Terra Luna Classic (LUNC) Crypto Price Prediction October 2022

cryptonews.com:

Terra Luna Classic (LUNC) shocks the crypto market once again as it pumps over 15% in the last 24 hours. 

Shortly after pumping back up to $0.000296, LUNC retraced slightly down to $0.000279 and must now retest $0.00029. 

Will Terra Luna Classic recover back to $0.00032 in October? LUNC is available on OKX.

Moments before Terra Luna Classic (LUNC) broke out today I had warned members the price was about to do something special in my official discord channel.

Terra Luna Classic had been trading within a bullish reversal pattern known as a broadening descending wedge. 

This is formed when the price rallies and retraces within a descending wedge which has diverging resistance and support trendlines.

Currently, LUNC is trading at $0.000282 but is still up by 9.11% since this morning. This could potentially be a short term retracement until we see more positive price continuation. 

As we can see LUNC comfortably found support around the $0.000257 following the recent breakout due to the bullish news around Binance who will soon be integrating the 1.2% burning and taxing mechanics. 

Whilst a rapacious breakout occured, LUNC didn't quite hit the technical price target of $0.00033.

It is now imperative that LUNC can hold the $0.00028 support level in order to prevent negative continuation to the downside and from entering the broadening wedge pattern once again. 

Historically, October and November are strong months for the crypto markets, we could potentially see the entire market sentiment shift from extreme fear to neutrality or greed. 

This would result in an uptrend for Bitcoin which should also drag altcoins such as Terra Luna Classic up with it.

Even though LUNC has been in the limelight once again these past 24 hours, on the