{"id":224367,"date":"2024-01-05T21:48:19","date_gmt":"2024-01-05T16:18:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-market-uncertainty-push-lunc-below-0-0001-crypto-news\/"},"modified":"2024-01-05T21:48:22","modified_gmt":"2024-01-05T16:18:22","slug":"will-market-uncertainty-push-lunc-below-0-0001-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-market-uncertainty-push-lunc-below-0-0001-crypto-news\/","title":{"rendered":"Will Market Uncertainty Push $LUNC Below $0.0001? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-172464\">\n<p>\nTerra Classic Price Prediction: The LUNC price needs a breakout beyond this chart pattern to trigger a directional rally.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"578\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/YIvoy0lt-e1704469819526.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 21 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Terra Classic Price Prediction: Over a month, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/\">Terra Classic price<\/a> has witnessed a steep correction, projecting a V-top reversal from $0.00028. The retracement has plunged the prices by 55% to trade at $0.000128 currently. With the current uncertainty in the market regarding the approval of spot Bitcoin ETFs, the sellers may prolong this downfall and tumble the LUNC value. Is it safe to hold?<\/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\/lunc-news-terra-luna-classic-proposal-to-burn-8-million-ustc-officially-rejected\/\">LUNC News: Terra Luna Classic Community Deters 8 Million USTC Burn Proposal<\/a><\/p>\n<h2><b>Will LUNC Price Lose $0.0001?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The falling channel pattern governs the current correction trend\/<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A rising trendline prevents the LUNC price from major correction.<\/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 $193.5 Million, indicating a 174% gain.<\/span><\/li>\n<\/ul>\n<figure style=\"width: 1946px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Terra Classic Price Prediction\" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/YIvoy0lt.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/y\/YIvoy0lt.png\" alt=\"Terra Classic Price Prediction\" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Terra Classic Price Prediction| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Amid the recent downturn in the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/crypto-market-selloff-btc-eth-sol-xrp-ada-price-free-fall\/\">cryptocurrency market<\/a>, Terra Classic (LUNC) has seen a significant correction, dropping to $0.0001. This decline retests the 78.6% Fibonacci retracement level, signaling a weakening bullish momentum as the gains from the rally in November-December 2023 have been largely eroded by selling pressure.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400;\">The technical analysis of LUNC reveals two critical factors influencing its price trajectory: an ascending trendline (colored blue) and a falling channel pattern. Over the last few months, LUNC has consistently found dynamic support along this trendline.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">A break below this level could exacerbate selling pressure, potentially leading to a further drop. The anticipated correction could bring the price down to a support level of $0.000069, and possibly even a lower bottom at $0.000055.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Conversely, the falling channel pattern currently guiding the correction suggests that a positive shift in broader market sentiment\u2014such as the potential approval of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/analyst-predicts10-btc-price-jump-post-spot-bitcoin-etf-approval\/\">spot Bitcoin ETFs<\/a> by the US SEC\u2014could substantially boost LUNC.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">A breakout above the overhead trendline would indicate the end of the correction phase, potentially igniting buyer interest and driving the price to higher levels, with targets at $0.000139, $0.00016, and possibly higher<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>LUNC vs BTC Performance<\/b><\/h2>\n<figure id=\"attachment_172467\" aria-describedby=\"caption-attachment-172467\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-172467 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"LUNC price\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-05_20-48-55-e1704469639532.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-172467 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-05_20-48-55-e1704469639532.png\" alt=\"LUNC price\" width=\"1200\" height=\"675\"\/><\/noscript><figcaption id=\"caption-attachment-172467\" class=\"wp-caption-text\">Source: Coingape| Terra Classic Vs Bitcoin Price<\/figcaption><\/figure>\n<p>The last three months\u2019 price behavior indicates the Terra Classic (LUNC) is underperforming against Bitcoin (BTC), highlighting a distinct divergence from the broader crypto market trends<span style=\"font-weight: 400;\">. While the Bitcoin price continues to show growth with minor dips, the coin price has corrected more than 50% from its previous rally, indicating that buyers are struggling to sustain high ground.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The 200-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> walking along with the rising trendline offers suitable pullback support to buyers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Moving Average Convergence Divergence: <\/b><span style=\"font-weight: 400;\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a> and the signal line below the midline in a bearish crossover state reflect the sellers are currently dominating this asset.<\/span><\/li>\n<\/ul>\n<h3>Related Articles<\/h3>\n<p><noscript><link rel=\"stylesheet\" id=\"quads-style-css-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/quick-adsense-reloaded\/includes\/gutenberg\/dist\/blocks.style.build.css?ver=2.0.72.1\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><link data-minify=\"1\" rel=\"stylesheet\" id=\"parent-style-css\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/wp-content\/themes\/mh-magazine\/style.css?ver=1704455680\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"bootstrap-css-css\" href=\"https:\/\/coingape.com\/wp-content\/themes\/coingapev3\/css\/bootstrap.min.css?ver=6.3.2\" type=\"text\/css\" media=\"all\"\/><link rel=\"stylesheet\" id=\"Carousel-css2-css\" 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\/>\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-will-uncertainty-push-lunc-0-0001\/\" 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=\"TabA172464\">\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=\"TabD172464\">\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>Terra Classic Price Prediction: The LUNC price needs a breakout beyond this chart pattern to trigger a directional rally. Published 21 mins ago Terra Classic Price Prediction: Over a month, the Terra Classic price has witnessed a steep correction, projecting a V-top reversal from $0.00028. The retracement has plunged the prices by 55% to trade [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":224368,"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-224367","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\/224367","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=224367"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224367\/revisions"}],"predecessor-version":[{"id":224369,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/224367\/revisions\/224369"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/224368"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=224367"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=224367"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=224367"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}