Luna Classic, Polygon & Bitcoin — Asian Wrap 18 November

Terra’s Luna Classic price (LUNC) heads south in a stair-step fashion. Currently, the technicals are at a make-or-break point. The next move will likely define the otucome for the remainder of the week. Key levels have been identified to gauge LUNC’s next potential move.

Polygon ranks third in top DeFi projects, based on its revenue. Polygon has witnessed a spike in user activity following the FTX exchange crash and bankruptcy. Analysts retain their bullish outlook on MATIC price, the token of the Ethereum-scaling solution. 

Bitcoin price is showing concerning technicals during the third trading week of November. Following the sharp decline witnessed earlier in the month, the anticipated bounce many traders have hoped for has succumbed to a bearish stronghold.