๐ฅ๐ฅ LUNC Price Shows Bullish Momentum Amid Key Resistance at 0.00012665: ๐๐
๐ LUNC consolidates above 0.00011533, supported by bullish Ichimoku signals.
Over 390 billion LUNC tokens burnt, boosting scarcity and sentiment.
Community efforts and Binance leverage updates boost long-term optimism.
๐ Luna Classic (LUNC) continues to attract investorsโ attention due to the recent price increase, burnings, and ecosystem growth. LUNC is currently trading at $0.00012503, which is up by 3.21% in the past 24 hours
Market analysts note that price movements indicate LUNC has been moving up since mid-November. That is primarily due to community-driven activities and technical signals.
๐ LUNC Price Bullish Momentum Backed by Technical Signals
LUNC price trend chart suggests that there is an upward movement with higher highs and higher lows, signaling bullish pressure.
๐ Other technical features such as the bullish formation known as a Golden Cross whereby the 13-day has crossed a 49-day moving average indicating a more bullish move.
Price remaining above the 13-day moving average adds to investor sentiment toward the continuing rally.
The Relative Strength Index (RSI) is set at 64.33, close to the overbought level that ranges from 70. This indicates buying pressure and the probability of a pullback in the near term if the indicator enters the territory of overbought levels.
