Get started

Lunc

Luna Classic: Burn Tax Proposal Sparks Debate Amid Price DeclineThe Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to increase the on-chain tax rate from 0.5% to 1.5%. While this measure promises to enhance LUNC’s burn rate and bolster funding for the community and Oracle pools, it has not been without controversy. The vote comes in the wake of the successful v.3.3.0 network upgrade, which simplified tax handling and improved the ecosystem for developers and dApps. The Proposal: A Closer Look The proposed tax increase would triple the burn tax, allocating 1.2% for burns and 0.3% for community and Oracle pools. Proponents argue this move could significantly reduce the total supply of LUNC, accelerate burns, and increase funds available for staking rewards and ecosystem growth. However, critics, including Binance co-founder Changpeng “CZ” Zhao, have raised concerns about higher taxes potentially deterring developers and layer-2 projects from building on the Terra Luna Classic network. Validators have also expressed divided opinions, with 43.24% voting "Yes," 16.01% voting "No," and 40.74% voting "No with veto" as of the latest tally. Current Market Performance Despite the promising implications of the burn tax proposal, LUNC has struggled in the market, dropping 9% in the last 24 hours to $0.0001135. The token’s trading volume surged by 38% during the same period, indicating heightened market activity. Similarly, USTC has seen a 7% drop, trading at $0.02029, with an 87% increase in trading volume. Technical Analysis From a technical standpoint, SEED_DONKEYDAN_MARKET_CAP:LUNC is in oversold territory, with the Relative Strength Index (RSI) at 28. This low RSI typically signals a potential correction or breakout, presenting two possible scenarios: 1. Upside Potential: The active community and the burn mechanism could drive renewed investor confidence, sparking a rally. 2. Downside Risk: If the broader market correction persists, LUNC may continue its downward trajectory, especially as Bitcoin’s ( CRYPTOCAP:BTC ) price movement exerts influence over the altcoin market. Immediate support for SEED_DONKEYDAN_MARKET_CAP:LUNC is seen at $0.0001115, with resistance at $0.0001243. A breakout above this resistance could signal a short-term recovery, while a failure to hold support might lead to further declines. Fundamental Outlook The burn tax proposal highlights the Terra Luna Classic community's commitment to reducing token supply and strengthening the ecosystem. However, the divided vote underscores the challenge of balancing ecosystem growth with immediate investor sentiment. Despite the current price volatility, LUNC's long-term potential remains tied to the community's ability to execute on its vision and navigate market challenges. If Proposal 12149 passes, the increased burn rate and enhanced community funding could lay the groundwork for a more robust Terra Luna Classic network. Conclusion While LUNC’s recent price action reflects broader market trends and skepticism around the burn tax proposal, its strong community backing and proactive governance measures position it as a token with significant long-term potential. Traders and investors should closely monitor the outcome of Proposal 12149 and key technical levels to gauge the token’s next move.
Long
by DEXWireNews
LUNCUSDT Analysis | first native token of Terra blockchainThe price is currently testing the **0.5 Fibonacci retracement level** (black line) as a potential support zone. If this level fails, the **200-day MA** (red line) is the next significant support level to monitor. Oscillator Analysis: - **PSAR**: Flipped red, indicating bearish momentum. - **RSI**: Dropped to ~44, suggesting bearish momentum but not oversold, leaving room for further downside. - **MACD**: Bearish crossover, with the histogram deepening, confirming negative momentum. - **OBV**: Declining, signaling reduced buying pressure and increased selling activity. If the **0.5 Fib level** holds, it could provide a base for a rebound. However, if broken, the **200-day MA** will be critical for preventing a deeper correction. Monitor these levels closely!
by vagada
ITS LUNC time!! Will it go to a $1?So basically LUNC had some movement and as I am already late to see it's been not known to me as of now that any news or something gave that move? But I can help you understand whats next onto it? This is the 12H chart and idle scenario buys goes from the white line - Thats the TPO Line. Ideally at 4Hrs, 0.00016923 is the point to hold and if volume suggets, Longing from here is a better option. To all the people who have fomo, dont do it! My Buys start from the tpo - white line 0.00015861 to 0.00016138. either you can try to buy from the SMA line or buy 30% of it and remaining from the mentioned. Also you may find it more low as TPO flush happens. So My Buys are mentioned stops will be deviated once the SMA is touched, Targets - The red line! If goves above it, will follow the yellow box stating the final targets or extended ones! To put trailing Sl's as shown below
Long
by MastaCrypta
2
Terra Classic (LUNC)So far, LUNC's movement behavior is analyzable by technical analysis and Elliot waves. That is, the corrective 2 and 4 waves both ended at 0.5 and 0.618 Fibonacci retracement; And the impulse wave 3 have been extended to 1.618. So, if the impulse wave 5 grow bigger than wave 3 it can extend past the 1.618 about 0.0041. Otherwise, it probably going to be smaller than wave 3 and extend up to 1 Fibonacci extension; that is about 0.00125. There is another possibility and that is the corrective wave 4 is not finished yet and going to unfold in complex waves. Lets wait and see which happens.
Long
by SaeedSalehinia
27
Terra Luna Classic Set to Break Out? Set Your Eyes On ThatTerra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been the talk of the crypto world, thanks to its surging trading volume and promising tokenomics. With weekly trading volume hitting a staggering 2.27 trillion tokens on Binance and a much-anticipated burn event looming, optimism about a potential price surge to $0.0005 has reignited. Let’s explore the key drivers behind SEED_DONKEYDAN_MARKET_CAP:LUNC ’s bullish momentum and the technical and fundamental aspects that underscore its future potential. Massive Weekly Volume and Burn Optimism The Terra Luna Classic Foundation recently announced via X (formerly Twitter) that SEED_DONKEYDAN_MARKET_CAP:LUNC ’s trading volume surpassed 2.27 trillion tokens on Binance in a single week. In a pivotal move, Binance committed to allocating 50% of trading fees toward buying back and burning SEED_DONKEYDAN_MARKET_CAP:LUNC , a strategy designed to reduce token supply significantly. Historically, token burns have had a positive impact on price by reducing supply. The anticipation for Binance's next burn event, set to occur in just 12 days, has already bolstered market sentiment. A similar burn in the past triggered a notable price uptick, and traders are hoping for a repeat scenario. Governance Enhancements Boost Confidence In addition to the burns, Terra Classic’s proactive community governance is another critical catalyst. A recent proposal to transfer CoinMarketCap dashboard access to Allnodes, a leading validator, received approval. This shift aims to enhance transparency and streamline the project’s operational framework, thereby strengthening investor confidence. Technical Analysis Golden Cross Emerges Amid Recovery Efforts The technical outlook for SEED_DONKEYDAN_MARKET_CAP:LUNC is equally compelling. At the time of writing, SEED_DONKEYDAN_MARKET_CAP:LUNC is up 3%, trading with a Relative Strength Index (RSI) of 62.84. The RSI indicates that the token is gaining strength but is not yet overbought, leaving room for further upward movement. Of particular note is the formation of a golden cross on the daily chart. This bullish pattern, where the 50-day moving average crosses above the 200-day moving average, historically signals an impending price breakout. SEED_DONKEYDAN_MARKET_CAP:LUNC appears to be on the verge of escaping its previous falling trend channel, setting its sights on the next pivotal resistance at $0.000144. Should the token experience a correction, immediate support lies at $0.000099, a level that could act as a strong accumulation zone for buyers. The golden cross pattern, combined with this robust support, cements SEED_DONKEYDAN_MARKET_CAP:LUNC as a favorable buy at current levels. Pivot Points and Long-Term Targets Short-term analysis suggests SEED_DONKEYDAN_MARKET_CAP:LUNC is likely to challenge the $0.000144 pivot level in the coming sessions. Meanwhile, analysts are projecting a potential 480% rally that could catapult SEED_DONKEYDAN_MARKET_CAP:LUNC ’s price to $0.000593, provided the burn event and governance improvements maintain their momentum. Broader Market Dynamics Despite a slight dip in daily trading volume, currently down 65% to $68 million, SEED_DONKEYDAN_MARKET_CAP:LUNC has posted a respectable 10% gain over the past week. Futures Open Interest for Terra Classic decreased by 11% to $9.33 million, signaling that traders are exercising caution ahead of the Binance burn. This "pause" could set the stage for a dramatic price move once the burn is executed. Conclusion Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is at a pivotal moment, with strong fundamentals and bullish technical patterns aligning for a potential breakout. The combination of token burns, governance improvements, and a golden cross pattern on the chart has fueled optimism for a price surge to $0.0005 and beyond. Investors should keep a close eye on the upcoming Binance burn event and key technical levels, particularly the $0.000144 resistance and $0.000099 support. With momentum building, SEED_DONKEYDAN_MARKET_CAP:LUNC could offer significant upside for those looking to capitalize on its unique combination of community-driven initiatives and market dynamics.
Long
by DEXWireNews
Avalanche Foundation Acquired 1.97 Mln AVAX tokens from LFGThe Avalanche Foundation recently took a bold step to reclaim its ecosystem's autonomy by acquiring 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG) for $53 million. This buyback, paired with CRYPTOCAP:AVAX ’s strong technical outlook, positions Avalanche well for further growth in the evolving crypto market. Let’s dive into what this buyback means for Avalanche, its partnership history with LFG, and the technical indicators suggesting where CRYPTOCAP:AVAX might be headed next. The AVAX Buyback The Luna Foundation Guard (LFG) originally acquired $100 million worth of AVAX tokens from the Avalanche Foundation as part of a reserve strategy to support TerraUSD (UST), the algorithmic stablecoin of the Terra blockchain ecosystem. In return, the Avalanche Foundation received $200 million worth of UST and LUNA tokens, signaling a cross-ecosystem partnership intended to strengthen both platforms. However, following the collapse of UST, the Avalanche Foundation faced a dilemma. The 1.97 million AVAX tokens LFG still held became a potential risk, as their future sell-off could create a major price disruption. In response, Avalanche reclaimed these tokens to mitigate uncertainty and reaffirm its commitment to the community. Aytunç Yildizli, CEO and Executive Director of the Avalanche Foundation, expressed optimism regarding this acquisition, viewing it as a reinforcement of Avalanche’s ongoing commitment to growth and development. How the Tokens Will Be Used Avalanche’s reclaimed AVAX tokens will be funneled into initiatives supporting its ecosystem. According to Avalanche representatives, these tokens are earmarked for community grants, ecosystem development, and technological advancements. By using the tokens in this way, Avalanche aims to foster community engagement, expand its ecosystem, and ultimately attract more projects and developers to the platform. The Partnership with Terra The original partnership between Avalanche and LFG was a milestone in cross-chain collaboration. By contributing $100 million worth of AVAX to UST’s reserve, Avalanche became the first major crypto asset outside of Bitcoin to support UST, expanding its role in the Terra ecosystem. The collaboration had initially sparked hopes for integrating Terra-based DeFi protocols within the Avalanche ecosystem. Although the plans were cut short by the Terra collapse, this collaboration showed the potential of cross-chain partnerships in crypto. Technical Analysis Despite its impressive fundamentals, CRYPTOCAP:AVAX has experienced a minor dip of 1% at the time of writing. However, the daily chart reveals a promising “Golden Cross” pattern, a technical indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a strong bullish signal, often indicating that the asset is primed for an upward reversal. Yet, caution remains necessary. If selling pressure persists, CRYPTOCAP:AVAX could dip to its next support level around $24. This would provide an opportunity for accumulation, especially for those who believe in the token's long-term potential. AVAX’s Role in the Layer-1 Ecosystem As a leading layer-1 blockchain, Avalanche differentiates itself through its unique subnet architecture, enabling highly customizable and scalable applications. This modular approach has drawn various developers to build DeFi, gaming, and enterprise applications within the Avalanche ecosystem. With the AVAX buyback, the Avalanche Foundation signals a strategic focus on expanding and supporting these use cases, enhancing the platform’s utility and resilience. Conclusion: Is AVAX Ready for a Rebound? Avalanche’s proactive buyback of AVAX tokens from LFG demonstrates the Foundation’s commitment to fostering stability and long-term growth. Coupled with a Golden Cross pattern on the daily chart, these fundamentals suggest a promising outlook for $AVAX. The token remains a valuable asset for investors seeking a solid foundation within the layer-1 blockchain sector. While short-term volatility may persist, Avalanche’s combination of technical indicators and ecosystem developments makes it well-positioned for a potential bullish trend. For investors eyeing layer-1 assets, CRYPTOCAP:AVAX offers a compelling mix of fundamentals, technical strength, and future growth potential.
COINBASE:AVAXUSDLong
by DEXWireNews
USTC, Out of Slumber soon. Multiple X Surge Prospect!USTC recently suprised everyone when it suddenly woke up from its deep slumber from its 0.10 range to surge at 0.18 level. It corrected back to 0.13 range as we speak. The sudden spike conveys a buying volatility is already in order. Expect another upside attempt from here on with possible significant breakout. This one is very sensitive to pump at the current range. Recent development conveys a permanent omission of minting of the coin to support its repeg. Spotted at 0.013. TAYOR.
Long
by JSAL
38
Lunc Breaks Out Terra Classic (LUNC) has surged past a key resistance level with strong volume, signaling a potential trend reversal. Bullish indicators like the Bollinger Bands and moving averages suggest this upward momentum could continue. Is LUNC finally on its way back to the moon? 🌕 **Key takeaways:** * LUNC breaks above crucial resistance. * Strong volume confirms buying pressure. * Bollinger Bands and moving averages support the bullish outlook. **What's next?** Keep an eye on these levels: * **Support:** 0.00008713 * **Next Target:** 0.00009187, then 0.00010000 **Disclaimer:** This is not financial advice. Cryptocurrency investments are volatile, so always do your own research and practice risk management.
CRYPTO:LUNCUSDLong
by GenesisRothmeger
1
LUNC is still bearishLUNC has bearish structure. It is now pullback to the premium ranges of the previous wave. Nearby, there is a supply range that is an inside bar. The overlap of the flip line has increased the validity of this area. We are looking for sell/short positions in the supply range. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1