{"id":106491,"date":"2023-06-09T17:41:57","date_gmt":"2023-06-09T17:41:57","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-lunc-price-ready-to-hit-0-00012-crypto-news\/"},"modified":"2023-06-09T17:41:59","modified_gmt":"2023-06-09T17:41:59","slug":"is-lunc-price-ready-to-hit-0-00012-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-lunc-price-ready-to-hit-0-00012-crypto-news\/","title":{"rendered":"Is $LUNC Price Ready To Hit $0.00012?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-151305\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/09225830\/ZHCM8wXY-e1686331725983.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"LUNC price\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/09225830\/ZHCM8wXY-e1686331725983.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/09225830\/ZHCM8wXY-e1686331725983-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/09225830\/ZHCM8wXY-e1686331725983-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/09225830\/ZHCM8wXY-e1686331725983-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Terra Classic Price Analysis: Over the five days, the LUNC price showed alternate green and red candles indicating no dominance from buyers or sellers to take trend control.  This uncertainty could have arisen as the US SEC filed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/us-sec-and-court-deliver-legal-papers-binance-ceo-cz\/\">legal action against the big crypto exchanges<\/a> Binance(BNB) and Coinbase(COIN).  Therefore, the Terra classic coin may see prolonged consolidation in the coming days as the overall trend is bearish under the influence of a wedge pattern.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terra-classic-v2-1-0-parity-upgrade-proposal-officially-passed-lunc-price-rally\/\">Terra Classic&#8217;s Biggest v2.1.0 Parity Upgrade Proposal Officially Passed, LUNC Up to $1<\/a><\/p>\n<h2><strong>LUNC Price Daily Chart<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Despite the market sentiment remaining volatile, the LUNC price has respected the converging trendline of the wedge pattern.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bearish reversal from the resistance trendline has set the coin price on a potential 26% drop.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the LUNC coin is $82 Million, indicating a 27% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Terra Classic Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/ZHCM8wXY.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/z\/ZHCM8wXY.png\" alt=\"Terra Classic Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- <\/span><span style=\"font-weight: 400;\">tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On June 5th, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/\">LUNC price<\/a> turned down from the resistance trendline of the wedge pattern.  This reversal triggers a bear cycle within the pattern and sets a significant downfall to the lower trendline.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">By press time, the coin price trades at the $0.000098 mark and continues to walk sideways, indicating no clear initiation from market participants.  However, if the bearish momentum persists, a breakdown below the 20-day EMA could plunge the prices by 25-30% to hit the lower trendline located near $0.000065.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Conversely, if the LUNC price rises higher, the buyers may rechallenge the overhead trendline.  A breakout above the trendline will be a key signal to kickstart a new recovery rally.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2><b>Will LUNC Price Rise to $0.00012?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">under the influence of a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart\/\">falling wedge pattern<\/a>, the LUNC price stays in a negative trend.  The aforementioned reversal has set the coin price for a potential downfall, which may pull the price to the next significant support situated at $0.000082, $0.00007, followed by a lower trendline.  Alternatively, the coin price only attains a recovery above the $0.00012 if the buyer breaks the above trendline.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The reclaimed 20-and-50-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> Offers strong support to the coin buyers to rechallenge the overhead trendline.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">Conversely to sideways action, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> rising indicates the increase in underlying buying pressure.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA151305\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD151305\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago Terra Classic Price Analysis: Over the five days, the LUNC price showed alternate green and red candles indicating no dominance from buyers or sellers to take trend control. This uncertainty could have arisen as the US SEC filed legal action against the big crypto exchanges Binance(BNB) and Coinbase(COIN). Therefore, the Terra [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":106492,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-106491","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106491","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=106491"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106491\/revisions"}],"predecessor-version":[{"id":106493,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/106491\/revisions\/106493"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/106492"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=106491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=106491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=106491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}