Lunc Price Prediction: Today’s Lunc Price, 1st Jan 2023

Terra Luna Classic is struggling to keep support above support at $0.00014. Investors and cryptocurrency aficionados were overjoyed in 2021 with the expectation that 2022 would bring about a number of significant breakthroughs and milestones.

People in the general public casually discussed cryptocurrencies and compared Ethereum (ETH) to Bitcoin (BTC). Companies like FTX and Crypto.com were treated to flamboyant promotion efforts at sports arenas. Nonfungible Tokens, or NFTs, were able to achieve new benchmarks in 2021 amidst rising mainstream economic use.

A year later, once-pleasant subjects became contentious, beginning with the demise of Terra (LUNA) and its stablecoin ecosystem backed by TerraUSD (UST). From this point on, the larger cryptocurrencies have been in a slump, which has been negative for businesses like Three Arrows Capital, Voyager Digital, and Celsius Network.

After experiencing a liquidity crisis in November, Sam Bankman-FTX Fried’s exchange crashed just as investors were beginning to anticipate a year-end rise. Over 100 organisations under the control of FTX, Alameda Research, and its sister firm filed for Chapter 11 bankruptcy protection. BlockFi exposure to FTX was unable to endure and eventually declared bankruptcy.

Today’s Lunc Price

Luna Classic’s price today is $0.0001459 USD

Terra Luna Classic Price Prediction

The Terra Classic price is down at $0.0000146 as bulls work around the clock to defend the falling dotted trend line’s immediate support. Green candle momentum is increasing, but it will have more significance if price moves through resistance at the 50-day Simple Exponential Moving Average (EMA) near $0.0001546 and holds there.

On the 12-hour time frame chart, another rise above the subsequent falling trend line is required for the prospective short-term positive outlook in LUNC to materialise. Investors would be encouraged to support Terra Luna Classic price if price movement rose over this level in order to potentially benefit at $0.0005888.

If the aforementioned steps are not taken, LUNC may have a difficult start to 2023. Recognize that a clean breach below the dotted trendline could result in another sell-off and cause investors to worry.

The Directional Movement Index (DMI), which is currently sending a sell signal, supports the bearish outlook on the price of Terra Luna Classic. In order to confirm an impending aggressive push by the bears, traders wait for the -DI (brown line) crossing over the +DI (line in blue). The demand zone between $0.000085 and $0.000011, which is probably the bottom LUNC has been looking for since June of this year, may experience decreases in such scenario.

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