Hello, welcome today We have news about Cryptocurrency. Terra Classic Technical Analysis! Expert Review for LUNC Coin! / Crypto Analysis I prepared it, have a good time :) None of the videos published on the channel are INVESTMENT ADVICE!!! You are responsible for your investments, gains, and losses. LUNC, which is showing great interest from Turkish investors and trying to find buyers with plenty of zero, is falling today. The overall sentiment turned bearish for altcoins with Bitcoin closings below $17,000. Investors are not comfortable with the upcoming Fed meeting and the US PPI data due on Friday. As you know, the PPI is considered a leading indicator of consumer inflation, and it would not be good if it exceeded expectations. Falling for 3 consecutive days, LUNC bounced back from a descending trendline and lost the $0.000167 support. LUNC was down to $0.0001639 at the time of writing. However, it still remains among the top 50 cryptocurrencies, with a market cap of $981 million. Trading volume was up 7% on the day, which can be attributed to sales from short-term traders in anticipation of further declines. More candle closes below $0.000167 for LUNC will accelerate selling. Under the influence of a descending trendline, LUNC price action has been on a steady decline for two months. The altcoin has bounced back from this resistance three times, indicating that traders are selling on the ups. The latest move, coupled with the general pessimism in the market, may herald continued losses. So how many dollars can LUNC be in the scenario where the downward trend continues in the short term? The $0.00015-0.000147 range for LUNC is an important zone as support, sellers may want to test this level. Thus, LUNC price can extend its losses until it stays below the resistance trendline. Conversely, a possible breakout from this trendline would offer early signs for a price rebound. With the recent bearish reversal, LUNC price has dropped below the 20-day EMA slope, which offers an extra edge for market sellers. In the possible recovery, the resistance zones are at $0.000167 and $0.000187. Due to the high correlation it shares with Bitcoin, the movements of the king crypto money should be closely monitored. Genesis mentioned that it could take weeks to fix the problem this evening. If we hear of a bankruptcy decision by the end of the year, it will put more crypto companies in a difficult position. In addition, the Fed will announce its interest rate decision next week and a 50bps increase is expected. Please don't forget to subscribe to my channel and turn on notifications to receive daily news about what's happening in the world of cryptocurrencies, bitcoin price, crypto price, ethereum price, altcoins price, bitcoin mining, breaking bitcoin, bitcoin news and more. What's the new video? write in the comment section. For communication and sponsorship meetings with us: [email protected] Youtube LABEL , bitcoin , bitcoin live , bitcoin price , bitcoin mining , bitcoin today , how to mine bitcoin , what is bitcoin , how to buy bitcoin , bitcoin news , bitcoin price prediction , bitcoin news today , crypto , cryptocurrency , cryptocurrency news , crypto news , crypto news today , more crypto online , crypto banter , what crypto to buy now , luna crypto news today , ethereum crypto news today , all crypto news today , dogecoin crypto news today , baby dogecoin , how to mine dogecoin , dogecoin millionaire , ethereum news , ethereum news today , ethereum price prediction , what is ethereum merge , ethereum merge , how to bitcoin , how to bitcoin mining , how to altcoins mining , dogecoin miningMore Info