Terra (LUNA) has formed a symmetrical triangle: here’s where to buy it before it breaks out

Terra (LUNA) has formed a symmetrical triangle pattern after a long bullish trend that started on February 20, 2022. Following the symmetrical triangle formation, analysts are expecting the coin to massively break out as it continues its bullish trend.

$LUNA is among the few cryptocurrencies that have fully recovered from the recent price dip that was experienced across the entire crypto market.

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To help investors and traders who want to buy Terra (LUNA), Invezz has created a brief article to help with identifying the best places to buy it.

To find out more, please continue reading.

Best places to buy Terra (LUNA)

As LUNA is such a new asset, it’s yet to be listed on major exchanges. You can still purchase LUNA using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LUNA right now, follow these steps:

1. Buy ETH on a regulated exchange or broker, like eToro ›

We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.

2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask

You’ll need to create your wallet, grab your address, and send your coins there.

3. Connect your wallet to the Uniswap DEX

Head to Uniswap, and ‘connect’ your wallet to it.

4. You can now swap your ETH for LUNA

Now that you’re connected, you’ll be able to swap for 100s of coins including LUNA.

What is Terra (LUNA)?

Terra (LUNA) is the native token of the Terra blockchain.

Terra blockchain is a blockchain protocol that uses fiat-pegged stablecoins to power payment systems around the world.

LUNA holders can use the token to stabilize the price of Terra’s stablecoins and also to vote on governance proposals.

Should I buy the LUNA today?

If you want to invest in a cryptocurrency that is showing signs of breaking out soon, then Terra (LUNA) could be a good choice.

Nevertheless, you should be aware of the fact that buying the cryptocurrency market is extremely volatile.

LUNA price prediction

According to technical analysis, the price of LUNA has formed a convergence and analysts are expecting to break our massively and possibly rally to $135 or $140 before the end of April.

$LUNA social media coverage