Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Day – Time to Buy?
In the ever-volatile world of cryptocurrencies, Terra Luna Classic (LUNC) has made significant waves today. Despite its price currently standing at a modest $0.000060, the coin boasts an impressive 24-hour trading volume of $3 million.
Although Terra Classic has witnessed a slight 2.50% dip in the past day, it has managed to secure its position at #86 on CoinMarketCap's rankings, with a robust market cap of $345 million.
With over 5.8 trillion LUNC coins in circulation, the question arises: given its recent performance, is now the right time to invest in Terra Luna Classic?
Upon analyzing the technical indicators of Terra Luna Classic (LUNC), the coin appears to be trading with a bearish bias.
It has dipped below the $0.000059 support zone, and there's potential for a further decline to the next immediate support level at $0.00005836.
The 50-day EMA line hovers around $0.000060, currently posing a significant challenge for LUNC.
If it remains below this level, LUNC is likely to continue its bearish trajectory, potentially descending towards the $0.000058 target.
Oscillator indicators for LUNC, such as the RSI and MACD, also suggest a bearish trend as they reside in the sell zone.
Therefore, it would be prudent to closely monitor the $0.000060 level for potential selling opportunities.
Conversely, should there be a bullish breakout above the $0.000060 level, it could propel the LUNC price towards $0.000062 or even $0.000064.
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