While the overall market has grown by a comparable percentage, the price of Terra Luna Classic has increased by 1.5% in the past day to hit $0.0001648. Due to the SEC’s moves against Terraform Labs and declining market trust, its stock has already fallen 8.5% over the past 30 days and 6% over the last week.
Despite recent drops, the Terra Luna Classic community is coming together around plans to boost the altcoin’s price, so LUNC is probably going to increase again soon.
Lunc Price Prediction
After a difficult week or so, the signs for LUNC indicate a potential recovery. Because the currency’s 30-day moving average (red) was lower than its 200-day moving average, it may in fact start to rebound after it bottoms out (blue).
In addition, the relative strength indicator (purple) for LUNC has now increased to 50 from its previous low of just around 30 for a few days. Therefore, this gaining traction might herald a more robust rally over the next day or two.
Today’s Lunc Price
LUNC may experience a more sustained rise if it can effectively overcome the resistance level of 0.000167. Recent efforts to soar higher than this price have failed, so a clear break may signal a shift to a more stable level.