Terra Luna Classic (LUNC) Price Forecast: Will it be able to maintain its momentum?
Despite pulling back from this week's highs above $0.00012, Terra Luna Classic is still up more than 45% from last week's lows.
The digital currency broke the downward trend it had been witnessing since early March, indicating a significant improvement in its technical situation.
However, in order for LUNC price to continue rising, it must break the $0.00012 resistance level sustainably and rise above
It is noteworthy that traders usually do not care much about developments in the Terra Luna Classic community. Since the collapse of the Terra blockchain in May 2022, the Terra blockchain has been virtually abandoned.
Going back to the past, this currency was abandoned by all users, developers, investors, and even its community, and LUNC became a currency that relied heavily on speculation, just like meme currencies.
Thus, this currency rises when the market is optimistic, such as what happened in early March when Bitcoin reached a new all-time high; Then Terra Luna Classic declined when that optimism faded.
It should be noted that only a few who purchase LUNC are considered long-term owners, anticipating its blockchain revival.
