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 $0.000099 support. With momentum building, SEED_DONKEYDAN_MARKET_CAP:LUNC could offer significant upside for those looking to capitalize on its unique combination of community-driven initiatives and market dynamics.
Luncbusd
This left 53136 BTC in Terra's reserves (+313 BTC)
Between January and May (2022), 80394 bitcoins were purchased by the LFG (Do Kwon)
There are two different sets of LFG Bitcoins (Bitcoin reserves (Terra's reserves)):
First, from 80394 BTC, 42530 BTC was sent to LFG wallet (wallet = bc1q.... s50tv4q).
Luna-LFG balance chart: (Max = 42530 BTC)
from 42530 BTC, 15272 BTC was sent to this address (wallet = bc1qm3....3ewf0j77s3h)
a- This left 15272 BTC in Terra's reserves (Do Kwon)
Second, (From 80394 BTC) Do Kwon did not send 37864 BTC to LFG wallet!
b- This left 37864 BTC in Terra's reserves ((9 - 10 May 2022))
As a result: (a and b) ---> 15272 BTC + 37864 BTC = 53136 BTC
This left 53136 BTC in Terra's reserves
the remaining 53136 remain unspent and are likely still sitting with the LFG (Terra's reserves or Do Kwon).
a, b, c
Money laundering:
LUNA = a scheme to disguise the money as legal ($ 411 M)
and ...
Transactions:
#LUNC/USDT
#LUNC
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $0.0000800 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 0.0001000
The first goal is 0.0001280
The second goal is 0.0001530
The third goal is 0.0001800
#1000LUNC/USDT#1000LUNC
The price is moving in a bearish channel on a 4-hour frame, which the price adheres to and is expected to break to the upside in an upward manner
It is expected that the Moving Average 100 test will be retested
We have a major support area in green at the 0.1200 level
The RSI indicator has a downtrend that is expected to break higher
Entry price is 0.1300
The first target is 0.1419
The second target is 0.1650
Third goal 0.1972
LUNC: 📊Analysis by AhmadArz:
🔍Entry:
BUY:1442
SELL:2353
🛑Stop Loss:
BUY:1322
SELL:2642
🎯Take Profit:
BUY:1565-1690-1823
SELL:2050-1752-1442
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
in the minor movement(LUNC)📊Analysis by AhmadArz:
Ok by scalp trading????
🔗"Uncover new opportunities in the world of cryptocurrencies with AhmadArz.
💡Join us on TradingView and expand your investment knowledge with our five years of experience in financial markets."
🚀Please boost and💬 comment to share your thoughts with us!
This my projection for luncusdt in short term may be 2 weeksI don't know if we are in a real bull market or a trap. But we need to react to price movements. luncusdt has been getting stronger in the last few weeks and I think it will make a move again from here.
Support can be entered (LUNC)❤️❤️Thanks for boosting 🚀 and supporting us!
📈And in the continuation of the upward trend, support can be entered.
📊 (Buy) : 12058
🔴 Stop Loss : 11102
🎯 Take Profit : 14469-15851-17115
🔗 For more communication with us, send a message in TradingView.
👨🎓 Experience and Education: Our trading team has five years of experience in financial markets, especially cryptocurrencies.
LUNC/USDT Bullish Trajectory in the Spotlight? 👀 🚀LUNC💎 Paradisers, turn your attention to LUNCUSDT as it showcases a compelling performance in the demand zone, signaling a strong likelihood of breaking through its resistance level for an upward trend.
💎 Reflecting on its past behavior, LUNCUSDT has a consistent record of surmounting its descending trendline, leading to bullish movements. Currently, after facing a rejection at the resistance level of .9673, the odds are tilting in favor of a resistance breach. This is further bolstered by its recent sweep of buying liquidity, reinforcing its position in the demand zone and the potential for continued upward momentum.
💎 However, should LUNCUSDT falter in maintaining this upward trajectory and descend below the demand level of .7806, a bullish strategy from the support level may come into play. A break below this threshold could pave the way for short-selling opportunities.
Moon will back to the moonLuna pump with 100% profit last night, and stop at resistance.
in this chart, I will try to explain what happen at luna.
Rising wedge pattern
last night movement stopped at previous resistance trendline and create a big rising wedge pattern .
If luna pullback, rising wedge support can be a new higher low before continue bullish with 68% profit range .
Resistance Line
0.9696 will be next strong resistance, this resistance are next bullish target
Classic support (CSR)
0.5866 are previous resistance and became new support . this point will hold bearish movement
FIbonacci Pattern
0.5843 Classic support are also fibonacci 0.618 support , target from this area at fibonacci 1.272, and this level are same as resistance line. And if this resistance break up , we will see this moon back to the moon .
Don't forget to support this analysis,
If you have any question, do not hesitate to contact me
Your support at this analysis will also support Luna to reach bullish target
Click here to check my other analysis
LUNC (Luna Classic) - BUY & HODLI am buying and adding Classic Luna (LUNCBUSD , LUNCUSDT , LUNAUSD).
It went to the Moon and then came back to Earth.
Yeah, they pulled the rug or whatever, but it has potential.
Moreover, it has proven to have a pulse, still..
So, I have bought millions, and will continue to stack LUNC.
Where: a good level IMO is 0.000115 .
Some Technicals:
* Support Trend-Line
* Running Flat
* Ending Diagonal
* Fibonacci Retracements
I've been meaning to sync the Crypto Markets' next Bullish Cycles.
The Fibonacci Time Zones point me to early '23 as a potential start.
Stay safe & HODL!
LUNC COIN PRICE PREDICTION✅ LUNC COIN PRICE PREDICTION✅
🔥 Price on the daily chart has broken down an important resistance trendline with a Bullish Candle🔥
If the Price Continue UP ..
🚀🎯You can target around $0.00012573 that's around 33% Gains🎯🚀
If Breaks down..
We can expect around the $0.00008642 range.
👉 Follow me for more opportunities.
LUNC falls in our dedicated area, What is next?LUNCUSDT can go up as it crosses bullish triangle flag as shown in the graph. For any questions you can contact us.
Trade can touch bottom again before taking big direction. We issue prediction after careful analysis. You can enter after doing your own analysis.
big longAs we can see, wave 1 has been completed
Then wave 2 is completed
WSF rises in wave 3 very large
There is good news released that supports this
Thank you all
Good luck
Bullish flag pattern!! Cooking❗️❗️LUNCHello, friends, so far, you have not shown any reaction when the market rose in the recent period. I think in the coming days there will be a very strong rise now in the formation of the bullish flag pattern. We are waiting for confirmation with a big breakthrough.
Share your opinion!!
Terra Classic Analyze [Road map!!!🗺️(04/10/2023)]!!!Terra Classic is running on descending channel.
Let's look at Luna on the daily time frame from Elliott Wave theory. It looks like Luna is forming a Doube Three Correction(WXY) correction structure, and I expect microwave A from the main wave Y to finish near the 🟢heavy support zone🟢 and then move to the upper line of the descending channel should grow🚀(➕40%).
Terra Classic Analyze ( LUNCBUSD ) Daily time frame⏰ (Log Scale).
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
Please do not forget the ✅' like'✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Luna Classic Bullish ScenarioLuna Classic has already experienced a lot of depression and sideways movement. I think the door is open for the big players…
TP: 0.0012-0.0013
That is all.
Lunc will go to the moon (1000%+)According to the chart, Lunc has been waiting for a long long time,
It is time for Lunc, and Lunc will go to the moon(1000%+)
Luna Classic DailyTimeframe AnalysisThere's a Strong Support in 0.000116-0.00012..
The Luna Classic Formed a Parabolic Curve for many Months..
Breakout will decide new fate for luna Classic...
Break upside will leads to new highs..
Break Downwards will leads to new lows...