LUNC ANANLYSIS (2D)LUNC, after a strong pump in the form of an X wave, appears to have entered a diametric pattern and is now at the end of Wave E.
In the green zone, we are looking for buy positions in spot, while in the red zone, we are looking for sell/short positions in futures.
To invalidate the buy and sell outlooks, we have marked two invalidation levels on the chart. If a daily candle body closes above or below these levels, the respective outlook will be invalidated.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
LUNCUSDT trade ideas
Terra Luna Classic ($LUNC) Hits Major Burn MilestoneThe Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) ecosystem has reached a significant milestone, burning over 405 billion LUNC since May 2022. This deflationary move, alongside the burning of 3.5 billion USTC, has fueled optimism for a potential price breakout. As fundamental and technical indicators align, market sentiment suggests an imminent shift in trajectory.
The Impact of LUNC and USTC Burns
The Terra Luna Classic community has remained committed to revitalizing the ecosystem following its 2022 collapse. The burning of tokens serves as a crucial deflationary strategy aimed at reducing supply and, in turn, boosting demand. According to the latest burn tracker update, the total LUNC burned has reached 405,867,335,786, with USTC burns surpassing 3.5 billion tokens.
One of the key contributors to this burn mechanism is Binance, which has reaffirmed its commitment to reducing LUNC’s circulating supply. The exchange recently incinerated 760 million LUNC from trading commission income for February, highlighting the sustained community and partner contributions toward the token’s long-term sustainability.
Despite the aggressive burn, LUNC has struggled to break past major resistance levels. However, the positive market sentiment stemming from these fundamental shifts could be the catalyst needed for a substantial price movement.
Technical Outlook
LUNC’s price is currently trading at $0.00006094, marking a 5% increase in the past 24 hours. However, the broader market turbulence has caused LUNC to decline 5.74% over the past week and 46% Year-to-Date (YTD).
Key Technical Indicators:
The RSI is pegged at 41, a neutral zone that signals room for a potential bullish surge while still susceptible to downside risks. SEED_DONKEYDAN_MARKET_CAP:LUNC is currently testing the 38.2% Fibonacci retracement level. A breakout above this key resistance could signal the start of a bullish reversal.
If selling pressure persists, a dip below the 1-month low could be inevitable, potentially dragging LUNC back into bearish territory.
LUNC Ecosystem Updates: What’s Next?
Earlier this year, the Terra Luna Classic development team outlined five major updates aimed at strengthening the ecosystem. These include removing fork modules, enhancing token burns, and refining governance mechanisms. While most of these plans have been successfully implemented, the long-term success of LUNC still hinges on broader market sentiment and further adoption.
Conclusion
The latest burn figures have reignited optimism within the Terra Luna Classic community, setting the stage for a potential bullish turnaround. With key technical indicators aligning with fundamental improvements, LUNC traders are eyeing a breakout above critical resistance levels.
XRPUSDT (OKX) Analysis - Summary OKX:XRPUSDT.P
XRPUSDT is at a critical juncture. The long-term trend (TF Day) shows early signs of an uptrend, but the medium-term (TF4H) is becoming uncertain, and the short-term (TF15) is in a downtrend.
* **TF Day:** Early Uptrend, Money Flow indicates buying pressure.
* **TF4H:** Becoming uncertain, pullback, Money Flow indicates uncertainty.
* **TF15:** Downtrend, Money Flow indicates selling pressure.
**Strategies:**
1. **Wait & See (Best Option):** Due to conflicting timeframes.
2. **Buy on Dip (Day, 4H) - *Very High Risk*:** Must wait for reversal signals on TF15 first.
3. **Short (15m) - *Very High Risk*:** If price fails to break above EMA/resistance on TF15.
**Recommendations:** Exercise extreme caution, wait for clear signals, and prioritize risk management.
LUNCUSDT (OKX) Analysis - Summary OKX:LUNCUSDT.P
LUNCUSDT is facing selling pressure and the trend is becoming uncertain. Although there were previously positive signs on the TF Day, now all three timeframes (Day, 4H, and 15m) are showing selling pressure.
* **TF Day:** Becoming uncertain, Money Flow starting to show selling pressure.
* **TF4H:** Downtrend, Money Flow indicates selling pressure.
* **TF15:** Downtrend, Money Flow indicates selling pressure.
**Strategies:**
1. **Wait & See (Best Option):**
2. **Short (High Risk):** If price fails to break above EMA/resistance on any TF.
3. **Not Recommended to Buy:** Until there are clear reversal signals.
**Recommendations:** Exercise extreme caution, LUNC is very high risk, wait for clear signals, and prioritize risk management.
$LUNC Long Setup see on Chart, LUNC Price on the Rise as Terra..LUNC Price on the Rise as Terra Classic Moves Closer to 403B Target
The Terra Luna Classic (LUNC) market rose continuously during five trading days and surpassed its essential resistance barrier. On February 12, LUNC reached its peak value at $0.0000784 while showing a 59% rise relative to its yearly market lows.
LUNC Burn Activity Triggers Price Surge
The upward price trend of LUNC joins altcoins in general, which have recovered from their local winter lows reached on Monday. LUNC’s latest price increase stems directly from the continuous token-burning efforts on the Terra Classic network.
LUNC Metrics demonstrates that the network has destroyed more than 628 million tokens throughout the previous week. The latest round of burning operations has expanded the total destroyed LUNC supply up to 402.78 billion since the initiative commenced.
The current pace indicates that the total burned supply will cross the 403 billion threshold during the latter part of this month. Between on-chain network transactions and Terraform Labs donation amount, 67.86 billion of the total burned tokens have been eliminated thus far, but 334.92 billion tokens were directed toward the burn wallet.
Binance stands out as the primary supporter of LUNC burning through its destruction of more than 70.8 billion tokens, as noted in our earlier post. The burn process received substantial support from the DFLUNC Protocol, which managed to destroy 4.52 billion tokens, along with LunaticsToken, which burned 1.97 billion tokens.
The Terra Classic community believes that ongoing burn operations alongside staking might possibly resolve the issues that affect TerraClassicUSD (USTC).
USTC, the stablecoin that lost its peg during the Terra ecosystem collapse, also recorded a notable surge. USTC price rose above 13.22% today to reach the value of $0.01875. However, the current value of USTC remains 5,233% below its target dollar value of $1, therefore necessitating further increase in price.
LUNC Price Analysis Today
On Wednesday, LUNC price continued surging, trading at $0.00007805, up by 5.12% at press time. A formation of hammer candlestick pattern emerged at this price level with its long lower wick and tiny body structure, which often indicates a bullish reversal move, as mentioned in our previous story.
The LUNC price exceeded the upper boundary forming the pattern of declining wedge. The falling wedge is created by descending trend lines that move toward one another and generally signal bullish price movements. Terra Classic overcame its previous support area at $0.00007140 in early September.
Terra Classic stands to potentially reach its next major resistance point at $0.0001025 after breaking through this barrier because this level corresponds with the 38.2% Fibonacci retracement measure. The future price potential stands at 40% above its current value according to this target measurement. Hence, the current bullish outlook would become invalid if market bearishness drives prices beneath the $0.00005525 support
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
LUNC outlookLunc price has come back down to support.
Option to long from support (after confirming on LTF that we have some kind of reaction).
There is one more support level below so possibility of price coming back here if we see a retrace in the market. Again, if price does come back to the lower support area, this would definitely be a good area to long with appropriate risk management.
$LUNCUSDT - goal is move higherPropose 2 scenarios for BYBIT:LUNCUSDT - first moving up during the 6 months, second is the nearest correction and long after with the good potential in a year.
Does not constitute a recommendation.
#furoreggs #investing #currency #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view
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.
LUNC 3-Day Chart
▶️In my longer term view for LUNC, we are currently in black wave 2 correction inside the larger gray wave 3.
▶️If this scenario plays out, we would be looking at a 2-3x gain in the next few months.
▶️It is not yet clear if black wave 2 is finished or we are still in a longer correction (A).
▶️ The blue descending trendline is the key for price to pump.
LUNC looks ready to test my targets !boost and follow for more ❤️🔥
I really like what Im seeing on LUNC, the bounce from major support.. trend breakout and then retest (bullish), now approaching a major pivot level.
If we can break .00012 then a rally higher to .00018-.00025 should come within days or a week..
this is my first post in a while, will try to get back into sharing my thoughts here on tradingview! see you all soon with more 🙏🚀
$LUNC Price above $0.00015000 and it will Touch $0.00016000 BINANCE:LUNCUSDT Price above $0.00015000 and it will Touch $0.00016000 price level. Its price now Big FVG area and touch the Dynamic Price level area. See on chart more Details
Disclaimer: Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
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
Terra Classic New All-Time High: Short-Term & Long-Term Targets When doing these charts, for the purpose of extracting trade-numbers, I plot two set of Fibonacci numbers, in this way I can have short-term and long-term targets.
In this case, LUNCUSDT (Terra Classic), isn't showing much need for the short-term targets, the numbers on the right side. But some pairs have a first target that is high up so the short-term targets are needed. Let me explain.
The ATH potential for us is the 2.618 Fib. extension of the last market cycle. This would be around 0.001468 for LUNCUSDT (~980% profits potential). The first target on this set of numbers would sit around 0.000257. When we look at the short-term set of numbers, we have 0.000154, 0.000178 and 0.000212 before reaching 0.000257. So we have several targets that can work for the short-term.
👉 Terra classic is strongly bullish now, it has been growing since August 2024. It moved above resistance recently and is likely to produce soon a major jump.
The targets are marked blue on the chart, including a new ATH.
I hope you find this information useful.
Thank you for reading.
Namaste.
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.
Luncusdt buy opportunityLUNCUSDT is demonstrating the potential formation of an Adam & Eve pattern, a classic bullish reversal setup. The neckline area, acting as a key resistance zone, is expected to impose significant selling pressure.
A decisive breakout above this level would signal the initiation of a strong bullish rally, with projected targets precisely marked on the chart. The identified buy-back zone presents an excellent entry point for accumulation during potential pullbacks.
Share your insights and perspectives on this coin's outlook.
LUNC/USDT Chart Analysis and Long-Term ForecastLUNC/USDT Chart Analysis and Long-Term Forecast
Background of LUNC (Terra Luna Classic)
Historical Performance:
In its peak during 2021-2022, LUNC (formerly Terra Luna) reached prices close to $100. It was among the most respected crypto projects in terms of innovation, being a key player in decentralized finance (DeFi). However, the collapse of the Terra ecosystem led to a dramatic decline in price and a loss of trust.
Current Status:
Despite the crash, LUNC has remained consistently ranked within the top 150 cryptocurrencies by market cap, signaling continued interest and investment from the community and speculative traders.
Potential in a Crypto Bull Run
In the event of a Bull Run, where major cryptocurrencies like Bitcoin and Ethereum set new all-time highs, altcoins like LUNC tend to follow with significant gains due to:
Increased speculative interest.
Community-driven narratives aiming to "revive" projects with strong past performance.
Liquidity flowing into lower-cap assets as investors search for higher returns.
Technical Analysis and Targets
1. Current Market Structure
LUNC appears to be forming a potential rounded bottom pattern, which often signals accumulation and the possibility of a trend reversal.
Key zones:
Current price: $0.000095 - $0.00010 (strong accumulation zone).
Historical resistance: $0.00065, marked by the previous consolidation range.
2. Long-Term Growth Potential
Using a Bull Run scenario as the premise, LUNC has the potential to reach significant price targets. These are speculative but based on psychological resistance levels and historical retracement patterns.
Price Targets
Short-Term Target:
$0.00065: A 500% gain from the current level, representing the nearest strong resistance. This could occur with moderate bullish momentum or a successful catalyst like project updates.
Mid-Term Targets:
$0.01 - $0.10:
A rally to $0.01 would represent a 10x move, which is plausible if Bitcoin crosses $100k and altcoins outperform.
$0.10 could act as a significant psychological resistance level. For this, LUNC would need massive buying pressure and renewed investor confidence.
Long-Term Targets (Bullish Scenario):
$0.25 - $1:
These levels require a sustained Bull Run and potentially renewed utility for LUNC, such as integrations in DeFi or NFT markets.
$1 would represent a milestone where significant wealth could be generated for holders, but this is highly speculative.
$10:
This is an extremely optimistic scenario requiring a monumental recovery of the Terra ecosystem or a massive speculative bubble. While possible in crypto markets, this is not a realistic short-term target.
Long Position Ideas
Short-Term Long (Speculative Trade):
Entry: Between $0.00009 - $0.00010.
Targets:
First: $0.00065.
Second: $0.001.
Stop-Loss: $0.00007 (below support zone).
Mid-Term Long:
Entry: On a confirmed breakout above $0.00065.
Targets:
First: $0.01.
Second: $0.10.
Stop-Loss: $0.0005.
Long-Term Long (HODL Strategy):
Entry: Accumulation at current levels ($0.00010).
Targets:
$0.25.
$0.50.
$0.75.
$1 - $10 (speculative upper bound).
Stop-Loss: Use a percentage-based stop based on risk appetite (e.g., 20-30% below entry).
Key Factors for Success
Market Conditions:
LUNC’s potential relies heavily on broader market momentum. A crypto Bull Run is essential for achieving the upper targets.
Community Efforts:
LUNC’s dedicated community continues to push for burns and utility creation to restore its reputation.
Reintegration of Utility:
If LUNC can regain utility in DeFi or implement unique use cases (e.g., staking, governance, or metaverse integrations), it could attract new investors.
Risks to Consider
Speculative Nature: LUNC's rise depends more on market hype than fundamentals at this stage.
Regulatory Uncertainty: Increased scrutiny on cryptocurrencies could impact projects like LUNC.
Volatility: Sudden price fluctuations can lead to significant losses without proper risk management.
Conclusion
LUNC offers speculative upside potential, particularly in a Bull Run scenario, with achievable targets at $0.01, $0.10, and $0.50. Extreme targets like $1 and $10 require substantial market catalysts and project recovery but remain a long-term possibility in highly bullish market cycles. Proper risk management and a clear exit strategy are crucial for capitalizing on this opportunity.