$LUNC **LUNC Analysis: 24 October 2024**

Today, LUNA Classic (LUNC) is facing a critical moment as it hovers around the current price of £0.00008947. Despite the overall bearish sentiment in the cryptocurrency market, LUNC shows potential for a rally due to increased community engagement and updates on ecosystem development. The upcoming proposals aimed at enhancing the token's utility could boost investor confidence.

However, resistance levels around £0.000091 are likely to challenge any upward momentum. If LUNC can break above this level, a target price of £0.000095 could be achievable in the short term. Conversely, if bearish pressure continues, a drop to £0.000085 is possible, making it a critical support level for investors to watch.

In summary, while LUNC faces challenges, its recent developments could provide a bullish push, making it a potential buy for short-term traders.

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