Following a prolonged consolidation between the $60 – $50 range in February, LUNA has finally broken free and has painted a new five-week high at $69.50. This bullish move comes after yesterday’s slump on the Russia-Ukraine crisis, following a spike at the $65.20 top.

With a bullish golden cross on the brink of formation, we can expect the renewed bullish momentum in the ninth-largest cryptocurrency to persevere above the $70.00 round figure ahead of a possible volatility spike as we head into the weekend.

Meanwhile, my resistance levels are $70.00, $80.00, and $90.00, and my support levels are $60.00, $50.00, and $40.00.

Total Market Capitalization: $1.76 trillion

Terra Market Capitalization: $25.2 billion

Terra Dominance: 1.43%

Market Rank: #9