crypto markets appeared to have temporarily shaken off recent volatility, with AMP once again leading the day’s bulls. Terra’s LUNA also surged, climbing by as much as 20% during Friday’s trading session.

AMP

AMP is currently trading over 24% higher in today’s session, climbing to its highest level since last Saturday.

Friday’s rally in AMP came following a false breakout yesterday, at its floor of $0.0239, with prices now trading slightly above resistance.

The $0.2950 ceiling is the limit for AMP/USD. However, this ceiling was only marginally breached as prices rose to an intraday peak of $0.02993.

AMP trades at a very low $0.02337 just 24 hours before. However, bullish pressure has seemed to have roiled the market.

The 14-day RSI soared to a peak of 47.8 at 10 days. This level has been a resistance for recent sessions.

This ceiling might be broken if momentum keeps rising and AMP may soon trade at multi-week highs.

Terra (LUNA)

LUNA was the next-biggest gainer of today, rising by almost 40% within seven trading days.

After four days of gains, LUNA/USD reached a record $68.80 as of Friday’s writing.

LUNA was trading at a low of $56.62 yesterday, which then followed a breakout of its $61.30 resistance, which was the main catalyst for today’s gain.

The breakout prompted bulls to return to the market longer-term, pushing prices up to their highest levels in four weeks.

Following a fall from the 58 resistance level in June, the 14 day RSI is currently at its highest point since then.

Bulls will likely be looking for $70.00 to exit the market.

This could be possible as soon as tomorrow. We would love to hear your comments.

Eliman Dambell

Eliman has a broad perspective on market analysis. He is a former brokerage director and retail trading teacher, and he can also be a market commentator for Crypto, Stocks, and FX.