Following an investigation launched by Singapore authorities into Do Kwon, the co-founder of Terraform Laboratories, Terra Luna Classic (LUNC) has experienced a decline in its price. However, with a trading activity of $57 million in the last 24 hours, a surge in volume might be the push that LUNC needs to recover.
terra luna price prediction
Market uncertainties, including rumors of an imminent Mt. Gox release and broader crypto market FUD, have hindered upward price movements, but Federal Reserve Chair, Powell’s continuing update to Congress is being watched.
Today’s Lunc Price
Luna Classic’s price today is $0.0001345 USD
Although LUNC is currently trading at $0.00013840 (a 24-hour change of -2.37%), it appears to be headed for a comeback as it meets support at $0.00014, after a -35% decline from its local high at $0.00021.
Terra Luna Classic Price Prediction
However, the revelation of a new probe into Terraform Laboratories in Singapore, coupled with the fraud accusation by the SEC against Do Kwon last month, have added to the fundamental mood’s low.
luna price prediction next week
Despite this, the RSI’s cooling off to a highly bullish 31 level provides some encouragement as it had previously provided a rally for LUNC in January. This could indicate that LUNC has reached the bounce zone, and with an increase in trading volume, it could make a comeback this year.