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The Terra price saw a 42% surge in the last 24 hours to trade at $1.18 as of 5 a.m. EST, while trading volume skyrocketed 310%.

LUNA has soared 162% in the past 30 days.

Terra tokens have outperformed most of the top cryptocurrencies over the last 24 hours, as well as on a weekly and monthly basis.

Terra Price Outlook

The Terra price has been showing increased volatility throughout November, but skilled traders noticed signals suggesting that a significant price surge is coming.

The price rallied and corrected last month but remained bullish. Around November 27, the coin broke the central falling wedge, and experts predicted it would see up to 400% gains.

It has been a week since these predictions of an upcoming rally, and while LUNA did not go up by 400% — at least not yet — the chart below shows that the bullish forecast was correct.

LunaUSDTLunaUSDT

Despite this, specific indicators, including narrow Bollinger Bands, suggest that the token might see a correction. The Relative Strength Index (RSI) shows that LUNA has recently entered the overbought territory, especially in the early hours of today.

While there is still significant demand for LUNA, its price may see a correction before it retests the resistance at $1.20, which prevented its further growth earlier today.

Promising Alternative to Terra

If you are concerned about that correction risk, you might consider TG.Casino (TGC), a new crypto casino that offers an exclusive online, anonymous crypto gambling platform.

It is fully licensed and safe, and users can acquire the project’s token, which offers multiple benefits that include a 25% cashback on all losses when betting with the TGC token.

As for the project’s presale, it is one of the most successful this year, having raised over $3.33 million at the time of writing.

Furthermore, the project’s token sells for $0.175 per unit, but it will see a price increase in under three days. With current predictions saying that the token’s price could grow by 100x on listing, buying it as cheaply as possible is the best way to ensure the biggest gains.

Those who decide to join the presale can buy TGC in exchange for ETH or USDT.

Related News:

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