Will Terra Luna Classic Get Better for $1? / Lunc Coin News / Crypto News Today
1 year ago
Terra Classic
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Terra Luna Classic price sales continue unabated after the collapse of FTX and its subsidiaries. The total cryptocurrency market cap has dropped below $1 trillion as investors reacted to the bloody confusion caused by unending problems at one of the world's largest cryptocurrency exchanges.
The situation is similar for Terra Luna Classic, with weekly losses reaching 28%. In the last 24 hours, LUNC has lost 6.7% of its value.
Terra Luna Classic price defended the support at $0.0001640 as the market waters to the downside. There was a quick recovery, but its momentum waned when LUNC shrugged off the 50-day Moving Average at $0.0001949.
Investors are likely pushing for a lower-priced LUNC before entering the market to capitalize on the expected $1 rebound after the dust settles. The Relative Strength Index will add confidence to the bearish outlook if Terra Luna Price enters the oversold territory.
Remember, symmetrical triangles have definite breakout targets (26% in the case of LUNC) � equal to the distance between the widest points of the pattern � and are estimated from the breakout point. Such a move will positively affect the Terra Luna Classic price and set the pace of the rally to $1.
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