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LUNC/USDT planning bullish reversal from support| 🚀LUNC💎 Paradisers, gear up for an intriguing opportunity with #LUNCUSDT as it edges closer to a crucial support level, signaling a potential bullish reversal. If the price maintains its momentum and rebounds from this level, we might embark on a bullish journey from this support. 💎 With continued upward momentum, our sights are set on targeting the resistance at $0.00021046. Surpassing this level would lead us into the resistance mitigation zone at $0.00025546. However, should the price struggle to initiate an upward trajectory from the support at $0.00014515, we, as savvy traders, will adjust our focus to the next support level for a bullish rebound at $0.00011716. 💎 In the event the price dips below this lower support, be prepared for a further descent. Staying alert and monitoring the price action at each mentioned point is crucial for a clear understanding of the market. Remember, patience is vital in trading. Keep a close eye, and let's navigate this together with the ParadiseTeam.
Long
by MyCryptoParadise
3
$LUNC Soars with Unanimous Approval of v2.4.2 Upgrade Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) embarks on a transformative journey with the unanimous passage of its v2.4.2 upgrade proposal. Bolstered by overwhelming validation from validators and stakeholders, the Terra Luna Classic community sets the stage for a significant evolution in its blockchain ecosystem. The v2.4.2 upgrade, aptly dubbed Terra Classic v7, introduces a slew of groundbreaking features, chief among them being the implementation of IBC-Hooks. This pivotal upgrade paves the way for seamless integration of decentralized applications (dApps) onto the Terra Luna Classic platform, notably including the highly anticipated Enterprise DAO. The unanimous endorsement of the proposal underscores its paramount importance within the Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community. Notably, key validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto have rallied behind the upgrade, affirming its significance and potential impact on the platform's future trajectory. The comprehensive upgrade encompasses various enhancements, including the removal of package-forward-middleware (PFM) from the mainnet release and the addition of a minimum initial deposit requirement. These refinements, borne out of community discussions and deliberations, signify a collective commitment to advancing the Terra Luna Classic ecosystem. Moreover, Genuine Labs' proposal for a major security upgrade, incorporating key components such as Cosmos SDK 0.47.10 and IBC go v7, further fortifies Terra Luna Classic's resilience against potential threats and vulnerabilities. In tandem with these developments, the Singapore-based crypto futures trading platform WEEX announces the listing of LUNC spot and futures pairs. This strategic move not only expands LUNC's market accessibility but also augurs well for its liquidity and trading volume. Despite recent market fluctuations, SEED_DONKEYDAN_MARKET_CAP:LUNC demonstrates resilience, with a 1% price increase over the past 24 hours and a 4% uptick in the last week. Trading activity remains robust, underpinning investor confidence in Terra Luna Classic's long-term viability and growth potential. As Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) charts a course towards greater innovation and inclusivity, the unanimous approval of the v2.4.2 upgrade heralds a new era of possibility and progress. With a firm foundation in community consensus and technological advancement, Terra Luna Classic emerges as a beacon of resilience and evolution in the ever-expanding landscape of blockchain ecosystems.
Long
by DEXWireNews
2
LUNC Community Approves Genuine Labs' Upgrade ProposalIn a significant development for the Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) ecosystem, the community has rallied behind Genuine Labs' proposal for major core upgrades aimed at enhancing security, functionality, and interoperability. With the proposal officially passing, the stage is set for a transformative journey that could propel SEED_DONKEYDAN_MARKET_CAP:LUNC to new heights. The Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community's overwhelming support, with a staggering 99.95% "Yes" votes, underscores the collective belief in the potential of Genuine Labs' upgrade package. This package, encompassing crucial improvements to Wasmd, IBC Go, and Cosmos SDK, promises to fortify the foundation of the Terra Luna Classic network, paving the way for enhanced performance and expanded capabilities. Genuine Labs' roadmap includes upgrading to Cosmos SDK 0.47 and subsequently to Cosmos SDK 0.50.1, marking a pivotal step towards aligning Terra Luna Classic with the latest advancements in blockchain technology. The proposed upgrades bring forth a host of benefits, including heightened security measures, improved interoperability, and developer-friendly enhancements, all of which are essential for fostering innovation and growth within the ecosystem. As the Terra Luna Classic community looks forward to the completion of these developments within the next 8 weeks, anticipation runs high for the positive impact they will have on the network. With an estimated budget of $30K allocated for the upgrades, Genuine Labs is poised to deliver on its promise of ushering in a new era of progress and prosperity for SEED_DONKEYDAN_MARKET_CAP:LUNC holders and stakeholders. One of the most notable outcomes of the proposed upgrades is the significant increase in the burn rate of LUNC tokens. With an average daily burn of 200 million tokens and a whopping 1.3 billion tokens burned this week alone, the decline in token supply has already begun to exert upward pressure on LUNC's price. This surge in demand, coupled with the anticipation of future developments, has led to a 1% jump in LUNC's price over the past 24 hours and a remarkable 12% increase over the week. Meanwhile, the price of USTC, another token within the Terra Luna Classic ecosystem, continues to trade sideways near $0.03600. Although trading volume has decreased slightly, the overall sentiment remains positive, with stakeholders eagerly awaiting the ripple effects of Genuine Labs' upgrades across the entire ecosystem. In conclusion, the approval of Genuine Labs' upgrade proposal marks a significant milestone in the evolution of Terra Luna Classic. With the community's unwavering support and Genuine Labs' commitment to excellence, the future looks bright for LUNC as it embarks on a journey towards greater security, functionality, and value creation.
by DEXWireNews
Can LUNC Token Burn Program Lead to Price Surge?The price of Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been a cause of worry for investors ever since it dropped significantly from its peak of $119 in April 2022. Recent developments, such as the ongoing token burn program and the upcoming Bitcoin halving event, have sparked discussions about the potential of LUNC price rising once again. Currently, Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is trading at around $0.0001563, with a market capitalization of $896.32 million. Despite the prevailing bearish sentiment, the Fear & Greed Index stands at 85, indicating that investors are extremely greedy. Although past performance may not always predict future outcomes, we have identified three developments that could potentially cause Terra Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) price to rise to $0.01 after the anticipated Bitcoin halving event. 1. Token Burn Program Gains Traction: The continuous token burn program led by the Terra Classic community to decrease supply and potentially enhance the value of remaining tokens is a significant factor influencing LUNC’s path. The initiative aims to positively shape LUNC’s value by burning over 100 billion LUNC, with Binance contributing over 51% of the burn. The upcoming burning event on March 1, 2024, highlights the community’s commitment to this program. Analysts stress that external market dynamics heavily influence price movements, making long-term forecasts challenging, despite past burns having shown temporary price spikes. 2. Proposal 12073 Approved: Potential Impact on USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC : The recent approval of Proposal 12073 permits the burning of 800 million USTC from the Risk Harbor multisig wallet, potentially affecting both USTC and LUNC. Following approval, USTC saw a 25% price surge. While a direct link between USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC isn’t guaranteed, a thriving USTC could indirectly benefit $LUNC. Nevertheless, experts advise caution due to uncertainties surrounding this proposal’s long-term implications on LUNC’s price. 3. Bitcoin Halving: Potential Market Catalyst: The upcoming Bitcoin halving in 2024 is a crucial event known to impact the broader cryptocurrency market. As Bitcoin supply decreases, scarcity typically drives its price higher, historically benefiting other cryptocurrencies like LUNC.
Long
by DEXWireNews
✴️ Terra Luna Classic | 176% To 315% Target PotentialDid you read the Floki Inu trade idea? It is a short-term move and I am using the exact same tools here. We are looking at Terra Luna Classic on the LUNCUSDT trading pair. Notice how a falling wedge leads to a bullish jump and a new higher high takes place. One big falling wedge and one small. Prices go below support and produce a rounded bottom, after the rounded bottom back above support. Above support, bullish of course. Bullish = higher high and these are shown as targets on the chart. Remember to do your own research and planning because this is not financial advice. I wishing you tons of profits, good health, wealth and success. Keep reading what I have to share daily and you are sure to do good by the time the bull-market ends. Remember to follow if you enjoy the content that I share. Thank you for reading. Namaste.
Long
by AlanSantana
2
LUNC Oscillates as Technicals Favor a Short-Term Bearish OutlookOver the past 48 hours, BINANCE:LUNCUSDT has exhibited a series of fluctuations, with closing prices oscillating between 0.0001232 and 0.00012018. The 9-day Exponential Moving Average (EMA) has shown a slight downward trend, indicating a bearish sentiment in the short term. Conversely, the 20-day EMA has also decreased, reinforcing the bearish outlook but with a slower rate of decline, suggesting some level of support in the medium term. The Moving Average Convergence Divergence (MACD) values have been negative, with the latest reading showing a slight improvement. This improvement, as indicated by the histogram moving closer to the zero line, suggests a potential reduction in bearish momentum. However, the proximity of the MACD line to the signal line in the latest 4-hour candle indicates a market that is still deciding its direction. The Relative Strength Index (RSI) has hovered around the mid-40s. This level indicates neither overbought nor oversold conditions, suggesting a balance between buyers and sellers. However, the RSI's position below the midpoint leans towards a bearish sentiment. Looking at the technical levels, the Luna Classic price faces immediate resistance at $0.00012402, with the next hurdle at $0.00012575. These levels will be critical for bulls to overcome if they aim to initiate a sustained upward movement. On the downside, support is found at $0.00011887. A break below this level could signal a deeper correction.
Short
by StevenWalgenbach
Is LUNC Experiencing A Shift Towards Bearish Sentiment?The closing prices for BINANCE:LUNCUSDT on the 4-hour chart have shown a slight downward trend.This decline, albeit small, is a critical piece of the puzzle, suggesting a cautious or bearish outlook among traders. The Exponential Moving Averages (EMAs) further illuminate this sentiment. The 9-day EMA values, which are designed to react more quickly to price changes, have been consistently above the 20-day EMA values. However, both EMAs are trending downwards, indicating that the short-term momentum may be losing strength. This crossover and the direction of the EMAs are classic bearish signals, suggesting that the market could be preparing for a further downtrend. MACD and RSI: Confirming the Bearish Bias The Moving Average Convergence Divergence (MACD) values for the Luna Classic price have also shown a negative histogram, which occurs when the MACD line crosses below the signal line. This is a bearish signal, indicating that the downward momentum is increasing. The Relative Strength Index (RSI), a momentum oscillator that measures the speed and change of price movements, has been trending downwards as well. This suggests that the Luna Classic price could be entering oversold territory. Volume Analysis and Market Levels Volume analysis provides context to the price movements, with recent trading volumes showing a mix of high and low activity days. However, the declining price alongside fluctuating volumes can indicate a lack of confidence in the market, further supporting the bearish outlook. The immediate resistance level at 0.00012575 has not been breached, indicating that the market is struggling to find bullish momentum. On the flip side, support levels at 0.00011887, 0.00011832, and 0.00011809 are crucial. A break below these levels could confirm the bearish trend, while holding above them might offer a glimmer of hope for bulls. The confluence of bearish signals from the closing prices, EMAs, MACD, RSI, and volume analysis paints a cautious picture for LUNC/USDT. Traders and investors should remain vigilant, as the market shows signs of a potential downtrend.
Short
by StevenWalgenbach
✴️ Terra Classic Multiple Bullish Scenarios + Long-Term Targets Looking back to 2022 we can see how a bullish breakout found support in August of that year. The Aug. 2022 support leads to one more up-leg, three consecutive weeks green. We have a similar situation starting late 2023. A strong bullish breakout happens with the correction finding support at the exact same level support was found back in 2022. It is a big range but the median price sits at 0.00009984 which matches the Fib. retracement level for the Oct.-Dec. 2023 bullish wave. This week LUNCUSDT moved above EMA10 and EMA50 with the weekly session closing in less than 18 hours. Once the week closes above these levels a strong bullish signal is confirmed and the scenario depicted on the main chart above can develop. The Cryptocurrency market is unforgiving, a different scenario can be something like this: Another drop, a lower low compared to 22-January before the next bullish wave. Regardless of what happens in the short-term, we are bullish long-term . Namaste.
Long
by AlanSantana
3
LUNC Could Rise to $0.00014915 as It Breaks Bearish ShacklesBINANCE:LUNCUSDT managed to break out above a medium-term negative price channel throughout the weekend, and continues to trade above this bearish zone. As a result, the altcoin printed another higher low, resulting in a continuation of a bullish trend line that has emerged on LUNC’s charts. Should this bullish momentum continue, the crypto could climb towards $0.00014915 in the upcoming couple of days. This bullish thesis may be invalidated if the Luna Classic price drops below the $0.00009990 support in the next 48 hours. In this alternative scenario, the crypto could retest the positive trend line. A break below this level will likely expose the crypto to the risk of falling down to $0.00007930. In an extremely bearish scenario, LUNC may plummet to as low as $0.00005995 in the short term. Technicals Favor Buyers Technical indicators on LUNC’s daily chart suggest that the Luna Classic price may continue to rise in the next 48 hours. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are flagging bullish. The MACD line is breaking away above the MACD Signal line, which could indicate that LUNC’s positive trend is growing stronger. In addition to this, the RSI is rising away from its Simple Moving Average (SMA), which may be seen as a signal that buyers are growing stronger against sellers.
Long
by StevenWalgenbach
Binance Burns 2.1 Billion Terra Luna Classic (LUNC) TokensBinance, the world's largest cryptocurrency exchange, recently burned a staggering 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens. This move marks the 18th batch of the SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism, bringing the total number of tokens burned by Binance to over 50 billion. With the broader community effort, the SEED_DONKEYDAN_MARKET_CAP:LUNC burn is on the cusp of reaching a monumental 100 billion milestone. Binance's Role in the SEED_DONKEYDAN_MARKET_CAP:LUNC Burn: The recent burn, executed on January 1, saw 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens sent to the burn address terra1sk06e3dyexuq4shw77y3dsv480xv42mq73anxu. This action further solidifies Binance's commitment to reducing the circulating supply of SEED_DONKEYDAN_MARKET_CAP:LUNC tokens. The exchange's contribution now stands at an impressive 52.4% of the total tokens burned by the Terra Luna Classic community. Increasing Burn Rates and Trading Volume: January witnessed a substantial increase in the burn rate, with 5.57 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens incinerated by Binance. This surge in burning activity can be attributed to a significant uptick in SEED_DONKEYDAN_MARKET_CAP:LUNC trading volume on the exchange. Binance, along with other crypto platforms, introduced a USTC perpetual contract and new OTC:USTC and SEED_DONKEYDAN_MARKET_CAP:LUNC trading pairs, fostering a conducive environment for increased token trading. Community Collaboration and Milestones: The Terra Luna Classic burn campaign, a collaborative effort involving crypto exchanges, validators, projects, and community members, has propelled the total burn close to the 100 billion SEED_DONKEYDAN_MARKET_CAP:LUNC landmark. On average, the community burns an impressive 600 million SEED_DONKEYDAN_MARKET_CAP:LUNC per week, showcasing the collective dedication to reducing the token's circulating supply. Market Performance and Challenges: While the SEED_DONKEYDAN_MARKET_CAP:LUNC community remains bullish about the token hitting local highs, recent market trends have presented some challenges. SEED_DONKEYDAN_MARKET_CAP:LUNC prices experienced a 7% decline this week, currently trading at $0.00009444. Conclusion: The recent burn of 2.1 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens by Binance marks a crucial step towards the community's ambitious goal of reaching the 100 billion milestone. As the Terra Luna Classic ecosystem continues to evolve, collaborations between crypto exchanges, validators, and community members remain integral to the success of the burn campaign. Despite short-term market fluctuations, the collective efforts underline a resilient commitment to shaping the future of the Terra Luna Classic token. Investors and enthusiasts alike await further developments as the community inches closer to achieving this monumental milestone.
Short
by DEXWireNews
7
LUNC/USDT Poised for Exponential Bull Run? 👀🚀LUNC Analysis💎Paradisers, let's take a closer look at #LUNCUSDT, as the current formation suggests a possibility for a significant bullish recovery from its pivotal support zone. 💎Reviewing #TerraClassic's recent market trends, we've observed a substantial 70% decrease after it met resistance at a crucial supply level. However, a certain resilience is noticeable around the support level of $0.000091, indicating a potential upward trajectory. 💎Despite the recent challenges in establishing new highs or exceeding past peaks, resulting in a short-term bearish view, the $0.000091 mark is essential for #LUNC. This level may well be the key to triggering a substantial bullish movement upon retesting. 💎As strategic traders, we're always prepared with an alternative plan. If #LUNC drops below the $0.000091 support, we're ready to target a bullish comeback starting from the next support at $0.000059. However, be aware that a descent below this secondary level might point to more extensive downtrends. 💎Maintain flexibility in your strategies and stay vigilant with the market trends, Paradisers. Your ParadiseTeam is continually monitoring, prepared to steer you through these market changes.
Long
by MyCryptoParadise_Simon