Terra, Ethereum and ApeCoin – European Wrap 15 July

Terra (LUNA) price is finally coming back among the living as it has broken above the opening price of Monday morning and is set to close the week with a daily and a weekly gain. The recovery comes on the back of a bounce at the 23.6% Fibonacci level that has triggered a rally up to $0.000105 thus far. With US equities in the green, it looks the US session will add more coal to the fire and might even see LUNA price hit $0.000107 by the US closing bell this evening.

Ethereum (ETH) price is set to give a little bit of a blow to short-sellers as ETH price made a miraculous recovery on the back of a bounce from the $1,043 handle. Going into the weekend, it will be crucial to see where price action is closing on Friday. For now, the US equity futures are pointing to a green spur, with cryptocurrencies primed to surf that tailwind and go out the week with a positive bang.

ETH/USD Daily chart

ApeCoin price prepares for a quick run-up after breaking out of a significant hurdle. Patient investors are likely to be rewarded on APE’s next move.

APE/USDT 1-day chart





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