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Terra LUNA Price Target after the U.S. CFTC sued BinanceBinance and its CEO, CZ, are being sued in the US by Commodity Market Regulators in a complaint that claims the defendants committed “wilful evasion of US law”. This comes after the SEC Charged Crypto Entrepreneur Justin Sun and his Companies for Fraud and Other Securities Law Violations last week. Binance is responsible for 61.8% of the global crypto trading. Its Market Share is Huge! I assume we are about to witness a major selloff in the crypto industry. My Terra LUNA Price Targets: LUNA/USDT short Entry Range: $1.20 - 1.30 Take Profit 1: $1.05 Take Profit 2: $0.90 Take Profit 3: $0.75 Stop Loss: $1.55
Short
by BuySellMarketMaker
LUNC Aiming to Break 0.00018584Looking at the 1-Day chart of LUNC/USDT, the LUNC price was testing the support level of $0.00016041 and $0.00014382 quite a few times. It reversed from the support level of $0.00014382 and now trading inside the symmetrical triangle. As soon as it breaks out of the symmetrical triangle, we can expect a huge rise or fall in the coming weeks. Meanwhile, our long-term LUNC price prediction for 2023 is bullish since it cannot break the present support level soon. We can expect LUNC to reach $0.00021296 in 2023.
Long
by CoinEdition
2
Terra LUNA 2.0 ... to $300+I think there are many reasons to believe that luna 2.0 could reach the levels it was at before the crash. The technical analysis shows a possible astronomical rise, if so, it would mean a recovery of the crypto ecosystem in general. * Many projects are moving to luna 2.0 * 133k+ watchlists on Coinmarketcap * Binance Support * LUNC as a popularity enhancer. If the volume grows as it should, and bitcoin grows as it should, most likely in less than 1 year, we could see luna 2.0 in the $300+ My SL is below 0.75 Targets: 200, 250, 300 Don't invest like a novice, invest smartly. Don't put all your eggs in one basket. Happy new year to everyone. I am bullish up to 2025. #HOLD
LLong
by JBPip
1
LUNC LUNA CLASSIC LAXATIVES ARE KICKING IN, HUGE CRAP COMING!LUNC, as I have said before in my other charts is about to drop like you've never seen before. The break of this descending triangle is going to be ugly. I also don't think the measured move down will stop there. Once LUNC heads to those lows everyone who is staked and "believers" will suddenly become non-believers and they will unstake and sell their positions pushing LUNC to new lows. LUNC does not belong even in the top 100 in my opinion, its worthless and has no real world use, plus no one with serious money in their right mind will ever invest in this dead project. Take profits and cut your losses if you have any or you will incur many more losses. LUNC is never going to burn enough to make any sort of difference ever. No millionaires will be created by holding this dirty diaper. If you plan to hodl then I feel sorry for you and all I can offer is some toilet paper and some tissues. This is not trading or financial advice this isjust my opinion. If you like my content then please support my work by following me, and give me a boost if you a second. Thank you and good luck out there my friends.
Short
by Bitgolder
12
LUNA CLASSIC BOUNCE THEN CONTINUATION TO .00009 HEAD & SHOULDERSLUNA CLASSIC LUNC Luna seems to be bouncing within this falling channel/wedge. If LUNC has the volume and manages to break out of this wedge then I can see a nice run to .00033 and if there is enough steam and volume then a spike to .00035. At that point I believe LUNA will drop back down to previous support at .000288. Once that happens LUNA will have formed a perfect head and shoulders on the hourly all the way to the 6 hour, in which a measured move drop would bring it to its previous low in this correction at .000182. From .000182 there is hardly any real support all the way down to .00015 - .00009 and I see LUNA breaking right through .000182 after maybe a tiny bounce and then continue to bleed out all the way down to .00009ish. My previous targets still stand, I do not see LUNA taking off from here, this was a relief rally and once its over the correction will resume. I also wanted to update you Lunatics on the burns. So far since the burns started LUNA has burned about 10 Billion tokens. Binance burned about 5 billion in a week of their transaction fee burning bullshlt. This is the most important part please focus: EVEN IF LUNA BURNED 10 BILLION A WEEK IT WOULD STILL TAKE 100 WEEKS TO BURN 1 TRILLION. THE SUPPLY IS STILL ALMOST 6 TRILLION! AS SUPPLY DECREASES THE AMOUNT OF TOKENS BURNED DECREASE DRAMATICALLY. IT WILL TAKE MORE THAN 20 YEARS TO BURN 90%. I don't understand why everyone is still screaming for $1, $.10, or even a penny, itll never happen with the current supply and because this thing has no use case other than to be pumped and dumped. Then calling me stupid because I am posting the truth trying to save you poor suckers from a scam. What is wrong with you people? Did any of you pass simple 6th grade math? Is the dream state too sweet to get out of? Are you all on drugs? I don't understand what it is but something is wrong with the whole lot of you. I think in your mind you're so set on becoming millionaires that you have lost sight of common sense and what is actually happening because of the delusional dream state you're all in. It reminds me of that movie Don't Look Up. Then when the rug gets pulled and you jackasses loses all your money you start crying to mommy, stomping your feet, and wanting to sue and blah blah blah. At this point I know Ive saved a good handful of people from losing their shirts and they took profits and got out of this scam and put their money into something with true value. Kudos to you guys who did get out. The rest of you, I wish you the best and I hope that when LUNA does crash and you're money is in the whales pockets who dumped on your face this whole time, that you aren't scared to enter crypto again. These scams really put a dent in crypto adoption when they collapse, because it scares people out of the market. At least until the next bullrun when you guys buy the top and sell the bottom again. How many times does someone have to run into a glass door or lick a metal pole in the winter to realize it hurts? THIS IS NOT TRADING OR FINANCIAL ADVICE THIS IS JUST MY OPINION. GIVE ME A BOOST AND FOLLOW FOR MORE! THANK YOU AND GOOD LUCK
Short
by Bitgolder
9
Hard fork and death wishes for LunaLFG has announced that a hard fork will happen and this hard fork my cause the price to pump up as people assume the volatility and the price would continue go upwards. This is a trap and the this price move to the upside will be followed by a mass sell off from investors taking profits. This may further harm investors. Luna has massive inflation and zero belief which has caused the legal team of Luna to remove themselves from the project. This further means that the project cannot double its market cap and continue to the upside as the believe only causes massive sell off and with the inflation makes it next to impossible for the market cap to double. Another problem is the illiquidity of the recourses in LFG recourses as they used their most liquid recourses to keep the stablecoin UST alive where as other recourses as staked in for example AVAX. LFG therefore does not have enough recourses to keep the sinking ship a float. In the next coming days would the airdrop of the new Luna cause a short increased belief on both coins followed by the same price movement as showed in case 1 and 2 in the chart. In the regulatory future may also the SEC increase regulations on stablecoins which further gives people less of an incentive to invest in Terra/Luna.
Short
by vf_investment
LUNA IS NO MORE.. WE WILL SEE ANOTHER -40% DECLINE AHEAD!!Check out the trade plan for LUNA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! Negative fundamentals over luna is impacting the price heavily on the lower timeframe. We have seen a complete wipe-off on the gains that happened since gamblers' entry. Now the holders who entered around the current market price are at risk due to another possible decline which can value a -40% or more in the meantime. Expecting another reversal / sell-off to happen on the following highlighted resistance area.
Short
by traderchamp_
17
⚠️IMPORTAN UPDATE FOR USTC. THIS IS WHAT'S COMING NEXT!!⚠️Check out the trade plan for BTC today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! USTC has done a bounce with our previous prediction made. Here we have a bullish ascending triangle with a trend line formed on the key level. If the price can confirm the next direction with a perfect breakout, then we will see the pinned targets as mentioned on the chart.
ULong
by traderchamp_
2
Luna 2.0 Analyze (10/06/2022)!!!Luna 2 was able to make a Descending Triangle. It seems Luna succeeds in breaking the lower line of the descending triangle. I expect that Luna 2 will go down at least to the trend line(Descending Triangle's 🎯Target🎯 = -9%). Terra Analyze ( LUNAUSDT ) Timeframe 1H⏰ (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.
Short
by pejman_zwin
4
USTC POSSIBLE BOUNCE BACK OR BREAKOUT AHEAD ON THE KEY LEVELCheck out the trade plan for ADA today based on the technical analysis. Hope this analysis is useful, make sure to hit the thumbs and also follow my tradingview profile for future updates. Thank you! USTC has completed the 5 wave impulses and now it's on a retracement. We have seen a sell-off formed by a double tops structure on the resistance. Here we have a bearish breakout on the trend line which support more potential downside. I am keeping an eye on key level 1 to identify if the price will do a bounce or a breakout following the future price action.
UShort
by traderchamp_
4
LUNA CLASSIC LUNC Dont Get too Excited About This Bounce! .00012Luna Classic is still in its corrective/consolidation phase. The bounce was just a hype bounce, with new lows coming. As you can see a very similar type of bounce happened with LUNA in the first run but then was followed by a slow downward bleed with wicks much lower along the way before the next run up. My downside targets have not changed. I still see .00013-.00014 playing out before any type of next rally, with wicks down to .00012-.00011. Dont keep falling for the hype while the whales take dumps on your face. You can burn 99.99999% of LUNA and it'll still be shit that no-one wants. I mean I don't see any real world use case for this other than to make money trading it kinda like POGS were back in the 90's. Anyone remember POGS or milk caps? Anyways just though Id throw some common sense back in the mix of all these moon boy Luna ideas on this damn thing and save some of you poor saps some money. This is not trading or financial advice this is just my opinion. Leave a comment below and tell me what you think. Thank you and good luck.
Short
by Bitgolder
15
LUNA TO HIT $5 in 2030??? thoughts? LUNA TO HIT $5 in 2030??? _ NOT MY INFO! - sharing for community. Please give me a like so I can "Up my rep" Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. LUNA is the native cryptocurrency of the Terra system that was launched in 2019. TerraUSD was pegged to the LUNA coin so that it could maintain its price stability. Those familiar with the cryptocurrency industry are well aware of the collapse of the twin coins in May 2022 that led to the crypto-crash during Q2 2022. It was in 2018 that two South Korea-based techpreneurs, Do Kwon and Daniel Shin, founded Terraform Labs in Seoul. The two launched the Terra blockchain and introduced the UST stablecoin, pegged to the LUNA token in 2019. One of the most popular stablecoin projects, it was directed at delivering the benefits of price stability, wider currency adoption, decentralized anonymity and fast, affordable payments. However, the Terra ecosystem entirely collapsed in May 2022 and a fork was devised as per the Terra Ecosystem Revival Plan 2. A new version of Luna (LUNA) was launched, with the older one (LUNC) co-existing. Transactions on the Terra 2.0 blockchain are validated through the proof-of-stake (PoS) consensus mechanism. The leading cryptocurrency, Ethereum, has also transitioned from the proof-of-work to proof-of-stake mechanism that has only made the competition among PoS blockchains tougher. The network has 130 validators working at a given point of time. As a PoS platform, it is considered to be a very eco-friendly token. Why these projections matter? A stablecoin is intended to safeguard coin holders against the volatility of other cryptocurrencies. It is pegged to either a fiat currency such as USD or to a supporting cryptocurrency. Terra USD (UST) was pegged to Luna Classic (LUNC- then, only Luna). This is where the problem began. A cryptocurrency is in no way an equivalent to gold reserves. As UNA prices got destabilized, it adversely affected UST prices too, and the entire stablecoin system collapsed in May 2022. For a few initial years, LUNC kept performing well. And, it was even among the top 10 cryptocurrencies by market value by the end of 2021. But the Terra system collapsed in May 2022 leading to a fork. It, basically, launched a new version of Luna. The Terra Ecosystem Revival Plan 2 was implemented according to which both versions of the Luna token can exist. Undoubtedly, the future of this cryptocurrency is crucial in determining if a failed crypto can make a comeback and grow. Well, its performance after the May 2022 debacle has been, so far, less than celebratory. But if LUNC trades well in the future, it will be a cause of celebration not only for this particular cryptocurrency but for a lot of other cryptos. LUNC’s price, volume, and everything in between Since its launch in 2019, LUNC’s price kept floating around $0.2 and $1.3 until April 2021. When the crypto market boomed in mid-2021, its price began to increase. And, it nearly touched $100 by the end of the year. Starting from 2022, it kept oscillating between $50 and $100 and reached an all-time high (ATH) of $119.18 on 5 April 2022. The next month, its price began to fall and the Terra system collapsed in mid-May. Source: CoinMarketCap Bloomberg reported in May 2022 that the market lost approximately $45 billion within a week following the Terra collapse. Terraform Labs and its co-founder Do Kwon were fined $78.4 million in corporate and income tax by the Korean National Tax Service. On 25 May 2022, Bloomberg reported that the network launched a new version of the cryptocurrency, LUNA. The older crypto is now called Luna Classic (LUNC) and the newer one is called Luna 2.0 (LUNA). Though LUNC, the older cryptocurrency, has not been entirely replaced, a lot of users are moving to LUNA. It should be noted here that LUNC so far has not been performing well at all. The market capitalization of LUNC similarly reflects the market sentiment regarding the crypto. Throughout 2019-20, it didn’t even reach up to $500 million, but began increasing in 2021. Now, towards the beginning of February, it crossed the $1 billion mark. And, by the end of 2022, it was above $36 billion. LUNC’s journey kept moving upwards the next year too and in April 2022, it crossed $41 billion. But post the crash of May 2022, it has been oscillating between $300 million and $1.5 billion. South Korea is now seeking to revoke Kwon’s passport following which he might be forced to return to South Korea. A request has been passed to the nation’s Foreign Ministry to scrap the travel document, reported Bloomberg. An arrest warrant has already been issued against him and other members. Recently, Financial Times reported that South Korean prosecutors have reportedly asked Interpol to issue a Red Notice against Kwon. Kwon, however, tweeted that he is not on the run from any interested government agency and added that the company is in full cooperation and doesn’t have anything to hide. The crypto crisis that followed the collapse of the twin coins, Terra USD and Luna Classic, has adversely affected the entire crypto market. LUNC, in such circumstances, remains particularly vulnerable. LUNC’s 2025 predictions Before you read further, you should understand that predictions of different cryptocurrency platforms and analysts widely vary as different analysts rely on different sets of metrics to arrive at their conclusions. A good number of times, these predictions can go wildly wrong. Besides, nobody can foresee events such as the Chinese crypto ban or the Russia-Ukraine crisis. Let us now have a look at what different analysts have to say about the future of LUNC in 2025. Telegaon predicts that the minimum and maximum prices of LUNC in 2025 will be $0.0089 and $0.028, respectively. Other experts, after analyzing the previous performance of LUNC, predict that its average price in the said year will be $0.015. Coinpedia is, however, not so optimistic about the future of Luna Classic. It predicts that LUNC will be traded as high as $0.002846 and as low as $0.001094 in 2025. Its average price in the said year will be $0.001776. LUNC’s 2030 predictions Telegaon continues to remain optimistic about the future of LUNC in 2030 as well. It predicted that LUNC will be traded as high as $5.23 and as low as $1.93 in 2030, with its average price remaining at $3.11. On the other hand, Bitcoin Wisdom predicted that LUNC’s price will keep oscillating between $0.002603 and $0.002834 in 2030. Its average price in the said year will be $0.002719 as per the prediction. Disclaimer Now, it’s worth addressing the elephant in the room too. Pre and post-crash projections and opinions on the project have changed significantly over the last few months. This means that there is a lot of uncertainty around. For instance, back in March, Professor Carol Alexander, a member of Finder’s panel of experts, claimed, “… as its name implies, it could actually go to the moon (for a while).” On the contrary, there are others who believe, “There is a lot of uncertainty around LUNA right now –⁠ the project is really ambitious and the objective an admirable one but just what the effect on the LUNA token itself will be is unclear.” Conclusion So far, we have provided a succinct summary of LUNA Classic (LUNC). For those of you contemplating investing in cryptocurrency, we would like to reiterate that cryptocurrency predictions cannot be relied upon entirely. And, you should conduct your own research before making an investment in LUNC. The cryptocurrency market still remains very bearish and is likely to remain volatile for the next few months. A recent Bloomberg report says that an upcoming legislation would ban algorithmic stablecoins such as TerraUSD the collapse of which led to a global crypto crash. The said bill is currently being drafted in the U.S. House. The bill would make it illegal to develop or issue new “endogenously collateralized stablecoins.” We should also keep an eye on how the Terra community would adapt to the changes in technology and the market. It will determine if these developments will be successful in regaining investors’ trust.
Long
by Mitchellkennedy
7