Analitičar predviđa veliki korak za Ethereum Rival Terra (LUNA), ističe "veoma bikovski" pokazatelj za Bitcoin

A popular crypto analyst says one Ethereum (ETH) rival is on track to hit a new all-time high after surging by 25% in 33 hours.

In a new YouTube video, the host of the financial channel InvestAnswers kaže his 433,000 subscribers that Terra (LUNA) has excellent entry points in the fluctuating market while holding strong support at $76.

The InvestAnswers host forecasts how high LUNA could rise amid the rising popularity of Terra’s stablecoin TerraUST (UST), which has become the third-largest stablecoin by market cap.

“Luna je tačno na 50-dnevnom pokretnom prosjeku na oko 93-94 dolara, a mi bismo trebali ići na 110-120 dolara. [Terra također ima] treći najveći stabilcoin [UST] po tržišnoj kapitalizaciji.”

As for Bitcoin, the analyst says that the price of the leading crypto asset by market cap could go up based on the correlation between BTC and the US dollar index (DXY) in terms of price movement.

“After a big DXY rally, the Bitcoin price rallies. Also, the corollary is also true. After the DXY tanks, Bitcoin then tanks afterwards and on and on.

We saw it in June 2020. We saw the big sell-off in summertime 2021 and right now, we had a huge dollar index rally and this is the third one of its kind over the last five years. It’s only happened three times before. Every time it did happen, we rallied after the fact, so that’s another piece of very bullish indicator that we see.”

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