Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Day Despite Crypto Market Crash – What's Going On?
Terra Luna Classic (LUNC) has demonstrated remarkable resilience in the face of the recent cryptocurrency market crash.
After bouncing off above the support level of 0.00009044, LUNC has managed to climb back up and is currently trading at $0.00009534.
This impressive recovery has captured the attention of investors, who are now keen to understand the factors driving LUNC's upward momentum.
Terraform Labs co-founder Do Kwon is reportedly facing extradition custody in Montenegro following a request from South Korea, where he is accused of being involved in the largest financial fraud case in the country's history.
The United States has also sought his extradition to face charges by federal prosecutors and the US Securities and Exchange Commission.
Kwon and former Terraform Labs CFO Han Chong-joon were arrested in March on charges of falsified travel documents.
Kwon is also being questioned about his ties to a local politician, which have been the subject of media scrutiny.
The Terraform Labs' Terra ecosystem collapse in May 2022 resulted in estimated losses of up to $40 billion.
The current price of Terra Classic (LUNC) is $0.000095, with a 24-hour trading volume of $8.2 million.
Over the past 24 hours, Terra Classic has experienced a 2% decrease in value. It currently holds the #62 position on CoinMarketCap, with a live market cap of $55 million.
There are approximately 5,847,255,050,742 LUNC coins in circulation.
On the technical side, LUNC has experienced a bounce above a key support level at 0.00009063, which is confirmed by another trend line visible on the four-hour timeframe.
This bounce has led to a rise towards the level of 0.00009522. Currently, LUNC has formed a symmetrical triangle pattern, indicating indecision
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