{"id":161941,"date":"2023-09-24T19:37:53","date_gmt":"2023-09-24T14:07:53","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-lunc-rally-to-0-00007-mark-crypto-news\/"},"modified":"2023-09-24T19:37:56","modified_gmt":"2023-09-24T14:07:56","slug":"will-lunc-rally-to-0-00007-mark-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-lunc-rally-to-0-00007-mark-crypto-news\/","title":{"rendered":"Will $LUNC Rally to $0.00007 Mark? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-159979\">\n<p>\nThe formation of a channel pattern reflects the maturity of a downtrend and the potential of fresh recovery. buy now?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/09\/3A43HjaU-e1695563883838.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"lunc price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 4 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/&#038;text=Terra Classic Price Prediction: What\u2019s Ahead For $LUNC After Reclaiming $0.00006 Mark?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">For over a month, the LUNC price correction trend has exhibited a consistent decline in the daily chart. This trajectory is framed by two parallel trend lines, which have acted as dynamic support and resistance. This movement has manifested as a falling <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/parallel-channel-pattern\/\">channel pattern<\/a>. Historically, such patterns, especially when nearing a significant low, can signify the potential end of a downtrend, often leading to a notable bullish reversal.\u00a0<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terra-luna-classic-lunc-skyrockets-10-suddenly\/\">Terra Luna Classic (LUNC) Skyrockets 10% Suddenly, Here\u2019s Why<\/a><\/p>\n<h2><b>Channel Breakout Sets a 12% Rally<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The coin buyers face an intense supply zone at the overhead trendline<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A bullish breakout from the channel pattern may push the coin price back to the $0.00007 mark.<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume in the LUNC coin is $20.5 Million, indicating a 8.6% 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 Prediction\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/3\/3A43HjaU.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/3\/3A43HjaU.png\" alt=\"Terra Classic Price Prediction\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">On September 22nd, the Terra classic coin price <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/terra-classic-price-prediction-as-new-recovery-aims-20-rise\/\">broke through the upper boundary of the channel<\/a>. However, this optimism was short-lived as the coin retreated below the breached line immediately, showcasing the intense selling pressure.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">Today, buoyed by a 2.5% intraday gain, the bulls are once again making an attempt to overthrow the prevailing downtrend.\u00a0 Notably, the previous breakout attempt was accompanied by an increase in trading volume, indicating the buyers will need greater strength to overcome this barrier.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">Hence, traders should keep a vigilant eye on the daily candle closely to ascertain if a genuine breakout has occurred. If the breakout is confirmed, the former resistance could pivot into crucial support, potentially propelling the coin on a 14% upward journey to reach $0.00007.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, the aforementioned $0.00007 currently aligns with the upper trendline of a larger channel pattern exerting a higher supply pressure on this altcoin. Thus, a breakout above this pattern is needed to get better confirmation of trend change.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Can LUNC Price Plunge Back to $0.00005?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">sellers continue to apply downward pressure, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/\">LUNC price<\/a> might face another rebuff at the upper trendline. Should this occur, it could fuel a fresh bearish turn within the channel\u2019s confines. A daily close below the recent low of $0.000058 could see the coin descend roughly 10%, targeting the channel\u2019s lower boundary at $0.000052.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger Band: <\/b><span style=\"font-weight: 400\">The flattish upper band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band<\/a> indicator can offer additional resistance<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400\">The constant growth in the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">RSI<\/a> slope reflects the increasing buying pressure at the bottom trendline.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/&#038;text=Terra Classic Price Prediction: What\u2019s Ahead For $LUNC After Reclaiming $0.00006 Mark?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/terra-classic-price-prediction-whats-ahead-for-lunc-after-reclaiming-0-00006-mark\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA159979\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD159979\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The formation of a channel pattern reflects the maturity of a downtrend and the potential of fresh recovery. buy now? Published 4 seconds ago For over a month, the LUNC price correction trend has exhibited a consistent decline in the daily chart. This trajectory is framed by two parallel trend lines, which have acted as [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":161942,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-161941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161941","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=161941"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161941\/revisions"}],"predecessor-version":[{"id":161943,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/161941\/revisions\/161943"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/161942"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=161941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=161941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=161941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}