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Lunc

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
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
ETH Same Fate As TerraClassic? Macro Rising Wedge Target $8ETH is looking weak guys. I think ETH will maybe have another small rally but in the macro I think ETH will dump hard out of this massive rising wedge. LUNA Classic did the same thing, and I even predicted the fall of Luna well before it ever happened when Luna was in the $80 dollar region. It far exceeded my expectations on how far it would drop but regardless the move happened. Now I think ETH is losing steam as well and this massive rising wedge is extremely dangerous and quite frankly ETH is very overvalued for what it is now. A centralized slow and expensive blockchain. Very overvalued in my opinion. ETH is about to move out of the way and make room for better, faster, cheaper projects. Good luck to everyone out there holding ETH. This is not trading or financial advice this is just my opinion. If you appreciate my work please give me a boost and follow for more updates on your favorite coins. Good luck and thank you all for checking out my charts. This is my LUNA prediction from way back almost exactly a year ago today!
BITSTAMP:ETHUSDShort
by Bitgolder
46
LUNC/USDT planning bullish reversal from support| 🚀LUNC💎 Paradisers, gear up for an intriguing opportunity with #LUNCUSDT as it edges closer to a crucial support level, signaling a potential bullish reversal. If the price maintains its momentum and rebounds from this level, we might embark on a bullish journey from this support. 💎 With continued upward momentum, our sights are set on targeting the resistance at $0.00021046. Surpassing this level would lead us into the resistance mitigation zone at $0.00025546. However, should the price struggle to initiate an upward trajectory from the support at $0.00014515, we, as savvy traders, will adjust our focus to the next support level for a bullish rebound at $0.00011716. 💎 In the event the price dips below this lower support, be prepared for a further descent. Staying alert and monitoring the price action at each mentioned point is crucial for a clear understanding of the market. Remember, patience is vital in trading. Keep a close eye, and let's navigate this together with the ParadiseTeam.
Long
by MyCryptoParadise
3
$LUNC Soars with Unanimous Approval of v2.4.2 Upgrade Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) embarks on a transformative journey with the unanimous passage of its v2.4.2 upgrade proposal. Bolstered by overwhelming validation from validators and stakeholders, the Terra Luna Classic community sets the stage for a significant evolution in its blockchain ecosystem. The v2.4.2 upgrade, aptly dubbed Terra Classic v7, introduces a slew of groundbreaking features, chief among them being the implementation of IBC-Hooks. This pivotal upgrade paves the way for seamless integration of decentralized applications (dApps) onto the Terra Luna Classic platform, notably including the highly anticipated Enterprise DAO. The unanimous endorsement of the proposal underscores its paramount importance within the Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community. Notably, key validators such as Allnodes, Orion, Interstellar Lounge, Stakely, and HappCattyCrypto have rallied behind the upgrade, affirming its significance and potential impact on the platform's future trajectory. The comprehensive upgrade encompasses various enhancements, including the removal of package-forward-middleware (PFM) from the mainnet release and the addition of a minimum initial deposit requirement. These refinements, borne out of community discussions and deliberations, signify a collective commitment to advancing the Terra Luna Classic ecosystem. Moreover, Genuine Labs' proposal for a major security upgrade, incorporating key components such as Cosmos SDK 0.47.10 and IBC go v7, further fortifies Terra Luna Classic's resilience against potential threats and vulnerabilities. In tandem with these developments, the Singapore-based crypto futures trading platform WEEX announces the listing of LUNC spot and futures pairs. This strategic move not only expands LUNC's market accessibility but also augurs well for its liquidity and trading volume. Despite recent market fluctuations, SEED_DONKEYDAN_MARKET_CAP:LUNC demonstrates resilience, with a 1% price increase over the past 24 hours and a 4% uptick in the last week. Trading activity remains robust, underpinning investor confidence in Terra Luna Classic's long-term viability and growth potential. As Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) charts a course towards greater innovation and inclusivity, the unanimous approval of the v2.4.2 upgrade heralds a new era of possibility and progress. With a firm foundation in community consensus and technological advancement, Terra Luna Classic emerges as a beacon of resilience and evolution in the ever-expanding landscape of blockchain ecosystems.
Long
by DEXWireNews
2
LUNC Community Approves Genuine Labs' Upgrade ProposalIn a significant development for the Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) ecosystem, the community has rallied behind Genuine Labs' proposal for major core upgrades aimed at enhancing security, functionality, and interoperability. With the proposal officially passing, the stage is set for a transformative journey that could propel SEED_DONKEYDAN_MARKET_CAP:LUNC to new heights. The Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community's overwhelming support, with a staggering 99.95% "Yes" votes, underscores the collective belief in the potential of Genuine Labs' upgrade package. This package, encompassing crucial improvements to Wasmd, IBC Go, and Cosmos SDK, promises to fortify the foundation of the Terra Luna Classic network, paving the way for enhanced performance and expanded capabilities. Genuine Labs' roadmap includes upgrading to Cosmos SDK 0.47 and subsequently to Cosmos SDK 0.50.1, marking a pivotal step towards aligning Terra Luna Classic with the latest advancements in blockchain technology. The proposed upgrades bring forth a host of benefits, including heightened security measures, improved interoperability, and developer-friendly enhancements, all of which are essential for fostering innovation and growth within the ecosystem. As the Terra Luna Classic community looks forward to the completion of these developments within the next 8 weeks, anticipation runs high for the positive impact they will have on the network. With an estimated budget of $30K allocated for the upgrades, Genuine Labs is poised to deliver on its promise of ushering in a new era of progress and prosperity for SEED_DONKEYDAN_MARKET_CAP:LUNC holders and stakeholders. One of the most notable outcomes of the proposed upgrades is the significant increase in the burn rate of LUNC tokens. With an average daily burn of 200 million tokens and a whopping 1.3 billion tokens burned this week alone, the decline in token supply has already begun to exert upward pressure on LUNC's price. This surge in demand, coupled with the anticipation of future developments, has led to a 1% jump in LUNC's price over the past 24 hours and a remarkable 12% increase over the week. Meanwhile, the price of USTC, another token within the Terra Luna Classic ecosystem, continues to trade sideways near $0.03600. Although trading volume has decreased slightly, the overall sentiment remains positive, with stakeholders eagerly awaiting the ripple effects of Genuine Labs' upgrades across the entire ecosystem. In conclusion, the approval of Genuine Labs' upgrade proposal marks a significant milestone in the evolution of Terra Luna Classic. With the community's unwavering support and Genuine Labs' commitment to excellence, the future looks bright for LUNC as it embarks on a journey towards greater security, functionality, and value creation.
by DEXWireNews
And Then One Time Bitcoin Went From $30k To $30 MillionNever say never! I know it sounds crazy but what if this whole bitcoin move that we saw from inception to today was one giant cycle? What if this is the bottom of a larger cycle and we are about to see numbers that no one could ever even imagine are possible? What if everyone who is predicting Bitcoins's next move is near sighted and need to zoom out allloot further and see the larger cycle? What if Im crazy? Its all possible, and that would put Bitcoin's market cap at $600 TRILLION. Not impossible in my opinion. This is just my opinion and a wild one at that so dont take this as any sort of financial advice, Im just having fun here. Good luck out there.
BITSTAMP:BTCUSDLong
by Bitgolder
21
LUNAUSDT - What about LUNA? - Mid-term targetHi to all TV people, this is my LUNA idea. Like most of you know, LUNC and LUNA are historically related since last year. But how deep is this correlation? Long story short: 1) Lunc is the ex Luna token, the one plunged from 120$ to sub 0$ . There were a relation with UST (now USTC), terra stablecoin. UST started the de-peg from original price of 1$ due to 85 million UST being swapped to USDC. Then LUNA started printing tokens to re-peg UST, but death circle started and whales started selling more UST (most losing money), causing a lost of value on LUNA. Also LUNA tokens were sold by holders in loss. The Terra blockchain was halted for the first time in his history on May 12, 2022, at block height 7603700 to stop the infinite token printing. Everything happened in just few days. 2) May 28, 2022 a new Luna (Luna2) was launched as post hard-fork token. Do you remember some other hard fork token? I'll tell you: ETH and ETC. I won't go further because I'm doing a technical analysis, not fundamental. All of this to get to the point: Lunc and Luna aren't the same token, most of charts from exchanges are showing wrong history price. So this LUNA2 token price starts officially from 1$. Now, we have this accumulation stage, with the falling wedge that Luna already broke out. The first, measured, target price is around 2.5$. Should you trade it with high leverage? Answer is NO . Yestarday dumped from 1.22$ to sub 0.9$ (depends from the exchange) in matter of minutes. Then, after some time of consolidation, or maybe less, next target would be somewhere between 4 and 4.5$. LUNC and LUNA are bonded by history and price action. So I expect more gains from here as Lunc did in the past week. This is my view, not a financial advice. Always DYOR.
Long
by ShadowPlayer