Dogecoin price has been consolidating below the $0.0712 to $0.108 range.

A swift recovery above $0.0712 could trigger a 25% rally for DOGE holders.

A daily candlestick close below $0.0624 will invalidate the bullish thesis. 

Dogecoin price shows a struggle as it approaches key blockade. A successful flip of this hurdle into a support floor could kickstart an explosive move higher for DOGE bulls.

Dogecoin price has been consolidating below the $0.0712 to $0.108 range for nearly 40 days. The Awesome Oscillator has flipped above the zero line, and Relative Strength Index (RSI) has also moved above the mean level at 50. 

These signs indicate that the bullish momentum is on the rise. Lastly, the Wave Trend indicator has also managed to flip above the zero line, with a potential bullish crossover on its way.  So, investors need to keep a close eye on Dogecoin price, which is edging closer to a breakout.

A decisive flip of the $0.0712 hurdle into a support floor on the daily or a higher timeframe would trigger a bull rally. The short-term target includes the sell-side liquidity at $0.08. The second target would be the midpoint of the aforementioned range at $0.0896. 

This move, in total, would constitute a 25.77% gain for Dogecoin price. 

On the other hand, if Dogecoin price gets rejected at the $0.0712 resistance level, it could retrace 11.50% to tag the $0.642 support floor. A breakout of this support barrier would create a lower low and invalidate the bullish thesis.

In such a case, Dogecoin price could revisit the $0.0539 foothold. #LUNCARMY #CryptoWorldbyINQ2 $DOGE

Over the past several months, much has been achieved with updating the Blockchain. Cosmos SDK and Tendermint have both undergone major version upgrades, and the blockchain has achieved wasm parity.

However, due to recent events where the L1 Task Force has been blackmailed and has had sensitive personal information released to the public without their consent, with a heavy heart, Frag and LuncBurnArmy have resigned effective immediately.

Family safety and security come first, and this decision was not made lightly.

Next Steps

Surplus Q2 funding will be sent back to the community pool, as the team completed the second quarter under budget.

Q3 funding allocated for LuncBurnArmy and Frag will be sent back to the community pool.

Vinh, Xi, Gevik and Superman will remain on for Q3.

The main point of contact for the L1 Task Force with the community will be Vinh. Please contact Vinh with any questions related to the L1 Task Force.

LuncBurnArmy and Frag wish to thank all of the Luna Classic validators for their professionalism and support through all of the upgrades, and the community for all of their support during the past two successful quarters.

#Binance #LUNCARMY

$LUNC $USTC

We are committed to ensuring a seamless transition for Terra Classic Shuttle Bridge users after its shutdown. To facilitate asset withdrawals, we have devised a sunset plan that will safeguard the interests of the Terra Classic community. Here are the details:

From 15 Aug. 2023, the Ethereum and #Binance Smart Chain (BSC) bridges will be migrated to the Portal (Wormhole) bridge. This decentralized solution will enable smooth bridging transactions between Terra Classic and Eth/BSC as long as the Portal bridge remains operational.

The migration to the Portal (Wormhole) bridge ensures that users have continued access to their assets even with the shutdown of the Terra Classic Shuttle Bridge.

The Harmony Shuttle bridge will be maintained until 31 Dec. 2023. This extended timeframe is crucial as no alternative bridges exist for Harmony and Terra Classic. Users can still bridge their Harmony assets back to Terra Classic through the Shuttle bridge during this period.

However, after 31 December 2023, the ability to bridge Harmony assets to Terra Classic will be discontinued. Any unclaimed Harmony assets will be sent to the community pool after 31 Dec 2023.

#LUNC #LUNCARMY

$LUNC

As Terra Luna Classic (LUNC) experiences a 10% rebound from its recent lows, the crypto community is buzzing with anticipation. 

The key question on everyone's mind is: Can #LUNCARMY reach the coveted $1 mark in 2023? 

This update delves into the Terra Luna Classic price predictions, examining the various factors that could influence its trajectory in the near to mid-term future.

From market trends and technological developments to wider economic influences, we will explore the potential paths for LUNC's price growth in the exciting and often unpredictable world of cryptocurrency.

Court documents filed in Illinois detail allegations of collusion between Jump Trading and Terraform Labs to artificially inflate the price of TerraUSD (UST), an algorithmic stablecoin that ultimately failed to gain traction. 

According to court filings filed on May 9, the company purchased millions of UST tokens in 2021 with the goal of artificially inflating the token's value to $1.

According to the complaint, Jump Trading was an early backer and partner of Terraform Labs. 

Jump has signed multiple contracts with Terraform and its subsidiaries from November 2019 through September 2020 to "borrow tens of millions of [Terra] LUNA tokens" and "supply market-making services for transactions in LUNA, UST, and aUST."

These deals gave Jump Trading "the chance to acquire LUNA tokens at a significantly reduced price, which could then be sold back into the market to boost Jump's own profit."

The legal allegations against Jump Trading and #Terraform Labs could significantly impact the price of #Terra Luna Classic (LUNC). 

The lawsuit brings into question the legitimacy of the practices used in the trading and market-making of LUNC tokens, potentially leading to a loss of trust among investors.

It's also worth considering that the news of the lawsuit could cause panic selling among LUNC holders, leading to a drop in the token's price. 

However, it's important to note that these are potential scenarios, and the actual impact will depend on several factors including the outcome of the lawsuit, market sentiment, and the broader state of the crypto market.

Further on the higher side, an additional bullish breakout of this level can expose LUNC towards $0.000096, a level that marks a 61.8% Fibonacci retracement. 

On the downside, the LUNC/USD pair could potentially find immediate support near $0.000086, and a dip below this level could potentially pull the LUNC price down toward the $0.00008218 or $0.000079 mark.