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LUNCUSDT trade ideas

Brief Analysis——LUNCTerra-FOMO has swept the crypto-market. Last week, Mint Cash, developed by a former Terraform Labs developer, released that may issue airdrop based on the hold or burn of specific tokens held in the original Terra ecosystem. Make Terra-related tokens, such as USTC, LUNC, etc. pump. Although Terraform Labs later stated that it would not participate in Mint Cash in any capacity. But FOMO has been ignited. After USTC rose last week, LUNC began to make up for its gains over the weekend. From the long-term candle charts on other exchanges, we can see that the current rise is insignificant compared to the decline caused by the death spiral. To better display indicators and candles, we used data from Binance. Although FOMO started in late November, it is interesting to note that on November 10, LUNC had a pump, accompanied by considerable trading volume. We mentioned this in LUNC, USTC Analysis & Market Overview. On-chain data shows that some whales have begun to buy LUNC or USTC before the price rises. If you are a LUNC trader, it is necessary to pay attention to the actions of these whales. Let's look at the indicators to see what happened to LUNC at the 4h level. As proof, we can see that the MBF indicator showed obvious bottom-buying sentiment near November 10. This is what we mentioned above. Whales had already started to buy LUNC before the Mint Cash event. From the WTA indicator, the first period of rise (the first green interval) is classic. The bullish trend does not end here. But in the second green interval, the blue bars representing whales disappear on the way up. The alarm sounds. However, LUNC did not fall after this time. Instead, it was supported by the green column and gray column. After the green arrow appeared, whales flowed into LUNC again, and there was a new round of pump. As long as a destructive candle does not appear, it will be difficult for the bullish trend of LUNC to end. The new round of rise is healthy so far. If you want to be more sensitive to whale behavior, you can check out our LUNC, USTC Analysis & Market Overview.
Long
by Sypool
LUNC bottom is inLUNC has continue to declined since september 2022. In my opinion, the bottom is formed for LUNC. Here are my points: The long-term resistance trendline had been broken A double bottom pattern was formed and broken LUNC is consolidating right above the neckline of the double bottom. What is missing here is a good buy volume so that volume indicators CMF and MFI breaks also there resistance. This will trigger a rally. A reference setup is as in chart. Disclaimer: This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
by evasivesteering
3
Binance Eliminates 4B LUNC Following Stellar 300% Terra RunTop crypto exchange Binance magnifies monthly Terra Classic burns by 5x. LUNC, USTC has hit triple-digit gains in the last 30 days to return to the TOP 100. Terra Classic community cheers Binance’s move, also asking to burn USTC. The 16th batch of Terra Classic’s trading fee burn on the world’s largest crypto exchange destroyed nearly four billion $LUNC tokens. The cryptocurrency burning upswing has planted optimism among Terra Classic community members, as the latest burning ceremony by Binance signifies a five-times increase since last month’s burn. Cumulatively, Binance had already contributed towards burning 43 billion Terra Luna Classic (LUNC) tokens, encompassing 52% of total burns. The latest burning transaction on December 1, 2023, sent 3,903,522,969 LUNC tokens to the bottomless pit. Ultimately, this leaves 6,824,412,252,043 $LUNC coins left in circulation. Enormous Gains for LUNC, USTC Amid Terra Chain Revival Compared to November’s burn, the huge difference between nearly four billion LUNC this month and the previous 778M LUNC trading fees burn comes from the increased trading activity on Binance Spot pairs. On top of that, Binance just added additional trading pairs for Terra’s OTC:USTC , causing even more excitement for Terra Classic holders Last week, as the Terra Classic community passed a crucial proposal to tackle the sequence mismatch issue when distributing validator commission, the embattled native coin of the Terra Classic chain surprisingly sparked by 300% upon approval. At the time of publication, the game-tested LUNC trades at $0.000147181 with 2% daily gains, according to CoinGecko. Meanwhile, Terra Classic USD (USTC) shocked the crypto community with an instantaneous run to four cents on November 27, 2023, later topping $0.072, the highest price of OTC:USTC since the horrendous Terra system crash in May 2022. At press time, OTC:USTC trades at $0.051, according to CoinGecko. Ultimately, November’s triple-digit run for LUNC and Terra Classic USD marks the most successful month for these altcoins since the de-pegging in 2022.
Long
by DEXWireNews
1
LUNC : Riding the UST (HYPE) Wave! 🌊📈In the current crypto landscape, all eyes are on Terra Classic (LUNC), riding the waves of positive attention. Amidst the buzz, it's essential to navigate carefully, especially with its close ties to the crypto dollar, UST, striving to reclaim its 1-to-1 peg with the US dollar. Let's explore the dynamics of LUNC against the backdrop of these developments. Chart Analysis: Riding the UST Momentum LUNC is experiencing a remarkable surge, closely tied to the positive sentiments surrounding UST. This surge is not merely a reflection of technical indicators but is intricately woven into the narrative of the crypto dollar's revival. Key Observations: UST's Resurgence Impact: The surge in LUNC is notably synchronized with the efforts of UST to reestablish its 1-to-1 peg with the US dollar. Positive developments around UST create a favorable environment for LUNC. News-Driven Momentum: LUNC's recent price movements are significantly influenced by positive news and developments within the Terra ecosystem. News-driven momentum can create rapid and volatile market reactions. Critical Levels: Caution in News-Driven Markets Dependency on News Flows: LUNC's sensitivity to news events makes it crucial for traders to stay vigilant. Prices may experience sharp swings based on the unfolding narrative. Potential Scenarios: Navigating LUNC's Event-Driven Landscape Strategic Positioning: Traders should strategically position themselves, considering the potential impact of ongoing developments. Entry and exit points may be influenced by major news releases related to Terra and UST. Volatility Management: Due to the news-centric nature of LUNC's recent surge, managing volatility is paramount. Risk mitigation strategies become essential in navigating a market driven by external factors. Trading Strategy: Adapting to Dynamic News Flows For traders considering LUNC: News Calendar Awareness: Stay updated with the Terra ecosystem's news calendar to anticipate potential market-moving events. Technical Analysis Integration: Combine technical analysis with an understanding of news sentiment for a comprehensive trading strategy. Risk-Averse Approaches: Adopt risk-averse strategies, given the potential for rapid market shifts. Conclusion: Navigating the LUNC and UST Symbiosis LUNC's surge is emblematic of its symbiotic relationship with UST and the broader Terra ecosystem. While this presents trading opportunities, the close ties to news events demand a cautious approach. As the crypto community watches LUNC's ascent, traders are reminded to balance optimism with strategic risk management. 🚀 LUNC Analysis | 🌐 UST Peg Dynamics | 📰 News-Driven Market ❗See related ideas below❗ Share your insights on LUNC and UST, contributing to the collective intelligence of the crypto community. As LUNC continues its journey in the limelight, community-driven analyses enrich the understanding of its market dynamics. 💚🚀💚
by Yaroslav_Krasko
Binance Burns 4 Billion Terra Luna Classic (LUNC) TokensBinance burns almost 4 billion Terra Luna Classic (LUNC) tokens, with total LUNC burn by the community reaching 83 billion. The world’s largest crypto exchange Binance burns almost 4 billion Terra Luna Classic (LUNC) tokens in the 16th batch of the LUNC burn. With the latest LUNC burn, the total LUNC burn by the crypto exchange to date reaches more than 43 billion, 52% of the total tokens burned by the Terra Luna Classic community. Traders didn’t immediately respond to the Binance burn. Binance’s Net Terra Luna Classic (LUNC) Burn Reaches 43 Billion Crypto exchange Binance sent 3.90 billion Terra Luna Classic (LUNC) tokens to the burn address, as per the transaction on December 1. Binance continues contributing to the community’s LUNC burn campaign to reduce the LUNC circulating supply after the exit of Changpeng “CZ” Zhao as Binance CEO. Notably, the 16th batch of the LUNC burn mechanism is for the period October 31 to November 29. With the latest burn, Binance has burned over 43 billion Terra Classic tokens from trading fees on LUNC spot and margin trading pairs. The community has burned nearly 83 billion LUNC tokens. In November, Binance burned 760 million Terra Luna Classic (LUNC) tokens, the lowest till now. The burn rate significantly declined amid FUD, reduced developer activity, and a fall in LUNC trading volumes on the exchange. However, the massive jump in trading volumes this week resulted in this huge LUNC burn the community hasn’t seen in the last few months. Binance launched a USTC perpetual contract and new USTC trading pairs FDUSD and TRY, which contribute massively to the exchange’s trading volume. Terra Luna Classic ecosystem tokens fell in the last 24 hours, with LUNC and USTC giving up some recent gains due to profit booking in the broader crypto market. However, LUNC price jumped 65% this week, with the price currently trading at $0.000142. The 24-hour low and high are $0.000114 and $0.000121, respectively. However, the trading volume has decreased in the last 24 hours. Meanwhile, USTC price rallied 350% this week, with the price currently trading at $0.051. The 24-hour low and high are $0.050 and $0.055, respectively.
Long
by DEXWireNews
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.
Long
by MyCryptoParadise
4
LUNC Price Could Continue Its Ascent Towards $0.0002LUNC recently managed to surpass the resistance level at $0.00011695 over the past few days and maintained its position above this threshold at the time of writing. If the altcoin can successfully conclude a daily trading session above this significant price level, it might establish a solid foundation for a potential advance towards the subsequent barrier. Under this optimistic scenario, LUNC could potentially embark on a path toward $0.00014915. This particular price point serves as the final major obstacle preventing LUNC from reaching the resistance level at $0.0002. Consequently, a daily closure above $0.00014915 may pave the way for a notable surge in the cryptocurrency's value, potentially reaching $0.0002 within the next two weeks. It's important to note that this bullish outlook could be invalidated if LUNC experiences a daily candle closure below $0.00011695 within the next 72 hours. Investors and traders should be aware that the probability of a temporary price retracement for LUNC has increased following its impressive 28.57% surge on Sunday and an 18.42% spike on Tuesday. Given these substantial price movements, it's possible that traders may soon decide to capitalize on their LUNC holdings by taking profits. In the event of a correction in the cryptocurrency's price, it's likely to test the critical support level at $0.00009905. However, despite the looming potential for a price decline, technical indicators on LUNC's daily chart continue to signal that its bullish momentum remains intact. Both the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI) indicators are displaying bullish signals. The MACD line is diverging upward from the MACD Signal line, indicating the possibility of ongoing positive momentum for LUNC. Simultaneously, the RSI line maintains a bullish position above the RSI Simple Moving Average (SMA) line, suggesting that buyers still hold a dominant position in the market.
Long
by StevenWalgenbach
2
lunc Strong Bearish after 87% Bullish movementLunc/usdt Strong Bearish divergence after 87% Bullish movement A bearish technical analysis suggests a potential downward trend in the price of a security or market. Several indicators and patterns can indicate a bearish market sentiment. Firstly, the price chart may exhibit lower highs and lower lows, forming a descending pattern. This pattern indicates that sellers are taking control, pushing the price lower over time. Additionally, the chart may show a series of lower highs, suggesting a weakening of buying pressure. Another bearish indicator is the moving average crossover. When a shorter-term moving average, such as the 50-day moving average, crosses below a longer-term moving average, like the 200-day moving average, it signifies a potential shift in the market sentiment to bearish. This crossover indicates that the recent price trends are weaker than the long-term trends. Furthermore, momentum indicators, such as the Relative Strength Index (RSI), can provide insights into overbought conditions. If the RSI reaches above 70, it suggests that the security is overbought and may be due for a downward correction. Volume analysis is also crucial in bearish technical analysis. Increasing trading volume during price declines indicates heightened selling pressure, further supporting the bearish outlook. Overall, a bearish technical analysis combines various indicators and patterns to suggest a potential downward trend. Traders and investors use these signals to make informed decisions about selling or shorting positions, taking advantage of the anticipated price decline. However, it's important to consider other fundamental and market factors to confirm the bearish outlook before making any trading decisions. everything on chart not financial advice
Short
by parsanaa
5
Why Is Luna Classic (LUNC) Price Skyrocketing Today?Luna Classic (LUNC) price has skyrocketed by 60% in response to strategic investment and USTC perpetual contract launch by Binance. The sudden upsurge witnessed in Terra Classic tokens in the last 48 hours is not the first time for the Terra ecosystem. The community-led Terra Luna Classic chain witnessed multiple revival efforts from introducing burning to inter-blockchain communication (IBC). LUNC price has skyrocketed by 60% in response to strategic investment and perpetual contract launch by Binance. Terra Luna Classic (LUNC) Gains 60% With multiple key proposals passed by the community and positive sentiment amid broader crypto market recovery, Luna Classic Labs purchased 25.6 million USTC worth about $500,000 as part of its treasury reserve policy at an average purchase price of $0.021 per USTC. Trader QT, a partner of Luna Classic Labs, stated this is an initial investment. It resulted in a 100% jump in USTC price, with the community noting a breakout above resistance. USTC witnessed a further pump as investors also poured money into USTC. It triggered an upside move in the Terra Classic (LUNC), with traders noting a massive increase in liquidity and trading volumes. Binance Futures launching the USD-M USTC Perpetual Contract with up to 50x leverage sparked further rally. USTC price climbed nearly 400% in two days. The announcement further raised community sentiment, while also speculating whether it was already known to some investors as the Terra ecosystem tokens witnessed sudden rallies. LUNC price also jumped and made a 60% gain amid the events. The price is currently trading at $0.000119. The 24-hour low and high are $0.0000787 and $0.0001256, respectively. Furthermore, the trading volume has increased by 1120% in the last 24 hours, indicating interest among traders. USTC price trades at $0.055, paring earlier gains to 191% in the past 24 hours. The 24-hour low and high are $0.015 and $0.068, respectively. The trading volume has also slid briefly after Binance’s USTC perpetual trading announcement.
Long
by DEXWireNews
Terra Luna Classic Proposal For v2.3.0 Upgrade Officially PassedTerra Luna Classic proposal for the v2.3.0 upgrade has been approved by the community through governance voting. The on-chain deployment of terrad client v2.3.0, also referred to as “v6” incorporates dynamic validator commission module. Traders reacted immediately to the passing of the proposal with LUNC price rebounding again. Terra Luna Classic Community Passes v2.3.0 Upgrade Proposal The Terra Luna Classic community has approved Proposal 11874 “Upgrade to v2.3.0”. The proposal aimed to introduce dyncomm module, integrating protocol logic for determining minimum validator commissions based on voting power. The scheduled upgrade height is 15493370, anticipated to happen on November 20 at 11.19 AM UTC, according to data by StakeBin. The proposal has received 93% “Yes” votes and 7% “Abstain” votes. It indicates the community has unanimously favored the proposal for dynamic validator commission. Among the 60 validators who participated in the voting, 58 validators have favored the proposal. This includes top Terra Luna Classic validators including All nodes, Interstellar Lounge, Happy Catty Crypto, Terra CVita, and Inter stake One. LUNC Price Surges LUNC price jumped 1% after hitting a 24-hour low of $0.000074, with the price currently trading at $0.0000758. Furthermore, the trading volume has decreased by 20% in the last 24 hours, indicating a decline in the interest of traders. LUNC price rebounded amid the market-wide recovery, up nearly 40% in a month. Meanwhile, USTC price trades at $0.013, up 20% in a month.
Long
by DEXWireNews