2024-09-23 21:00:00

Why Terra Classic [LUNC] may be poised for a 10% dump in the next few days

Logo AMBCrypto
AMBCrypto
By Akashnath S

Disclaimer:The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Bitcoin [BTC] faced stiff resistance near the $19.6k mark and registered some losses over the previous trading day. Terra Classic [LUNC] also faced significant losses in the past few days.

At the time of writing, a former level of support was flipped to resistance. It seemed likely that LUNC would see another leg down on the price charts in the next day or two.

LUNC- 1-Hour Chart

AD
AD

The short-term price chart showed a strong bearish trend in progress. The price shed 22% in the span of five days. The $0.000267 level acted as strong resistance for nearly ten days now.

But repeated retests of the same support level saw the buyers steadily lose strength. Eventually, sellers got overwhelmed with the buying pressure and forced a sharp move south as far as $0.000219.

Although this move did not see the hourly session close at those lows, the high trading volume on that session meant buyers were once more on the back foot.

Continue read on ambcrypto.com

AD
Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-17 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra Classic [LUNC]...

Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-09 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Terra Classic and its...

Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-15 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Within the span of two...

Logo AMBCrypto
CryptocurrenciesBy Yash Majithia2024-09-10 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. The twin collapses of...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-12 09:49:13
While the crypto space is hopeful for a short-term bounce, the ongoing correction may indicate the resurgence of the bears. Terra (LUNA) price was closer to...

Logo CoinJournal
CryptocurrenciesBy Hassan Maishera2024-09-08 08:39:00
LUNC, the native coin of the Terra Classic ecosystem, is up by 50% in the last 24 hours, outperforming the other major cryptocurrencies. LUNC is the best...

Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-12 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Bitcoin [BTC] was able...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Sara K2024-09-14 17:38:00
Till yesterday, the crypto market was displaying all signs of recovering well after a few disastrous months. However, the release of the Consumer Price Index...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-06 12:19:00
Article Highlights Terra Classic's price continues to surge high, gaining massive support from the community who are seeking to rise to a price close to $1...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-02 10:25:00
After the Terra original LUNA collapsed, Terra Classic (LUNC) was formed and since then the token has seen some rough days. Now, the LUNC is witnessing an...

Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-21 21:00:00
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion. Polygon...

Logo InvestorPlace
MarketsBy William White2024-09-08 14:41:31
Source: saran insawat / Shutterstock.com Terra Classic ( LUNC-USD ) price predictions are worth checking on today as the crypto is trending on social media....

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-18 13:29:32
Terra Classic (LUNC) seems to have been on a steady price recovery path during the past few days. The price of Terra Classic (LUNC) plummeted significantly...

Logo CoinJournal
CryptocurrenciesBy Charles Thuo2024-09-08 07:54:16
Terra Classic’s native token LUNC has seen a huge bullish rally in the past two weeks. Its price has risen by more than 425% in the past 14 days. Since the...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Nidhi Kolhapur2024-09-23 16:01:16
Binance would not apply the 1.2% tax burn for off-chain transactions of Terra Classic (LUNC) and USTC, as revealed by the CEO “CZ �? in an AMA on Friday. As a...

Logo Bitcoin.com
CryptocurrenciesBy Eliman Dambell2024-09-17 14:00:23
Terra classic rose by as much as 20% in today’s session, which comes following a recent bearish streak. Today’s rally follows Thursday’s drop to a key...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-05 13:33:18
TerraClassic price is currently invincible as the asset is gearing up to regain the lost levels at the earliest. As Coinpedia has reported earlier, the LUNC...

Logo Coinpedia - Fintech & Cryptocurreny News Media
CryptocurrenciesBy Qadir Ak2024-09-02 07:10:55
Terra Classic’s price after a remarkable rally in the past couple of days appears to have fallen into a bearish trap since the early trading hours. While the...

Logo AMBCrypto
CryptocurrenciesBy Akashnath S2024-09-22 21:00:00
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Chiliz [CHZ] has a...

Logo AMBCrypto
CryptocurrenciesBy Suzuki Shillsalot2024-09-07 21:00:00
Terra Classic [LUNC] had been on the death bed for a few months after the massive Terra crash. However, the altcoin recently showed massive signs of revival....