- LUNC price has decreased by 14.16% within the past 24 hours.
- The price of LUNC could show bullish trends if it cannot surely break the current support.
- According to CoinMarketCap, the price of MATIC hovers around $0.0002875.
Terra Luna Classic (LUNC) is within the oversold zone following a price decrease of 14.16% in the past 24 hours.
Looking at the one-hour chart of LUNC/USDT, the RSI value of LUNC has already retraced back to 26.94 from a high of 58.94. Readings below 50 suggest that the market is in a downtrend, with a greater likelihood of the price going down.
LUNC can be predicted using the Keltner Channel indicator. The price is in the second half of the channel, meaning people are selling LUNC rather than buying at the moment. For a better risk-free scenario, we should wait for a downturn or a better entry point to improve the reward-to-risk ratio.
A price analysis of the 1-Hour chart of LUNC/USDT states that LUNC is going sideways at the moment. LUNC is swinging from the highest of $0.00039691 to the lowest of $0.00025484 within the past 24 hours. The current resistance is $0.00038000, while the current support is $0.00029000.
If LUNC can break the current resistance, the potential price area for LUNC to reach is $0.00041000. But in contrast, if the bears are forced to dump the price further, LUNC can reach around $0.00028000.
After the UST/Luna collapse, a new Terra chain was established using the original Terra Luna coin, known as Luna Classic (LUNC). Terra (LUNA) and Terra Classic (LUNC) have differences. Due to the adoption of Terra Ecosystem Revival Plan 2, both token variations were allowed to exist. Before the depeg and subsequent crash, LUNC tokens were air to current UST and LUNA holders.
At the time of writing, LUNC ranks 32nd in CoinMarketCap’s list, with a market capitalization of $1,760,779,621.25. LUNC is currently trading at $0.0002879 after reaching the highest of $0.0003854 with a price decrease of 14.16% within 24 hours.
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