LUNC Rallies by Over 200% in the Past 2 Weeks; Will It Hit Its ATH?

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  • LUNC gained an 81.94 % hike in the past seven days.
  • The coin is currently trading at $0.00025.
  • The has been on an uptrend since August 20.

Amid the market turbulence, Terra LUNA Classic (LUNC) has been trading in the green zone for the past seven days. During this period, LUNC attained an 81.94 % gain. More so, in the past two weeks, the coin has surged by more than 240%.  However, the coin has plummeted by 19.4% in the past 24 hours. At press time, LUNA was registered at $0.00025.

LUNC/USDT-1-Day Trading Chart (Source: TradingView)

The daily trading chart of the rebranded LUNC indicates an uptrend since August 29. But, as of today, the coin showed a red candle, which is a crossroad for further uptrend or downtrend. Crypto holders are eagerly waiting to see if the coin can retrace its all-time high of $0.00045, the price registered on May 26, 2022.

After the ATH, LUNC steeply nosedived to reach $0.00059 on June 25, the price of the LUNC soared the next day and was retained till June 30. Furthermore, LUNC was in a relatively stagnant zone with minimum hikes and dips from June 1 to August 22.

Additionally, the current trendline of the coin originated on August 20. Starting from this day, LUNC spiked by over 240%. In the 20-day EMA, LUNC showed turbulence on June 26 and August 23 for the uptrend, and on July 11 for a slight downtrend.

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