Hedera, Terra & FTX — Asian Wrap 18 January

Hedera Hashgraph price is currently enjoying backing from the bulls that have managed to push the altcoin to a two-month high. However, going forward, HBAR will need to see a consistent bullish effort in order to prevent a relapse and regain the November 2022 highs.


Terra’s Luna Classic price confirms the bullish trade idea mentioned in the previous outlook. Traders should be wary of the profit-taking consolidation as a deeper pullback could occur. Terra’s Luna Classic price broke up by 17% to the upside last week, tagging the liquidity above December’s high at $0.00019437.


FTX is making significant progress in its bankruptcy proceedings, given the recovery of assets coming to light. This is good news for the handful of traders still trading the bankrupt exchange’s native token, as the FTT price could react positively and rise further to maintain its standing above $2.00.