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Terra Classic Social Volume Trends and Impacts Recent data from Santiment shows a varied social volume trend for LUNC prices over six months. There were notable spikes in discussions, especially at the end of February. These fluctuations are crucial as they reflect changing investor sentiment. Shifts in social activity often lead to movements in market prices. The decreasing trend could indicate waning interest. This might lead to lower trading volumes and reduced price volatility. Increased social media activity typically correlates with heightened trading volumes. If the bullish momentum propels LUNC past the $0.00008312 threshold, it may reignite its ascent. This advancement could challenge the $0.00008 resistance. A sustained push might even elevate LUNC to a $0.0003 valuation, marking a 260% increase. Such developments would significantly boost investor confidence in its potential upward trajectory.
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LUNC Price Boosts as Terraform Reopens Shuttle Bridge The LUNC price has seen a slight market rebound following Terraform Labs’ recent announcement. On August 28, the company revealed the relaunch of its Shuttle Bridge, which allows for the seamless movement of LUNC and USTC assets. Users can now easily transfer these assets from networks such as Ethereum mainnet, BNB Chain, and Harmony back to the Terra Classic network. This update marks a significant milestone for the Terra ecosystem, fostering greater connectivity across blockchains. Over the past 24 hours, the LUNC price has shown moderate fluctuations in its trading value. After a slight dip, the price climbed steadily, peaking at $0.00008532. As of reporting time, the Terra Classic price hovered at $0.00008332, reflecting a minor gain of 1% from the day’s opening. This change underscores the ongoing adjustments in investor sentiment and cryptocurrency market dynamics. The Moving Average Convergence Divergence( MACD) has recently moved below the signal line, indicating potential bearish momentum in the near term. This movement coincides with a recent price decline, reflecting a cautious sentiment among traders.
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Will LUNC Price Hit $0.0003 by September LUNC price benefits from Terraform Labs' reopening of the Shuttle Bridge, promising enhanced blockchain connectivity and market optimism. Highlights LUNC price boosts as Terraform reopens pivotal Shuttle Bridge. Recent technical indicators suggest short-term bearish momentum for LUNC. Social volume fluctuations correlate strongly with Terra Classic market movements. LUNC price has seen a slight market rebound recently. Over the last year, the Terra Classic price has increased by more than 30%, reflecting rising trust among investors. Despite these gains, the market is now in a phase of consolidation.
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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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