Investing.com – is one of the few blockchains that can show a profit today, contrary to the general negative trend.
This weekend, co-founder Do Kwon tweeted that he was in no way on the run. The South Korean prosecution, however, sees things a little differently. Last week, she issued arrest warrants for Do Kwon and five other TerraForm Lab executives. Cooperation with Interpol should lead to the extradition of Do Kwon by Singapore.
After the collapse of the Terra blockchain, Do Kwon had left South Korea for Singapore. However, Singapore authorities have just announced that Do Kwon is no longer in the country. All the more reason for the South Korean prosecutor’s office to make it known that Do Kwon is “obviously on the run”, contrary to what he stated in his tweet.
The prosecution further announced that Do Kwon had hired lawyers who informed the prosecution that he was not available for a personal interview.
Terra Tech Course Marks
The recovered from yesterday’s drop below the 61.8% Fibo retracement of $0.0002775. From here, the bulls appear to be targeting the resistance at the 50 percent Fibo retracement of $0.0003375.
If they manage to achieve a daily close above this level, the bullish move may be extended towards the 38.2% Fibo retracement of $0.0003975.
If, on the other hand, the daily closing price is below the 61.8% Fibo retracement, losses should be expected towards the 78.6% Fibo retracement of $0.0001921. This support is reinforced by the psychological level of $0.0002000.
By Marco Oehrl