Luna Classic, Shiba Inu & Ripple — Asian Wrap 30 November


Terra’s Luna Classic price has been trading range bound for over a week. The consolidating range has produced higher highs and higher lows following each change of trend. If the technicals are correct, LUNC could be setting up for one more 10% decline before a market reversal occurs.

Shiba Inu price has investors honing in as the monthly settle may provide context for SHIB’s future price action. The bears are clearly in control of the trend, but there are subtle signs of bullishness that should be investigated. Due to these factors, SHIB could witness an influx of volatility in the coming days.

Coinbase’s decision to halt the support came from the lack of demand, which is a step up for the crypto market. This is because every negative development in the last few weeks in space has been caused by FTX’s collapse. However, the crypto exchange’s downfall is still a danger for XRP price, more so than the Coinbase wallet stopping support for the asset.



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