Opinions de Lunc100Usdt(@Lunc-100-Usdt)

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XRP And LUNC Communities Scoff At Gary Gensler’s Call For SEC Tip XRP and LUNC communities mocks Gary Gensler for asking people to report suspicious market activities to the US SEC, complaining about regulatory overreach. HIGHLIGHTS XRP, LUNC, and other communities expressed disdain and mocked Gary Gensler. Crypto community blamed Gensler for his regulatory overreach on crypto. XRP and LUNC prices recorded no upside momentum in a year amid lawsuits. U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler on Friday shared an important post asking individuals to report possible securities fraud or violations to the agency. However, XRP, LUNC, and other crypto communities expressed disdain and mocked him for asking people to submit a tip or complaint to the agency despite regulatory overreach concerns. Gary Gensler Faces Hate From Crypto Communities SEC Chair Gary Gensler took to X and encouraged individuals to report suspicious market activities to the SEC, asking to submit a tip or complaint directly on the website. The post received over 600 replies from different crypto communities within an hour. Members from the XRP and LUNC communities mocked Gensler believing that the call to action was unwarranted and undermined the integrity of the crypto market. Crypto market participants view it as a sign of increased regulatory scrutiny. Some complained about Gary Gensler and the SEC ruined Binance and Paxos’ BUSD stablecoin business. The SEC later dropped the investigation on Paxos over BUSD stablecoin after Judge Amy Jackson rejected the SEC’s securities laws violation claims against BUSD sales. Crypto community blamed Gensler for his regulatory overreach on crypto, failing to provide regulatory clarity to the burgeoning industry. Lawmakers earlier raised similar concerns about the SEC’s overreach hampered the growth of crypto and blockchain technologies in the United States.

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Terra Classic Price Stabilization Efforts and Potential for 12-14% Rally The Terra classic coin has been under a correction trend for the past four months. Amid the ongoing market consolidation, the LUNC price fell from $0.000255 high to $0.0000711 accounting for a loss of 72.16%. The downward trend is now trying to stabilize above a support trendline intact since November 2023. The coin price rebounded thrice from the dynamic support indicating a crucial accumulation zone for buyers. The recent reversal from this support has uplifted the asset 12.8% to trade at $0.000081, while the market cap wavers at $443.2 Million. However, the overhead resistance at $0.000084 has stalled this recovery, shifting the price trajectory sideways. A look at the 4-hour chart shows a textbook range formation between the $0.000084 and $0.000079 support. A potential breakout from the $0.000084 resistance will accelerate the bullish momentum and bolster LUNC to surpass $0.000088 for a 12-14% rally. However, the potential upswing could face major resistance at a downsloping resistance developing a descending triangle. In theory, the chart setup is known to raise the selling momentum amid a consolidation phase and result in an aggressive downfall. Thus, a breakout above the overhead trendline is crucial for buyers to regain control over this asset. A successful breach will signal an early sign of trend reversal and bolster buyers to chase the initiated target of $0.000139. Technical Indicator EMAs: The 20-day Exponential Moving Average slope offers a dynamic resistance leading to the current correction trend. ADX: The Average Directional Index value high at 32% indicates an overextended downfall which could witness a consolidation to regain strength.

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Terra Classic Price Seeks Stability After 72% Decline: Key Support Levels in Focus Terra Classic Price aims to stabilize after a 72.16% drop, rebounding 12.8% to $0.000081. A breakout above $0.000084 could trigger a 12-14% rally, but resistance from a descending triangle remains a challenge. HIGHLIGHTS The LUNC price may prolong a sideway trend within the formation of a descending triangle. A negative crossover between the daily EMAs (20, 50, 100, and 200) indicates the path to least resistance is down. The intraday trading volume in the LUNC coin is $14.6 Million, indicating an 11% loss. The Terra Classic price has showcased a sluggish sideways trend for over a week, neglecting the broader market rebound. Its daily chart produces short-body candles with long wicks indicating no dominance from bulls or bears to drive this asset. With the overhead supply intact, the LUNC price is posed for another retest to multi-month support to renewed bullish momentum.

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LUNC Price To Hit $0.0001 In July? LUNC price dropped over 1% in the past 24 hours, with the price currently trading at $0.00008196. The 24-hour low and high are $0.00008050 and $0.00008366, respectively. However, trading volume has decreased further by 21% in the last 24 hours. Binance LUNC burn, Terraform Labs’ LUNC and USTC burn, and Tax2Gas implementation in July to provide the necessary push in LUNC price, with the community expecting a recovery above $0.0001. Meanwhile, USTC price trades at $0.01783, down 1.5% in the last 24 hours. The 24-hour low and high are $0.01755 and $0.01802, respectively. Trading volume has decreased by 12%, indicating a dip in interest among traders. In the derivatives market, LUNC and 1000LUNC futures open interests have fell in the last 24 hours. Traders now awaiting the monthly close and further cues from macro for trading in July.

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