#MarketPullback The market appears bearish for Terra Luna Classic, with $LUNC
trading for $0.0001319, down 0.16% in 24 hours. LUNC declined by 20.73% within the last seven days, while the 24-hour trading volume dropped 15.64% to $54.4 million.
The declining trading volume suggests reduced investor interest in the token. Still, analysts predict that LUNC will see a big rally similar to $XRP
’s recent one. However, the analysts’ forecast depends on XRP’s breaking above the $0.00018 resistance.
Some analysts estimate a $0.0005 target for LUNC. The ecosystem’s improved openness in government and community-driven projects has also renewed optimism for LUNC’s future.
Furthermore, a recent token burn of over 3.1 billion LUNC has caught the attention of investors, per a CNF report. This has sparked renewed interest in the token, a major element anticipated to drive further price gains before the year ends.
Regarding TerraClassicUSD ($USTC
), the price declined slightly by 0.89% in the last 24 hours to trade at $0.02424. Market analysts attribute the price decline to profit-taking. Moreover, the daily trading volume also decreased by 43.15% to $9.75 million, indicating investors reduced interest.
