Terra, Solana & Bitcoin – American Wrap 27 May

Bitcoin price broke out of a bear flag setup on May 6, leading to a 36% crash in a week. The BTC nosedive from an all-time high at $69,000 to $32,837 between November 10, 2021, and January 24, 2022, creating the pattern’s flagpole. Meanwhile, The consolidation in the form of higher lows and higher highs between January 14 and May 22, created an ascending parallel-like structure known as a flag.

Why you should capitalize on this 60% upswing in Solana price

Solana price shows an interesting divergence on the high time frame chart that could kick-start a much needed swing rally. Therefore, investors need to pay close attention to SOL, which could allow patient buyers to capitalize on this opportunity.

Scam Alert: How to avoid trouble on Terra’s LUNA 2.0 airdrop

While Terraform Labs prepares for the airdrop of the new LUNA 2.0 tokens, cybercriminals have taken advantage of the release and created fake airdrops of wrapped LUNA 2.0 tokens. To make the scam seem legitimate, these tokens have been airdropped to Vitalik Buterin, co-founder of Ethereum, Justin Sun, founder of Tron, and Andreesen Horowitz, a private American venture capital firm.