LunaClassic
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When $LUNC and $USTC recover, it will be the spark to light up every L2 on #TerraClassic as well.
Some may look at these projects and see them as slow movers, but others see the opportunity behind them.
Whether #CW20s (memes), liquid staking tokens, protocol tokens, or anything. else, there is a reason builders keep building on #TerraClassic.
When #TerraClassic fully recovers, the entire ecosystem will recover with it. I’m not sure that everyone understands the power behind that. 💣💥💣
#LunaClassic #LUNCcommunity.
Some may look at these projects and see them as slow movers, but others see the opportunity behind them.
Whether #CW20s (memes), liquid staking tokens, protocol tokens, or anything. else, there is a reason builders keep building on #TerraClassic.
When #TerraClassic fully recovers, the entire ecosystem will recover with it. I’m not sure that everyone understands the power behind that. 💣💥💣
#LunaClassic #LUNCcommunity.
Meta Finkenbiner tho7:
I think 2% will happen by January anyway dyor
Terra Luna Classic (LUNC) Price Prediction Begins Bullish Pressure, Alley To $0.001 Clear?
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Terra Luna Classic shows recovery signs in a bullish market, reaching $0.0001166 with a 3.31% increase, hinting at future growth potential.
Terra Luna Classic Price Prediction: LUNC has recently embarked on a path of recovery, reflecting a broader positive trend in the cryptocurrency market. Terra Classic price is trading at $0.0001166, marking a rise of 3.31%. This uplift signals a potential turnaround for Terra Classic after encountering several challenges.
In the last day, most cryptocurrencies have seen upward movements, with charts dotted with green, signaling gains. Bitcoin, for example, has surged past the $52K barrier, injecting a wave of optimism into the market’s outlook. Terra Classic fluctuated between $0.00001190 and $0.00010, following this trend over the last seven days.
This trend took a decisive turn when bullish traders took the helm, propelling the currency past the $0.00011 mark. Such a breakout underscores a renewed bullish enthusiasm. Terra Classic’s market impact has notably strengthened, influencing the overall cryptocurrency sector.
Terra Luna Classic Price Prediction: Navigating Through Market Dynamics
Over the previous week, Terra Luna Classic demonstrated a notable rally, accruing an 8% increase. This movement points to a bullish trend amidst the market’s volatility. Trading volume over 24 hours has decreased by 21.47% to approximately $37.88 million. On CoinMarketCap, Terra Classic is ranked 101st, with a live market cap of $673 million.
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Terra Classic’s remarkable recovery owes much to several pivotal developments. Notably, Binance’s initiative to burn LUNC tokens and a significant increase in LUNC staking, which has crossed the 1 trillion mark, stand out. The past fortnight has witnessed a surge in trade volumes alongside the closing of numerous short positions on LUNC, underpinning the asset’s bullish momentum.
Terra Luna Classic Technical Indicators and Market Sentiment
If the upward trajectory of LUNC’s value continues past the $0.00012 mark, the bullish momentum is anticipated to solidify. This scenario opens the door to challenging higher resistance levels, potentially reaching $0.00019 and even $0.001. On the downside, a shift towards bearish sentiment could see the price retracting to the $0.0001 support level, with a sustained downward trend possibly touching down at $0.00009.
Terra Luna Classic Price Chart:
Technical analyses offer a positive outlook, with the Moving Average Convergence Divergence (MACD) indicating an upward trend as both the MACD and signal lines remain above the baseline. The Relative Strength Index (RSI) maintains a stance above 50 on the daily chart, signaling a neutral to positive trend. The Chaikin Money Flow (CMF) is currently in a positive position at 0.02, further indicating bullish sentiment.
#TerraClassic #LunaClassic #Bitcoin #Altcoin
Terra Luna Classic shows recovery signs in a bullish market, reaching $0.0001166 with a 3.31% increase, hinting at future growth potential.
Terra Luna Classic Price Prediction: LUNC has recently embarked on a path of recovery, reflecting a broader positive trend in the cryptocurrency market. Terra Classic price is trading at $0.0001166, marking a rise of 3.31%. This uplift signals a potential turnaround for Terra Classic after encountering several challenges.
In the last day, most cryptocurrencies have seen upward movements, with charts dotted with green, signaling gains. Bitcoin, for example, has surged past the $52K barrier, injecting a wave of optimism into the market’s outlook. Terra Classic fluctuated between $0.00001190 and $0.00010, following this trend over the last seven days.
This trend took a decisive turn when bullish traders took the helm, propelling the currency past the $0.00011 mark. Such a breakout underscores a renewed bullish enthusiasm. Terra Classic’s market impact has notably strengthened, influencing the overall cryptocurrency sector.
Terra Luna Classic Price Prediction: Navigating Through Market Dynamics
Over the previous week, Terra Luna Classic demonstrated a notable rally, accruing an 8% increase. This movement points to a bullish trend amidst the market’s volatility. Trading volume over 24 hours has decreased by 21.47% to approximately $37.88 million. On CoinMarketCap, Terra Classic is ranked 101st, with a live market cap of $673 million.
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Terra Classic’s remarkable recovery owes much to several pivotal developments. Notably, Binance’s initiative to burn LUNC tokens and a significant increase in LUNC staking, which has crossed the 1 trillion mark, stand out. The past fortnight has witnessed a surge in trade volumes alongside the closing of numerous short positions on LUNC, underpinning the asset’s bullish momentum.
Terra Luna Classic Technical Indicators and Market Sentiment
If the upward trajectory of LUNC’s value continues past the $0.00012 mark, the bullish momentum is anticipated to solidify. This scenario opens the door to challenging higher resistance levels, potentially reaching $0.00019 and even $0.001. On the downside, a shift towards bearish sentiment could see the price retracting to the $0.0001 support level, with a sustained downward trend possibly touching down at $0.00009.
Terra Luna Classic Price Chart:
Technical analyses offer a positive outlook, with the Moving Average Convergence Divergence (MACD) indicating an upward trend as both the MACD and signal lines remain above the baseline. The Relative Strength Index (RSI) maintains a stance above 50 on the daily chart, signaling a neutral to positive trend. The Chaikin Money Flow (CMF) is currently in a positive position at 0.02, further indicating bullish sentiment.
#TerraClassic #LunaClassic #Bitcoin #Altcoin
🚨 CRUCIAL ALERT 🚨
Remember the sinking of #USTC on May 20, 2022? Well, mark your calendars because it's set to rise from the ashes on May 20, 2024. Get ready for an exhilarating ride! 🤩🚀🤑
$USTC #LunaClassic #Luna #Bitcoinblockchain
👉 Stay updated by following us
👉 Show your support with likes, comments, and retweets! #crypto #cryptocurrency
Remember the sinking of #USTC on May 20, 2022? Well, mark your calendars because it's set to rise from the ashes on May 20, 2024. Get ready for an exhilarating ride! 🤩🚀🤑
$USTC #LunaClassic #Luna #Bitcoinblockchain
👉 Stay updated by following us
👉 Show your support with likes, comments, and retweets! #crypto #cryptocurrency
Terra Luna Classic Chooses CertiK for Secure L1 Development.
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Read Here: https://www.binance.com/en/feed/post/4205142221778
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
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Read Here: https://www.binance.com/en/feed/post/4205142221778
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
Hey @Binance and @Richard Teng
Since @BtcTurk_Global delisted #LUNC ,And don’t seem too concerned with recovering the $LUNC still sitting in your deposit wallet, any chance you can just go ahead and burn that too?
🔥🔥🔥
Sincerely,
The #LuncCommunity
$LUNC $USTC #LunaClassic
Since @BtcTurk_Global delisted #LUNC ,And don’t seem too concerned with recovering the $LUNC still sitting in your deposit wallet, any chance you can just go ahead and burn that too?
🔥🔥🔥
Sincerely,
The #LuncCommunity
$LUNC $USTC #LunaClassic
Our 8th weekly buy back has been initiated Our #LUNC reserve is growing and so are the buy backs of MBA token! We plan on heavily adding to our reserve to rapidly speed up buy backs and appreciate MBA We are working very hard to revive #LunaClassic #USTC #BNB #Crypto
Terra Classic Community Rejects KYC Proposal; LUNC and USTC Rally Timeline?
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Read here: https://www.binance.com/en/square/post/5791218008417
#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
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Read here: https://www.binance.com/en/square/post/5791218008417
#LUNC #Altcoin #Cryptocurrency #CryptoNews #LunaClassic $LUNC $USTC $LUNA
Terra Luna Classic (LUNC) Price Prediction Begins Bullish Pressure, Alley To $0.001 Clear?
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Read Here: https://www.binance.com/en/feed/post/4205471328321
#TerraClassic #LunaClassic #LUNC #USTC #Bitcoin
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Read Here: https://www.binance.com/en/feed/post/4205471328321
#TerraClassic #LunaClassic #LUNC #USTC #Bitcoin
$LUNC (Luna Classic) Market Insight:
- Current Price: $0.00008041
- 24h Surge: +7.16%
- Volume: 388.57B LUNC | 29.84M USDT
LUNC shows a spark of recovery but faces mixed signals against longer-term trends. Traders, keep an eye on resistance levels!
#LunaClassic #LUNC #Crypto #MarketAnalysis #Trading
- Current Price: $0.00008041
- 24h Surge: +7.16%
- Volume: 388.57B LUNC | 29.84M USDT
LUNC shows a spark of recovery but faces mixed signals against longer-term trends. Traders, keep an eye on resistance levels!
#LunaClassic #LUNC #Crypto #MarketAnalysis #Trading
Terra Luna Classic Hits 1 Trillion Staked
"Big things are happening in the Terra Luna
Classic (LUNC) community!Over 1 TRILLION LUNC is staked, showing strong community support!Binance is expected to burn a significant amount of LUNC soon, reducing supply and potentially driving prices up!The community has already burned 124 billion LUNC, with more expected from the Tax2Gas mechanism!LUNC price is trading sideways, but the upcoming burn could change that!USTC price is also down slightly, but could benefit from LUNC's potential gains!Stay tuned for the next #Binance $LUNC burn in 5 days!
#Crypto2024 #LUNC. #LunaClassic
"Big things are happening in the Terra Luna
Classic (LUNC) community!Over 1 TRILLION LUNC is staked, showing strong community support!Binance is expected to burn a significant amount of LUNC soon, reducing supply and potentially driving prices up!The community has already burned 124 billion LUNC, with more expected from the Tax2Gas mechanism!LUNC price is trading sideways, but the upcoming burn could change that!USTC price is also down slightly, but could benefit from LUNC's potential gains!Stay tuned for the next #Binance $LUNC burn in 5 days!
#Crypto2024 #LUNC. #LunaClassic
Luna Classic Price Prediction: LUNC Posts Slight 24H Gain, but Could It Rise to $0.0002 Soon?
The Luna Classic price was able to break out of a medium-term negative trend and has entered into a consolidation channel over the past week. As the heavy sell pressure on the altcoin seems to be taking a break, bulls could soon begin to scoop up $LUNC . This may then boost the Luna Classic price to the closest resistance level at $0.00014915 in the upcoming days. Another possible scenario is that LUNC continues to consolidate for the next week. This may be an accumulation phase before a pump to the upside.
Either way, the crypto may attempt a challenge at the $0.00014915 resistance level. A daily candle close above this threshold could then establish the foundation needed to rise to the next major barrier at $0.0002 through the course of the following week.
This bullish thesis will remain in play for as long as #LUNC does not drop out below the current consolidation channel. Should it break below this zone, it may correct down to the immediate support at $0.0000999. Continued sell pressure may then drag the #LunaClassic price down to $0.00007930 in the following few days.
LUNC Technicals Suggest Bullish Reversal Could Soon Take Place
Traders and investors will want to note that technical indicators on LUNC’s daily chart are flagging bullish. The Relative Strength Index (RSI) indicator shows that buyers are stronger than sellers. This is evident in the fact that the RSI line is positioned above its Simple Moving Average (SMA) line. In addition to this, the RSI line is positively sloped, which suggests that buyers are starting to accumulate more strength.
Meanwhile, a significant bullish technical flag is on the cusp of being triggered by the Moving Average Convergence Divergence (MACD) indicator. The MACD line is looking to cross above the MACD Signal line. Should these two technical indicators intersect in the next 48 hours, it will signal that the Luna Classic price has finally entered into a bullish cycle following the medium-term downtrend.
The Luna Classic price was able to break out of a medium-term negative trend and has entered into a consolidation channel over the past week. As the heavy sell pressure on the altcoin seems to be taking a break, bulls could soon begin to scoop up $LUNC . This may then boost the Luna Classic price to the closest resistance level at $0.00014915 in the upcoming days. Another possible scenario is that LUNC continues to consolidate for the next week. This may be an accumulation phase before a pump to the upside.
Either way, the crypto may attempt a challenge at the $0.00014915 resistance level. A daily candle close above this threshold could then establish the foundation needed to rise to the next major barrier at $0.0002 through the course of the following week.
This bullish thesis will remain in play for as long as #LUNC does not drop out below the current consolidation channel. Should it break below this zone, it may correct down to the immediate support at $0.0000999. Continued sell pressure may then drag the #LunaClassic price down to $0.00007930 in the following few days.
LUNC Technicals Suggest Bullish Reversal Could Soon Take Place
Traders and investors will want to note that technical indicators on LUNC’s daily chart are flagging bullish. The Relative Strength Index (RSI) indicator shows that buyers are stronger than sellers. This is evident in the fact that the RSI line is positioned above its Simple Moving Average (SMA) line. In addition to this, the RSI line is positively sloped, which suggests that buyers are starting to accumulate more strength.
Meanwhile, a significant bullish technical flag is on the cusp of being triggered by the Moving Average Convergence Divergence (MACD) indicator. The MACD line is looking to cross above the MACD Signal line. Should these two technical indicators intersect in the next 48 hours, it will signal that the Luna Classic price has finally entered into a bullish cycle following the medium-term downtrend.
Guess how much #LUNC #Binanc can burn on February 1st?
5 Billion ?
2 Billions?
1 Billion?
0.5 Billion?
0.01$?
#LuncBurn #lunccommunity #LunaClassic #LUNC
#Write2Earn #USTC
5 Billion ?
2 Billions?
1 Billion?
0.5 Billion?
0.01$?
#LuncBurn #lunccommunity #LunaClassic #LUNC
#Write2Earn #USTC
Luna Classic Price Prediction: LUNC Surges 7% And Could Breakout to the Upside Soon
A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the crypto’s value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002.
On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term.
Technicals Support a Bullish Outlook
Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears.
#LunaClassic #LUNC
A symmetrical triangle has formed on the 4-hour chart for $LUNC . This specific chart pattern suggests that the Luna Classic price may breakout in the next few hours. Should this move be towards the upside, the crypto’s value may attempt a challenge at the strong resistance level at $0.00014915. A break above this threshold could then give the Luna Classic price the foundation needed to potentially rise to as high as $0.0002.
On the other hand, a strong bearish move could lead to LUNC plummeting all the way down to $0.0000999. If sellers decide to continue exerting sell pressure on the cryptocurrency, the altcoin could even retest the subsequent support level at $0.00007930 in the short term.
Technicals Support a Bullish Outlook
Technical indicators suggested that the Luna Classic price may rise in the next 48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators were flagging bullish.
The MACD line was breaking away above the MACD Signal line. This is a positive technical flag which suggests that the cryptocurrency’s bullish trend may continue. Meanwhile, the RSI was breaking away above its Simple Moving Average (SMA) line. Normally, this is taken as a sign of increasing buyer strength against bears.
#LunaClassic #LUNC
Terra Luna Classic Chooses CertiK for Secure L1 Development
The Terra Luna Classic community has approved a proposal to integrate CertiK as a recognized provider for Know Your Customer (KYC) services. This decision could potentially lead to a recovery in the prices of LUNC and USTC tokens.
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The Terra Luna Classic community approved adding CertiK as a KYC provider for developers, aiming to enhance security. Developers must undergo KYC verification before starting any significant work on the platform.
Community Approves CertiK as KYC Provider
Proposal 12058, titled “Add CertiK as a recognized KYC provider,” has successfully surpassed the pass threshold, gaining significant support from the Terra Luna Classic community. The fact that it passed before the February 18 deadline indicates the community’s strong sentiment regarding the importance of this proposal.
This approval follows the successful passing of KYC proposal 12033, which saw a high voter turnout. Subsequently, two follow-up proposals, 12058 and 12059, were presented for voting on the Station wallet. These proposals aimed to establish further requirements and provide clarification on KYC providers and contributions to the chain without KYC.
As outlined in Proposal 12058, CertiK will be designated as the recognized KYC provider for all L1 development activities on Terra Classic. This designation aligns with the framework established in Proposal 12033. Additionally, CertiK KYC Teams will be accepted based on their KYC results listed on their leaderboard.
The proposal garnered a 75% approval rate, with 10% of votes cast as “No” with veto votes, along with some “No” and 15% “Abstain” votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted “No with veto” due to recent conflicting beliefs regarding KYC practices.
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Price Movement of LUNC and USTC Tokens
The price of LUNC experienced a notable fluctuation, initially falling by 5% before rallying over 15% to reach a recent high of $0.000140. Presently, it is trading at $0.000127. Additionally, there has been a 10% increase in trading volume over the last 24 hours, following a significant 100% surge on Thursday.
On the other hand, USTC’s price witnessed profit booking subsequent to a 40% rally observed yesterday. Currently, it is trading at $0.0325, with its 24-hour low and high recorded at $0.0322 and $0.0383, respectively. Despite this, trading volume decreased by only 5% following an extraordinary 800% surge on Thursday.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
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The Terra Luna Classic community approved adding CertiK as a KYC provider for developers, aiming to enhance security. Developers must undergo KYC verification before starting any significant work on the platform.
Community Approves CertiK as KYC Provider
Proposal 12058, titled “Add CertiK as a recognized KYC provider,” has successfully surpassed the pass threshold, gaining significant support from the Terra Luna Classic community. The fact that it passed before the February 18 deadline indicates the community’s strong sentiment regarding the importance of this proposal.
This approval follows the successful passing of KYC proposal 12033, which saw a high voter turnout. Subsequently, two follow-up proposals, 12058 and 12059, were presented for voting on the Station wallet. These proposals aimed to establish further requirements and provide clarification on KYC providers and contributions to the chain without KYC.
As outlined in Proposal 12058, CertiK will be designated as the recognized KYC provider for all L1 development activities on Terra Classic. This designation aligns with the framework established in Proposal 12033. Additionally, CertiK KYC Teams will be accepted based on their KYC results listed on their leaderboard.
The proposal garnered a 75% approval rate, with 10% of votes cast as “No” with veto votes, along with some “No” and 15% “Abstain” votes. Notably, 37 validators, including Allnodes, StakeBin, and TerraCVita, voted in favor. However, Interstellar Lounge voted “No with veto” due to recent conflicting beliefs regarding KYC practices.
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Price Movement of LUNC and USTC Tokens
The price of LUNC experienced a notable fluctuation, initially falling by 5% before rallying over 15% to reach a recent high of $0.000140. Presently, it is trading at $0.000127. Additionally, there has been a 10% increase in trading volume over the last 24 hours, following a significant 100% surge on Thursday.
On the other hand, USTC’s price witnessed profit booking subsequent to a 40% rally observed yesterday. Currently, it is trading at $0.0325, with its 24-hour low and high recorded at $0.0322 and $0.0383, respectively. Despite this, trading volume decreased by only 5% following an extraordinary 800% surge on Thursday.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#TerraClassic #LunaClassic #Bitcoin #Altcoin #Cryptocurrency
Luna Classic Price Prediction: LUNC Prints a Higher Low, Will It Begin to Climb?
The Luna Classic price recorded a second higher low during yesterday’s trading session, resulting in the formation of a positive trend line on its charts. This could be the early start of a potential bullish rally in the next few days. Should this bullish thesis play out, the altcoin may attempt to flip the resistance level at $0.0000999 into support. A daily candle close above this mark could then give the crypto the foundation needed to rise to the subsequent resistance level at $0.00014915 in the following few days.
A break below the positive trend line could invalidate this bullish thesis. In this alternative scenario, the Luna Classic price may continue to trade within the descending price channel that it has been trapped in over the last few weeks.This could lead to LUNC falling to the immediate support level at $0.00007930 before potentially plummeting down to $0.00005995 if the sell volume persists.
Technical indicators on the crypto’s daily chart suggest that LUNC’s price may slip in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD line is positioned below the MACD Signal line, indicating that the Luna Classic price is in a negative trend. In addition to this, the RSI line is positioned below its Simple Moving Average (SMA) line. This indicates that sellers are currently stronger than buyers on LUNC’s daily chart.
Bearish Pressure Begins to Simmer
Despite the current bearish technical flags, LUNC’s bearish trend and sellers’ strength seem to be cooling off. The RSI is positioned in neutral territory, and is almost parallel to the SMA line. Meanwhile, the MACD line is also trading parallel to the MACD Signal line. As a result, a bullish trend reversal may be in the cards for the Luna Classic price.
#LUNC #LunaClassic $LUNC
The Luna Classic price recorded a second higher low during yesterday’s trading session, resulting in the formation of a positive trend line on its charts. This could be the early start of a potential bullish rally in the next few days. Should this bullish thesis play out, the altcoin may attempt to flip the resistance level at $0.0000999 into support. A daily candle close above this mark could then give the crypto the foundation needed to rise to the subsequent resistance level at $0.00014915 in the following few days.
A break below the positive trend line could invalidate this bullish thesis. In this alternative scenario, the Luna Classic price may continue to trade within the descending price channel that it has been trapped in over the last few weeks.This could lead to LUNC falling to the immediate support level at $0.00007930 before potentially plummeting down to $0.00005995 if the sell volume persists.
Technical indicators on the crypto’s daily chart suggest that LUNC’s price may slip in the next 24-48 hours. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The MACD line is positioned below the MACD Signal line, indicating that the Luna Classic price is in a negative trend. In addition to this, the RSI line is positioned below its Simple Moving Average (SMA) line. This indicates that sellers are currently stronger than buyers on LUNC’s daily chart.
Bearish Pressure Begins to Simmer
Despite the current bearish technical flags, LUNC’s bearish trend and sellers’ strength seem to be cooling off. The RSI is positioned in neutral territory, and is almost parallel to the SMA line. Meanwhile, the MACD line is also trading parallel to the MACD Signal line. As a result, a bullish trend reversal may be in the cards for the Luna Classic price.
#LUNC #LunaClassic $LUNC
Luna Classic Price Prediction: LUNC Falls 5% as It Fails to Detach From Bearish Trend Line
The Luna Classic price dropped out of a consolidation channel over the past week. This was shortly after it was able to break above a medium-term negative trend line that had formed on its charts, with its origin back in Dec. 4, 2023.
In just 48 hours after breaching this line, $LUNC saw its price begin to dip. This selling pressure continued in the past 3 days, causing it to currently trade near the $0.00009990 support level. If the sell volume persists, the Luna Classic price may be at risk of losing the $0.00009990 support. This could then open it up to the risk of falling to the subsequent threshold at $0.00007930 in the following couple of days.
This bearish thesis may be invalidated if the Luna Classic price is able to stay above the $0.0000990 support level for the next 72 hours. In this alternative scenario, #LUNC may begin to consolidate around the significant price point before potentially beginning to climb. Should the Luna Classic price begin to rise at this point, it could attempt a challenge at the $0.00014915 resistance level within the following 2 weeks. Continued buy pressure could then boost the altcoin’s value to above this mark, which may then clear a path for the #LunaClassic price to rise to as high as $0.0002.
Traders and investors will want to note that both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The RSI is positioned below its Simple Moving Average (SMA) line, which signals that sellers have the upper hand on LUNC’s daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNC’s negative trend continuing in the next few days.#Write2Earn
The Luna Classic price dropped out of a consolidation channel over the past week. This was shortly after it was able to break above a medium-term negative trend line that had formed on its charts, with its origin back in Dec. 4, 2023.
In just 48 hours after breaching this line, $LUNC saw its price begin to dip. This selling pressure continued in the past 3 days, causing it to currently trade near the $0.00009990 support level. If the sell volume persists, the Luna Classic price may be at risk of losing the $0.00009990 support. This could then open it up to the risk of falling to the subsequent threshold at $0.00007930 in the following couple of days.
This bearish thesis may be invalidated if the Luna Classic price is able to stay above the $0.0000990 support level for the next 72 hours. In this alternative scenario, #LUNC may begin to consolidate around the significant price point before potentially beginning to climb. Should the Luna Classic price begin to rise at this point, it could attempt a challenge at the $0.00014915 resistance level within the following 2 weeks. Continued buy pressure could then boost the altcoin’s value to above this mark, which may then clear a path for the #LunaClassic price to rise to as high as $0.0002.
Traders and investors will want to note that both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) are flagging bearish. The RSI is positioned below its Simple Moving Average (SMA) line, which signals that sellers have the upper hand on LUNC’s daily chart. In addition to this, the MACD line recently crossed below the MACD Signal line. This may be an indication of LUNC’s negative trend continuing in the next few days.#Write2Earn
Luna Classic Price Might Be Getting Ready for an 8% Rally
The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged.
This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators.
Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term.
Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days.
#LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term.
On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.
The Luna Classic price has printed a series of higher lows on the 4-hour chart over the past 12 hours. As a result of this positive sequence, a symmetrical triangle pattern has emerged on LUNC’s chart as the altcoin attempts to escape the negative channel that has emerged.
This specific pattern suggests that a breakout might soon ensue. However, to try and gauge in which direction the Luna Classic price could move, traders will look to technical indicators.
Both the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) indicators are on the verge of triggering major bullish technical flags. This suggests that $LUNC might explode to the upside in the short term.
Should bulls take control, the Luna Classic price could look to flip the resistance level at $0.00009622 into support. Overcoming this barrier will then give the altcoin a technical foundation to continue climbing in the following few days.
#LUNC might look to rise to the next major resistance level at $0.00010014 as a result. Enough buy pressure should the Luna Classic price reach this threshold could then lead to the crypto rising to as high as $0.00010444 in the short term.
On the other hand, a price breakdown might see the Luna Classic price plunge to the immediate resistance level at $0.00009000 in the following 24 hours. #LunaClassic #Altcoinseason2024 #altcoins
The full analysis and trade strategy were originally posted on ecoinimist.com.
🚨🚨 Terra's ($LUNC , $LUNA , $USTC ) Parent Company Terraform Labs and Do Kwon Accepted Settlement with SEC!
💈According to the latest information, Do Kwon, the founder of Terra (LUNA), and Terraform Labs have agreed to settle with the SEC.
💈Terraform Labs, based in Singapore, and its founder Do Kwon have reached a temporary agreement with the U.S. Securities and Exchange Commission (SEC).
As revealed in a recent court filing, the regulatory agency's lawsuit alleged that the company misled investors before the collapse of its stablecoin TerraUSD in 2022.
💈Do Kwon is currently detained in Montenegro. The Montenegrin High Court ruled in early April that the decision on extradition should be made by the justice minister, not the court. This decision came after plans to extradite Kwon to South Korea in March were met with opposition from Montenegro prosecutors.
💈Terraform Labs and Kwon were found guilty of civil fraud by a U.S. jury in a lawsuit initiated by the SEC in February 2023. The case centered around the algorithmic stablecoin Terra USD (UST), which dramatically collapsed a year earlier.
💈Kwon was arrested in Montenegro the previous March for traveling with forged travel documents.
#EarnFreeCrypto2024 #BinanceHerYerde #TerraClassic #LunaClassic
💈According to the latest information, Do Kwon, the founder of Terra (LUNA), and Terraform Labs have agreed to settle with the SEC.
💈Terraform Labs, based in Singapore, and its founder Do Kwon have reached a temporary agreement with the U.S. Securities and Exchange Commission (SEC).
As revealed in a recent court filing, the regulatory agency's lawsuit alleged that the company misled investors before the collapse of its stablecoin TerraUSD in 2022.
💈Do Kwon is currently detained in Montenegro. The Montenegrin High Court ruled in early April that the decision on extradition should be made by the justice minister, not the court. This decision came after plans to extradite Kwon to South Korea in March were met with opposition from Montenegro prosecutors.
💈Terraform Labs and Kwon were found guilty of civil fraud by a U.S. jury in a lawsuit initiated by the SEC in February 2023. The case centered around the algorithmic stablecoin Terra USD (UST), which dramatically collapsed a year earlier.
💈Kwon was arrested in Montenegro the previous March for traveling with forged travel documents.
#EarnFreeCrypto2024 #BinanceHerYerde #TerraClassic #LunaClassic
🚀💥 Binance Ignites the Crypto Scene: Massive 1.4 Billion LUNC Token Bonfire! 💥🚀
Binance is fueling the fiery revival of Terra Luna Classic! On Wednesday, the crypto giant turned up the heat with an electrifying display, burning a whopping 1.4 billion #LunaClassic (LUNC) tokens 🎉🔥. This latest incineration event brings the total number of LUNC tokens Binance has reduced to ashes to over 57 billion since the start of their monthly burn in 2022.
Why the Burn?🔥
Binance's commitment to the LUNC community blazes on, supporting the token's comeback with regular burns. These burns help decrease the total supply, aiming to boost LUNC’s value and stabilize its ecosystem. 🌍💹
What’s the Impact? 📈
- Total Burned: With the latest event, the LUNC community has seen over 112 billion tokens turned to digital dust.
- Market Moves: The burn events coincide with fluctuating trading volumes, highlighting the dynamic nature of the crypto markets. April saw a cooldown with average daily volumes dropping to $30 million from March’s fiery $100 million plus. 📉📊
Binance’s Burning Breakdown:🔥
- Previous Highs: In March, the surge in trading volume led to the burning of 4.17 billion LUNC tokens, with transaction fees reaching up to $722,630!
- Current Scenario: April’s quieter trading resulted in this month’s lower burn rate, reflecting broader market trends. 💸🔻
🌟 Why This Matters?
Binance’s burning crusade is more than just a spectacle; it’s a strategic move to instill confidence and foster stability within the LUNC community. By methodically reducing supply, Binance aims to enhance LUNC’s value and appeal. 🛡️💥
👀 Looking Ahead:
As the market ebbs and flows, the commitment of Binance to the LUNC project remains steadfast. What will the next burn reveal about the future of Terra Luna Classic? Stay tuned! 🌐🔮
👍 Like | 💬 Comment | ↪️ Share
*Disclaimer: This update is for informational purposes only and not financial advice.*
Binance is fueling the fiery revival of Terra Luna Classic! On Wednesday, the crypto giant turned up the heat with an electrifying display, burning a whopping 1.4 billion #LunaClassic (LUNC) tokens 🎉🔥. This latest incineration event brings the total number of LUNC tokens Binance has reduced to ashes to over 57 billion since the start of their monthly burn in 2022.
Why the Burn?🔥
Binance's commitment to the LUNC community blazes on, supporting the token's comeback with regular burns. These burns help decrease the total supply, aiming to boost LUNC’s value and stabilize its ecosystem. 🌍💹
What’s the Impact? 📈
- Total Burned: With the latest event, the LUNC community has seen over 112 billion tokens turned to digital dust.
- Market Moves: The burn events coincide with fluctuating trading volumes, highlighting the dynamic nature of the crypto markets. April saw a cooldown with average daily volumes dropping to $30 million from March’s fiery $100 million plus. 📉📊
Binance’s Burning Breakdown:🔥
- Previous Highs: In March, the surge in trading volume led to the burning of 4.17 billion LUNC tokens, with transaction fees reaching up to $722,630!
- Current Scenario: April’s quieter trading resulted in this month’s lower burn rate, reflecting broader market trends. 💸🔻
🌟 Why This Matters?
Binance’s burning crusade is more than just a spectacle; it’s a strategic move to instill confidence and foster stability within the LUNC community. By methodically reducing supply, Binance aims to enhance LUNC’s value and appeal. 🛡️💥
👀 Looking Ahead:
As the market ebbs and flows, the commitment of Binance to the LUNC project remains steadfast. What will the next burn reveal about the future of Terra Luna Classic? Stay tuned! 🌐🔮
👍 Like | 💬 Comment | ↪️ Share
*Disclaimer: This update is for informational purposes only and not financial advice.*
🚀 $LUNC Burns Set to Skyrocket! Terra Luna Classic is Changing! 🚀
Exciting news for the Terra Luna Classic community! The burn rates for $LUNC are primed for a major surge. Recently, Binance completed a burn of 1.01 billion LUNC tokens, and the community has collectively burned over 76 billion since the 2022 crisis.
With rising trading volumes and new trading pairs on the horizon, we anticipate even more significant burns in the coming months. Despite some market fluctuations, the enthusiasm for $LUNC 's recovery and growth is palpable.
Join us as we watch this transformative journey unfold!
#LunaClassic #LUNC #CryptoNews #PricePrediction #Write2Earn!
Exciting news for the Terra Luna Classic community! The burn rates for $LUNC are primed for a major surge. Recently, Binance completed a burn of 1.01 billion LUNC tokens, and the community has collectively burned over 76 billion since the 2022 crisis.
With rising trading volumes and new trading pairs on the horizon, we anticipate even more significant burns in the coming months. Despite some market fluctuations, the enthusiasm for $LUNC 's recovery and growth is palpable.
Join us as we watch this transformative journey unfold!
#LunaClassic #LUNC #CryptoNews #PricePrediction #Write2Earn!