Biggest Movers: LUNC up 40% on Monday, as Do Kwon Faces Possible Arrest

Terra classical roseate by implicit 40% connected Monday, arsenic markets reacted to the quality that laminitis Do Kwon was wanted by Interpol. Cosmos besides traded higher, rebounding from caller declines.

Terra Classic (LUNC)

Terra classical was 1 of Monday’s astir notable movers, arsenic the token roseate by implicit 40% to commencement the week.

Following a debased of $0.0001825 connected Sunday, LUNC/USD roseate to an intraday highest of $0.0003272 earlier today.

The determination came pursuing quality that Interpol had issued a reddish announcement for Terraform Labs co-founder Do Kwon.

Looking astatine the chart, today’s rally came aft a failed breakout effort of LUNC’s level of $0.0002375, with bulls alternatively pushing prices higher.

Historically, this level has been an country wherever a important magnitude of bullish unit resided, arsenic seen from a akin determination connected September 5.

As of writing, bulls whitethorn beryllium acceptable to look a hurdle successful the signifier of a absorption level astatine 55.00 connected the 14-day comparative spot scale (RSI).

Should this obstacle beryllium overcome, past we volition apt spot traders effort to instrumentality LUNC adjacent to a ceiling of $0.0003820.

Cosmos (ATOM)

In summation to terra classic, cosmos (ATOM) was besides up during Monday’s volatile session, with the token continuing to rebound from caller losses.

ATOM/USD surged to a precocious of $14.85 to commencement the week, which saw prices ascent higher for a 2nd consecutive session.

Following past Wednesday’s FOMC (Federal Open Markets Committee) meeting, ATOM fell to beneath its enactment constituent of $13.35. However, it has mostly consolidated since.

As of writing, the token is up astir 5% from Sunday’s debased of $13.71, and is presently trading astatine $14.79.

Despite Monday’s surge successful price, the 10-day (red) moving mean looks positioned for a downward cross, which could beryllium a motion of further declines.

Currently the RSI is beneath a ceiling of 54.00, and if it moves past this constituent we whitethorn spot sentiment successful cosmos shift.

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Is it imaginable for cosmos to deed $20.00 successful October? Let america cognize your thoughts successful the comments.