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Lunc

Avalanche Foundation Acquired 1.97 Mln AVAX tokens from LFGThe Avalanche Foundation recently took a bold step to reclaim its ecosystem's autonomy by acquiring 1.97 million AVAX tokens from the liquidated Luna Foundation Guard (LFG) for $53 million. This buyback, paired with CRYPTOCAP:AVAX ’s strong technical outlook, positions Avalanche well for further growth in the evolving crypto market. Let’s dive into what this buyback means for Avalanche, its partnership history with LFG, and the technical indicators suggesting where CRYPTOCAP:AVAX might be headed next. The AVAX Buyback The Luna Foundation Guard (LFG) originally acquired $100 million worth of AVAX tokens from the Avalanche Foundation as part of a reserve strategy to support TerraUSD (UST), the algorithmic stablecoin of the Terra blockchain ecosystem. In return, the Avalanche Foundation received $200 million worth of UST and LUNA tokens, signaling a cross-ecosystem partnership intended to strengthen both platforms. However, following the collapse of UST, the Avalanche Foundation faced a dilemma. The 1.97 million AVAX tokens LFG still held became a potential risk, as their future sell-off could create a major price disruption. In response, Avalanche reclaimed these tokens to mitigate uncertainty and reaffirm its commitment to the community. Aytunç Yildizli, CEO and Executive Director of the Avalanche Foundation, expressed optimism regarding this acquisition, viewing it as a reinforcement of Avalanche’s ongoing commitment to growth and development. How the Tokens Will Be Used Avalanche’s reclaimed AVAX tokens will be funneled into initiatives supporting its ecosystem. According to Avalanche representatives, these tokens are earmarked for community grants, ecosystem development, and technological advancements. By using the tokens in this way, Avalanche aims to foster community engagement, expand its ecosystem, and ultimately attract more projects and developers to the platform. The Partnership with Terra The original partnership between Avalanche and LFG was a milestone in cross-chain collaboration. By contributing $100 million worth of AVAX to UST’s reserve, Avalanche became the first major crypto asset outside of Bitcoin to support UST, expanding its role in the Terra ecosystem. The collaboration had initially sparked hopes for integrating Terra-based DeFi protocols within the Avalanche ecosystem. Although the plans were cut short by the Terra collapse, this collaboration showed the potential of cross-chain partnerships in crypto. Technical Analysis Despite its impressive fundamentals, CRYPTOCAP:AVAX has experienced a minor dip of 1% at the time of writing. However, the daily chart reveals a promising “Golden Cross” pattern, a technical indicator where the 50-day moving average crosses above the 200-day moving average. Historically, this pattern is considered a strong bullish signal, often indicating that the asset is primed for an upward reversal. Yet, caution remains necessary. If selling pressure persists, CRYPTOCAP:AVAX could dip to its next support level around $24. This would provide an opportunity for accumulation, especially for those who believe in the token's long-term potential. AVAX’s Role in the Layer-1 Ecosystem As a leading layer-1 blockchain, Avalanche differentiates itself through its unique subnet architecture, enabling highly customizable and scalable applications. This modular approach has drawn various developers to build DeFi, gaming, and enterprise applications within the Avalanche ecosystem. With the AVAX buyback, the Avalanche Foundation signals a strategic focus on expanding and supporting these use cases, enhancing the platform’s utility and resilience. Conclusion: Is AVAX Ready for a Rebound? Avalanche’s proactive buyback of AVAX tokens from LFG demonstrates the Foundation’s commitment to fostering stability and long-term growth. Coupled with a Golden Cross pattern on the daily chart, these fundamentals suggest a promising outlook for $AVAX. The token remains a valuable asset for investors seeking a solid foundation within the layer-1 blockchain sector. While short-term volatility may persist, Avalanche’s combination of technical indicators and ecosystem developments makes it well-positioned for a potential bullish trend. For investors eyeing layer-1 assets, CRYPTOCAP:AVAX offers a compelling mix of fundamentals, technical strength, and future growth potential.
COINBASE:AVAXUSDLong
by DEXWireNews
USTC, Out of Slumber soon. Multiple X Surge Prospect!USTC recently suprised everyone when it suddenly woke up from its deep slumber from its 0.10 range to surge at 0.18 level. It corrected back to 0.13 range as we speak. The sudden spike conveys a buying volatility is already in order. Expect another upside attempt from here on with possible significant breakout. This one is very sensitive to pump at the current range. Recent development conveys a permanent omission of minting of the coin to support its repeg. Spotted at 0.013. TAYOR.
Long
by JSAL
38
Lunc Breaks Out Terra Classic (LUNC) has surged past a key resistance level with strong volume, signaling a potential trend reversal. Bullish indicators like the Bollinger Bands and moving averages suggest this upward momentum could continue. Is LUNC finally on its way back to the moon? 🌕 **Key takeaways:** * LUNC breaks above crucial resistance. * Strong volume confirms buying pressure. * Bollinger Bands and moving averages support the bullish outlook. **What's next?** Keep an eye on these levels: * **Support:** 0.00008713 * **Next Target:** 0.00009187, then 0.00010000 **Disclaimer:** This is not financial advice. Cryptocurrency investments are volatile, so always do your own research and practice risk management.
CRYPTO:LUNCUSDLong
by GenesisRothmeger
1
LUNC is still bearishLUNC has bearish structure. It is now pullback to the premium ranges of the previous wave. Nearby, there is a supply range that is an inside bar. The overlap of the flip line has increased the validity of this area. We are looking for sell/short positions in the supply range. Closing a daily candle above the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
1
LUNC is bearishThe general structure of LUNC is bear. The latter has swept orders by hitting a supply and then broke the support line. A resistance swap range has also been formed on the chart, in which we are looking for sell/short positions. The targets are clear on the chart. Closing a daily candle above the invalidation level will violate the analysis Note that the financial market is risky, so: Do not enter any position without confirmation and trigger. Do not enter a position without setting a stop. Do not enter a position without capital management. When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit. If you have any comments please post them, comments will help us improve our performance Thanks
by iMoneyTeam
2
Despite Binance Burn 1.35 Bln LUNC Chart shows a Bearish PatternBinance has burned 1.35 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens in its 22nd batch of its SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism, marking a bearish pattern in the crypto exchange's net burn. The total SEED_DONKEYDAN_MARKET_CAP:LUNC burn by Binance has now surpassed 60 billion, accounting for more than 52% of the total SEED_DONKEYDAN_MARKET_CAP:LUNC burned by the Terra Luna Classic community. The 22nd batch of the SEED_DONKEYDAN_MARKET_CAP:LUNC burn mechanism burned a significant amount of trading fees for the period between April 30 and May 29. Binance has now burned nearly 60.42 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens from trading fees on SEED_DONKEYDAN_MARKET_CAP:LUNC spot and margin trading pairs. Last month, Binance burned 1.4 billion SEED_DONKEYDAN_MARKET_CAP:LUNC tokens. The exchange burned 1.40 billion in trading fees on LUNC spot and margin trading pairs worth $156,362 as trading volumes fell significantly in April. However, trading volumes reversed higher in the last few weeks of May, with prices mostly trading sideways near $0.00012. SEED_DONKEYDAN_MARKET_CAP:LUNC and OTC:USTC prices continue to trade under pressure even after the Binance SEED_DONKEYDAN_MARKET_CAP:LUNC burn due to a recent crypto market selloff, causing Terra Luna Classic ecosystem tokens to pare recent gains. The community narrative has switched to development activity and SEED_DONKEYDAN_MARKET_CAP:LUNC burns in May, bringing back speculation of SEED_DONKEYDAN_MARKET_CAP:LUNC price hitting $0.0002. SEED_DONKEYDAN_MARKET_CAP:LUNC price has rallied over 17% in a month amid buying from spot and derivatives traders, currently trading at $0.000117. Despite the burning streak by Binance, the token seems to trade in respite to the burn campaign. The memecoin is down by 2.76% technically, SEED_DONKEYDAN_MARKET_CAP:LUNC 's daily price chart depicts a bearish symmetrical triangle pattern in the long term. But the Relative Strength Index (RSI) which is at 56.59 gives hope of a trend reversal for long and short term investors alike.
by DEXWireNews
1
Terra Classic (LUNC) 4H TF AnalysisOn the 4H TF LUNC is currently exhibiting important technical patterns. The volume profile shows the highest trading activity around $0.0001077 to $0.0001047, indicating strong support levels. Recently, the price action has been sideways, suggesting a balance between buying and selling pressures, with low trend strength and volatility, indicating consolidation. Key resistance levels are at $0.0001253, $0.0001324, and $0.0001425. Key support levels are at $0.00011, $0.0001015, and $0.00009220. The price is just above a crucial support level at $0.00011; a break below this could lead to a retest of lower support levels. Two patterns are visible: a falling wedge and a bearish pennant. The falling wedge, a bullish pattern, has completed, with the price breaking the upper boundary and entering consolidation, suggesting a potential breakout to $0.00017. Conversely, the bearish pennant indicates potential declines. If the price breaks the pennant's lower boundary, it could test the lower boundaries of the sideways trend. If support fails, the price may fall to $0.00009220 - $0.00008662. Summary: ◼️ Strengths: Strong support around $0.00009220 and a completed falling wedge pattern suggesting a potential end of the downtrend. ◼️ Weaknesses: The bearish pennant suggests further downside risk, with a crucial support level at $0.00011; a break below could lead to significant drops. History and Background of Terra Classic (LUNC). Terra Classic (LUNC) is the rebranded version of the original Terra (LUNA) token, which experienced a dramatic collapse in value in May 2022. Here's an overview of what happened and the current state of Terra Classic, highlighting its strengths and weaknesses: Background of Terra (LUNA) Collapse: Collapse Details: Terra (LUNA) and its associated stablecoin TerraUSD (UST) were part of the Terra blockchain ecosystem. UST was designed to maintain a 1:1 peg with the US dollar through an algorithmic mechanism involving LUNA. In May 2022, UST lost its peg, leading to a massive sell-off of both UST and LUNA, causing LUNA's value to plummet from over $80 to less than a cent within days. ◻️ Impact: The collapse wiped out billions of dollars in market value, significantly impacting investors and the broader cryptocurrency market. Transition to Terra Classic (LUNC): Rebranding: Following the collapse, the Terra community and its founder, Do Kwon, proposed a recovery plan. This plan involved rebranding the original chain as Terra Classic, with its native token renamed to Terra Classic (LUNC). ◻️ New Chain: A new Terra chain was launched without the algorithmic stablecoin, maintaining the name Terra (LUNA) but as a distinct entity separate from Terra Classic. Current State of Terra Classic (LUNC): Community and Governance: Terra Classic is now community-driven, with governance decisions being made through proposals and voting by LUNC holders. ◻️ Development: The community is working on various initiatives to revive and develop the Terra Classic ecosystem, including potential integrations, dApps, and improvements to the blockchain's infrastructure. ◻️ Market Performance: LUNC has seen fluctuating interest and trading volumes. Its value remains highly volatile, influenced by broader market trends and specific developments within the Terra Classic community. Key Points for Investors and Traders. ➖ Strengths: ◼️ Active Community Involvement: The dedicated community is actively involved in governance and development, which could drive future growth. ◼️ Ongoing Development Efforts: Continuous work on ecosystem development, including dApps and infrastructure improvements, adds potential value. ➖ Weaknesses: ◼️ High Volatility: LUNC's value remains highly volatile, making it a speculative and high-risk investment. ◼️ Historical Context: The collapse of the original LUNA casts a long shadow, contributing to skepticism and caution among investors. Market Sentiment: The sentiment around LUNC is heavily impacted by news, updates from the Terra Classic community, and overall market conditions. Conclusion: Terra Classic (LUNC) represents an attempt to salvage and rebrand the remnants of the original Terra (LUNA) project after its catastrophic failure. While it has a dedicated community striving to rebuild, it remains a speculative and volatile asset. Investors and traders should approach LUNC with caution, keeping in mind its historical context and the inherent risks associated with it. Always remember the golden rule of investing: never risk more than you can afford to lose. Trade carefully and wisely, and may each of your transactions be successful!
by TeddyVizion
#LUNC/USDT #LUNC We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly. We have a support area at the lower border of the channel at $0.0000800 from which the price rebounded We have a tendency to stabilize above moving average 100 We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher Entry price is 0.0001000 The first goal is 0.0001280 The second goal is 0.0001530 The third goal is 0.0001800
Long
by CryptoAnalystSignal
LUNC ANALYSIS (6H)LUNC appears to be forming a large triangle or diametric pattern. It looks like wave D is over and we are now entering wave E. Wave E appears to be a diametric. After the completion of wave e and f from E, we are expected to move towards the targets for wave g from E. The green range is where we look for buy/long positions. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management When we reach the first target, save some profit and then change the stop to entry Comment if you have any questions Thank You
by behdark
Terra Classic (LUNC)So far, LUNC's movement behavior is analyzable by technical analysis and Elliot waves. That is, the corrective 2 and 4 waves both ended at 0.5 and 0.618 Fibonacci retracement; And the impulse wave 3 have been extended to 1.618. So, if the impulse wave 5 grow bigger than wave 3 it can extend past the 1.618 about 0.0041. Otherwise, it probably going to be smaller than wave 3 and extend up to 1 Fibonacci extension; that is about 0.00125. There is another possibility and that is the corrective wave 4 is not finished yet and going to unfold in complex waves. Lets wait and see which happens.
Long
by SaeedSalehinia
26
LUNC spot buy/sell zonesLast LUNC from november 2023 left much liquidity to grab. Most possible, but least trustable zoone is first at the chart marked with green demand box or red supply zones. Gold boxes are high quality zoones, for short or long either. BUY My favourite scenario is the one with hitting new low but as the realist i would buy in green and first gold box SELL One place that i can see to stop the price can be red box but it isnt too dangerous place. I will hold my bought LUNC untill i will see readable distribution scheme.
Long
by HallFer
3