What’s in Store for Terra Luna Classic?

As the crypto bears battered LUNC to a shocking 35.3% monthly deficit, the #LUNCcommunity is now looking for ways to reduce the coin’s overprinted supply. This rejuvenation plan is heavily boosted by Binance, which eliminated 62 billion tokens from circulation.

This accounts for almost 50% of all burned LUNC coins, now piling up to 125 billion $LUNC . The community burn efforts cut down the supply to 5.46T; the maintained scarcity has yet to see price appreciation from LUNC. Even though the efforts didn’t bring an immediate price impact, the altcoin’s Chaikin Money Flow (CMF) spiked to 0.38 as of press time, serving as a strong money inflow signal.

In contrast, other important on-chain factors like the Relative Strength Index (#RSI ) pointed to an overbought condition at above 70 on the one-hour technical charts. Crypto traders should consider the coin’s forthcoming price volatility, as the widening Bollinger Bands suggest hefty price fluctuations.

As of press time, #LUNC✅ trades at $0.00007108, slightly rebounding from the weekly lows of $0.00006035. This barrier marked a new three-month low for LUNC, retracing back to the levels of October 25, 2023. As most indicators remain bearish, #TerraLunaClassic ’s push to $0.0001 will be likely met with severe resistance.
#CPI_BTC_Watch

#TerraClassic chain validators on X are marking 20% as the next checkpoint for LUNC’s staking ratio. By increasing the metric, chain supporters are looking to reduce the remaining LUNC supply in addition to the burning procedures. Ultimately, this offers long-term potential for the crypto in question, as a large chunk is locked for multiple years.

However, #LUNC✅ has faded below the $0.0001 support territory since June 17, 2024, with the global market cap slicing from $800 million three months ago to $388,198,208 as of July 8, 2024. Meanwhile, holders continue to showcase confidence in $LUNC , leaning on the staking & burning mechanism’s efficiency.

Terra Luna Classic Sees Staking Boom, Shifting LUNC Dynamics

The embattled #TerraLunaClassic (LUNC) chain has hit an all-time staking record, now sporting a solid staking ratio of 15.03%. At 1.018 trillion LUNC coins staked, the staking fund treasury now equals approximately $69 million at the current price range.

Benefits Of 1T LUNC In Staking Vault
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

🇲🇾 Cryptocurrency #Miners in #Malaysia have stolen electricity worth 3.4 billion ringgit (~$724.9 million) from 2018 to 2023, reports Malay Mail.

Deputy Minister of Energy Transition Akmal Nasir stated that such activities harm the country and have been expanding recently.

⚡️ Electricity thefts often go unnoticed due to the lack of local accounting, but energy companies have methods to detect unusual consumption. Confiscated equipment was also showcased, including 2022 items valued at 2.2 million ringgit (~$470,000).

According to current legislation, all devices will be disposed of. Combating #electricity theft is a priority alongside increasing "green" generation from renewable sources. 🌿🔌
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

📈 The share of cryptocurrency startups being launched in #Africa and Asia has risen to an all-time high. #Europe is now the leader with 31.4%, and #Asia holds the third spot with 26.8%.

👀 Meanwhile, the number of startups from the US and #Canada is rapidly declining amid regulatory uncertainty. 🤷

Notably, 39% of startups were launched by solo founders, while 51% consist of teams of 2-5 people. 🧐
#CPI_BTC_Watch

👀 Realized losses over the past 30 days amounted to $403 million (i.e., the coins moved on-chain in the last month have depreciated by $403 million for their owners). 📉

🕵️‍♂️ This is similar to the losses after the market crash during the #COVID-19 period but 3.3 times less than the losses after the mining ban in #China and 4.6 times less than after the collapse of the $LUNA #ECOSYSTEM .
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

📈 On July 10, #inflows into spot #BitcoinETFs amounted to $147.4 million, marking a positive #trends for the fourth consecutive day.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

Unknown individuals have hacked the Compound #website !

It currently hosts a #phishing site.

🙀The project team urges not to interact with the site.

👀The #Compound protocol itself has not been attacked.
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

Since the beginning of #Bitcoin❗ 's correction, the cryptocurrency #exchange Binance has increased its reserves by 41,000 #BTC☀ . 💰
#CPI_BTC_Watch #Ethereum_ETFs_Expected_Date

One of the platform's founders, #ArthurHayes , was sentenced to six months of home detention for the same violation.

The BitMEX #exchange has admitted to violating the Bank Secrecy Act

⚖️ In 2022, the founders and employees of #BITMEX admitted in federal court that the company operated in the United States without a significant anti-money laundering (#aml ) program, as required by law.

Previously, former Head of Business Development Greg Dwyer was sentenced to 12 months probation for violating the Bank Secrecy Act. 🧐
#CPI_BTC_Watch

💰 #Bitcoin❗

$BTC price showed positive dynamics 📈 Unexpectedly, we see a number of bullish candles on the chart. Once again, let's consider the #timeframe of 4 hours.

According to my yesterday forecast, a double bottom reversal #Pattern is forming on the chart✅ Now it is confirmed as the price goes beyond the important mirror level of ~$58,350.

There is a breakdown of the important mark, but there is no #consolidation above it yet. If we have a full-fledged consolidation above this mark, with a "retest" from above, we can expect the beginning of the upward movement, albeit local.

The chart looks quite positive, despite the negative sentiment on the market. Now the price is going against the crowd, but it does not mean that we have already broken the local descending structure 🔽
#BinanceTurns7

#Bitcoin❗ 🪙 ‘Power Law’ sees up to 300% $BTC price gains by late 2025

“The #ETFs. pushed us out of the cloud, and now we're reverting back. We're 3+ months away from upwards acceleration, and we could see prices go up 4x by the end of 2025.” An accompanying chart shows the so-called “Power Law Fractal Cloud” — a guideline range for #BTC/USDT going forward.
#Ton_Coin_Surge #BTC_Bounce_Back_to_57k

$DOT has been one of the standout performers, showing remarkable resilience during the recent market correction. The asset has been navigating a falling wedge #Pattern . Currently, #Dotusdt is aiming to retest the upper resistance of the pattern .

A bullish breakout is promising, but a successful retest will reinforce and confirm this breakout.

If the price falls back into the wedge, it’s likely to retest its support at $4.850. This level will be a key indicator of DOT's strength, and a failure to hold here could signify a potential decline.

Should the macro market sentiment turn bearish with significant #selling pressure, the price might revisit its #liquidity -packed area and strong medium-term support between $4.0 and $3.7 . This zone is critical as it has historically provided substantial support.
The overall market sentiment and Bitcoin's movement will significantly influence price action, so keep a close eye on these factors.
#Ton_Coin_Surge

According to the previous #ANALYSIS , after breaking the support level of $0.1075 - 0.115, #Dogecoin‬⁩ 🐶 fell to the bottom of the #descendingchannel .

The bottom of the channel has supported the price well and the price has returned to the broken level.
Considering that this return has been relatively appropriate, we can expect that the price will return to the ceiling of the channel, but after collecting the necessary #liquidity for a strong growth.
#Ton_Coin_Surge

$PEOPLE reached the set levels, after passing from $0.09700 - $0.10050, the price fell sharply. (about 50%)

With the increase in #selling pressure and the prevailing fear in the market, the price continued to fall after breaking the $0.07400 level and fell to the $0.04400 area. Now the price has experienced some improvement.

The recent price drop has been very strong, but considering the strong #upward trends that this currency has created in the past, we can expect a strong return to the broken levels from the price.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7

$ENA poured heavily even from the #descendingchannel and reached the level of support , vital and initial demand.

The $0.350-$0.300 level is the last support level that can be considered for the price and the price has respected it so far.
The main #Scenario is the breaking of the dynamic resistance and then returning to it and starting to grow up to the previous peaks. To maintain this scenario, the price must still trade above the current level.
#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7

At the moment we can observe the blockchain protocol narrative is gaining momentum in the market, as I told you earlier, and one of them is precisely #VET: 📝

The $VET tokens are the "value transfer medium" in the VechainThor blockchain, and they also manage the network and generate $VTHO #tokens

👀From a chart perspective, the asset is inside an extremely important and valid buyer's zone of interest, within which we can observe numerous #liquidity manipulations from below on the daily timeframe, indicating the market maker posthyphenated recruitment of its large position📈

🔼In the near future I expect to see an exit from this zone with the subsequent formation of a medium-term #Uptrend , the goal of which is to overcome the resistance zone and test the 0.157$ mitigations level

📌If I were you, I would set this trade with a grid of limit orders to the lower border of the zone of interest of the buyer, so you can catch the best entry point.
#BTC_Bounce_Back_to_57k

LUNC Price To $1?

#TerraClassic chain and LUNC price will get a major boost after the Tax2Gas implementation. The community believes LUNC will hit $1 after Tax2Gas due to listings on crypto #exchanges and return of dApps to the chain. Other mechanisms like #LUNC✅ burn will also get a further boost.

$LUNC price mostly trading sideways in the last 24 hours, with the price currently trading at $0.00007074. The 24-hour low and high are $0.0000683 and $0.00007123, respectively. Moreover, #tradingvolume decreased by 43% in the last 24 hours.

Meanwhile, $USTC price is trading at $0.01567, down 12% in a week. The 24-hour trading volume saw a 41% drop in the last 24 hours as uncertainty rose amid $BTC selloff by German Government.
#Ton_Coin_Surge

🐋 Bitcoin Whales Are On the Move Again!

🕵️‍♂️ #CryptoQuant analysts reveal that #Bitcoin❗ long-term holders are amassing $BTC at their fastest monthly rate since April 2023, with a growth rate of 6.3%! 📈

🔍 Key Insights:

▪️Despite increased market supply from seized bitcoins by German and U.S. governments and the #MtGox exchange fund distribution, whale accumulation is on the rise.

▪️The growing demand from long-term holders is stabilizing Bitcoin's price, which currently ranges between $58,000 and $59,000, down from a peak of $71,000.

▪️Analysts suggest this whale activity could signal a potential bottoming of Bitcoin's price.

💡 Market Impact:

▪️ Whales are less willing to sell after experiencing losses post the $70,000 peak in early June.

▪️#stablecoin liquidity growth is still lagging, implying it might take longer for Bitcoin to start a new upward trend.
#Ton_Coin_Surge

Let's break down the #DYM 💰

📈I plan to enter the trade from current: ($1.447-1.329)

⚙#Leverage: x25

💵1-5% of the deposit

❌Stop loss will be at the level of ($1.231)

✅ First take-profit ($1.511)
✅Second take-profit ($1.635)
✅Third take-profit ($1.932)

When the first take is reached, #stoploss should be replaced to the entry price. Reaching the third take will be 33% of net movement
#Ton_Coin_Surge #BTC_Bounce_Back_to_57k

‼️Friends, with this trade I want to show you that you should not get on the train that is already leaving - $ZEN

✔️We can to observe how confidently the price is moving in the #Uptrend , but it is also worth paying attention to the numerous manipulations over #liquidity at the upper boundary of the ascending channel, which indicates the distribution of position large player⚡️

At this point I expect to see a final upward impulse to the resistance zone, and the subsequent formation of a reversal pattern with a nascent decline to the neighborhood of $8📉

🔜I plan to enter the trade from current(10.95$-11.76$).

🛑 Stop loss will be at the level of (12.65$)

✅First take (10.75$)

✅Second take ($10.15)

✅Third take ($8.00)

When the first take is reached, the #stoploss should be moved to breakeven.
Reaching the third take will amount to 26.3% of net movement excluding shoulders.
#Ton_Coin_Surge #BTC_Bounce_Back_to_57k