{"id":234034,"date":"2024-01-23T01:05:55","date_gmt":"2024-01-22T19:35:55","guid":{"rendered":"https:\/\/dripp.zone\/news\/why-terra-classic-lunc-price-is-at-risk-for-15-fall-crypto-news\/"},"modified":"2024-01-23T01:05:59","modified_gmt":"2024-01-22T19:35:59","slug":"why-terra-classic-lunc-price-is-at-risk-for-15-fall-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/why-terra-classic-lunc-price-is-at-risk-for-15-fall-crypto-news\/","title":{"rendered":"Why Terra Classic (LUNC) Price Is At Risk For 15% Fall &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-175995\">\n<p>\nAmid the delisting announcement from CryptoCom the Terra Classic Price breaks below the pennant pattern to prolonged correction ahead.\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\/l7y4Tk0q-e1705950290269.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Terra Classic (LUNC) Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">  Published 20 mins ago <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Amid the current uncertainty in the crypto market, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terra-classic-community-turns-down-major-proposal-lunc-price-retraces\/\">Terra Classic<\/a> Price downward trend shifted sideways to trade above the $0.0001 physiological level. This support coincides with the 78.6% Fibonacci Retracement level bolstering the formation of a bearish continuation called a pennant. A recent breakdown from this pennant pattern should intensify the market selling pressure.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><b>Is Terra Classic Price Heading Back to $0.000085?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The Pennant pattern formation offered sellers sufficient breather to replenish the selling momentum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The falling LUNC price may find suitable support at $0.0000975, followed by $0.0000842.<\/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 $60.7 Million, indicating a 117% loss.<\/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 (LUNC) Price \" width=\"1946\" height=\"937\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/l\/l7y4Tk0q.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/l\/l7y4Tk0q.png\" alt=\"Terra Classic (LUNC) Price \" width=\"1946\" height=\"937\"\/><\/noscript><figcaption class=\"wp-caption-text\">Terra Classic (LUNC) Price| TradingView Chart<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">Over the past three weeks, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/\">Terra classic price<\/a> traded sideways above the combined support of $0.0001 and 78.6% FIB. This consolidation encapsulated within two converging trendlines indicated the formation of a pennant pattern- a chart pattern known to recuperate selling after a brief breather.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">However, the selling pressure on this asset intensified as Terraform Labs Pte Ltd (TFL) filed for Chapter 11 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terraform-labs-tfl-files-for-bankruptcy-protection-luna-lunc-price-fell-5\/\">bankruptcy<\/a> in Delaware, United States, and CryptoCom Confirmed the Delisting of <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/terra-luna-classic-lunc-delisting-confirmed-by-cryptocom\/\">Terra Luna Classic<\/a> (LUNC).<\/span><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<p><span style=\"font-weight: 400;\">As a result, the LUNC price is down 9% today and gives a deceive breakout from the pennant pattern and 78.2% FIB level. Losing this Fibonacci level reflects that buyers are losing their grip over this asset and simultaneously sellers maintain their dominance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">If the coin price shows sustainability below the $0.0001 mark, the sellers may drive the price another 15% down to retest the $0.0000975, followed by $0.0000842.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.80 --><\/p>\n<h2><b>LUNC vs BTC Performance<\/b><\/h2>\n<figure id=\"attachment_175997\" aria-describedby=\"caption-attachment-175997\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-175997 size-full\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Terra Classic Vs Bitcoin Price\" width=\"1200\" height=\"677\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-23_00-21-30-e1705950418197.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-175997 size-full\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2024\/01\/image_2024-01-23_00-21-30-e1705950418197.png\" alt=\"Terra Classic Vs Bitcoin Price\" width=\"1200\" height=\"677\"\/><\/noscript><figcaption id=\"caption-attachment-175997\" class=\"wp-caption-text\">Source: Coingape| Terra Classic Vs Bitcoin Price<\/figcaption><\/figure>\n<p><span style=\"font-weight: 400;\">In a comparative analysis with BTC, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/bitcoin\/\">Bitcoin price<\/a> has showcased sustainable and gradual growth in the last six months. The LUNC coin showcased a more volatile price behavior as the altcoin is down 65% from the December high of $0.00028. Therefore, this asset might be ideal for scalpers, but less so for traders who are averse to risk<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The LUNC price dive below daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMAs<\/a>(20, 50, 100, 200) reflects the growing bearish sentiment among market participants.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Direction Index: <\/b><span style=\"font-weight: 400;\">The ADX slope uptick at 23% the sellers have sufficient momentum to lead a prolonged downfall.\u00a0<\/span><\/li>\n<\/ul>\n<h3>Related Articles<\/h3>\n<\/p><\/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\/why-terra-classic-lunc-price-is-at-risk-for-15-fall\/&#038;text=Why Terra Classic (LUNC) Price Is At Risk For 15% Fall\" 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\/why-terra-classic-lunc-price-is-at-risk-for-15-fall\/\" 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\/why-terra-classic-lunc-price-is-at-risk-for-15-fall\/\" 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\/why-terra-classic-lunc-price-is-at-risk-for-15-fall\/\" 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=\"TabA175995\">\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=\"TabD175995\">\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>Amid the delisting announcement from CryptoCom the Terra Classic Price breaks below the pennant pattern to prolonged correction ahead. Published 20 mins ago Amid the current uncertainty in the crypto market, the Terra Classic Price downward trend shifted sideways to trade above the $0.0001 physiological level. This support coincides with the 78.6% Fibonacci Retracement level [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":234035,"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-234034","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\/234034","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=234034"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234034\/revisions"}],"predecessor-version":[{"id":234036,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/234034\/revisions\/234036"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/234035"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=234034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=234034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=234034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}