đ LUNC Latest Proposals
Moving away from the inconsistencies of the token burn mechanism, the #LUNCcommunity recently unveiled a new proposal (Proposal 12133) to correct the error of the number of validators allowed to work on the network. This number mistakenly changed after a recent #SDK update. According to reports, the proposal would restore the maximum number of validators to 100. To analysts, this could position the asset for a bull run in the near term.
A recent analysis by a renowned technical analyst revealed that #LUNCâ has a bullish outlook as the Moving Average Convergence Divergence (MACD) indicator meets at a positive end. Also, its Relative Strength Index (#RSI ) indicated that the market sentiment is currently neutral. According to the analysis, $LUNC could soon target the $0.0001 crucial resistance level and subsequently move to the $0.0003 zone.
In a couple of months ago, another analyst, identified as Javon Marks, also predicted that the asset would likely stage a rebound to hit $0.0004.
