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LUNCUSDT

$LUNC Long Setup see on Chart, LUNC Price on the Rise as Terra..LUNC Price on the Rise as Terra Classic Moves Closer to 403B Target The Terra Luna Classic (LUNC) market rose continuously during five trading days and surpassed its essential resistance barrier. On February 12, LUNC reached its peak value at $0.0000784 while showing a 59% rise relative to its yearly market lows. LUNC Burn Activity Triggers Price Surge The upward price trend of LUNC joins altcoins in general, which have recovered from their local winter lows reached on Monday. LUNC’s latest price increase stems directly from the continuous token-burning efforts on the Terra Classic network. LUNC Metrics demonstrates that the network has destroyed more than 628 million tokens throughout the previous week. The latest round of burning operations has expanded the total destroyed LUNC supply up to 402.78 billion since the initiative commenced. The current pace indicates that the total burned supply will cross the 403 billion threshold during the latter part of this month. Between on-chain network transactions and Terraform Labs donation amount, 67.86 billion of the total burned tokens have been eliminated thus far, but 334.92 billion tokens were directed toward the burn wallet. Binance stands out as the primary supporter of LUNC burning through its destruction of more than 70.8 billion tokens, as noted in our earlier post. The burn process received substantial support from the DFLUNC Protocol, which managed to destroy 4.52 billion tokens, along with LunaticsToken, which burned 1.97 billion tokens. The Terra Classic community believes that ongoing burn operations alongside staking might possibly resolve the issues that affect TerraClassicUSD (USTC). USTC, the stablecoin that lost its peg during the Terra ecosystem collapse, also recorded a notable surge. USTC price rose above 13.22% today to reach the value of $0.01875. However, the current value of USTC remains 5,233% below its target dollar value of $1, therefore necessitating further increase in price. LUNC Price Analysis Today On Wednesday, LUNC price continued surging, trading at $0.00007805, up by 5.12% at press time. A formation of hammer candlestick pattern emerged at this price level with its long lower wick and tiny body structure, which often indicates a bullish reversal move, as mentioned in our previous story. The LUNC price exceeded the upper boundary forming the pattern of declining wedge. The falling wedge is created by descending trend lines that move toward one another and generally signal bullish price movements. Terra Classic overcame its previous support area at $0.00007140 in early September. Terra Classic stands to potentially reach its next major resistance point at $0.0001025 after breaking through this barrier because this level corresponds with the 38.2% Fibonacci retracement measure. The future price potential stands at 40% above its current value according to this target measurement. Hence, the current bullish outlook would become invalid if market bearishness drives prices beneath the $0.00005525 support Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your own research before making any investment decisions. Digital asset prices are subject to high market risk and price volatility. The value of your investment may go down or up, and you may not get back the amount invested. You are solely responsible for your investment decisions and Binance is not available for any losses you may incur. Past performance is not a reliable predictor of future performance. You should only invest in products you are familiar with and where you understand the risks. You should carefully consider your investment experience, financial situation, investment objectives and risk tolerance and consult an independent financial adviser prior to making any investment.
Long
by SUBROOFFICIAL
2
LUNC trash token has already lost 100% of the 'Trump Pump' gainsThe LUNC trash token, often promoted by the 'wealth transfer' community on YouTube and other platforms, has officially lost 100% of the gains it made from the 'Trump Election pump.' It does appear that LUNC could be setting up for a decent move in the future, but anyone who invests in a trash token like this, which has defrauded so many people and robbed them of their wealth, would have to be utterly insane. Not to mention, there are trillions and trillions of tokens. There are much better investment options out there, so why take the risk of betting on trash becoming treasure? For the most part, trash remains trash. Good luck, and always use a stop-loss!
CRYPTO:LUNCUSD
by MetaShackle
Luna Classic: Burn Tax Proposal Sparks Debate Amid Price DeclineThe Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to increase the on-chain tax rate from 0.5% to 1.5%. While this measure promises to enhance LUNC’s burn rate and bolster funding for the community and Oracle pools, it has not been without controversy. The vote comes in the wake of the successful v.3.3.0 network upgrade, which simplified tax handling and improved the ecosystem for developers and dApps. The Proposal: A Closer Look The proposed tax increase would triple the burn tax, allocating 1.2% for burns and 0.3% for community and Oracle pools. Proponents argue this move could significantly reduce the total supply of LUNC, accelerate burns, and increase funds available for staking rewards and ecosystem growth. However, critics, including Binance co-founder Changpeng “CZ” Zhao, have raised concerns about higher taxes potentially deterring developers and layer-2 projects from building on the Terra Luna Classic network. Validators have also expressed divided opinions, with 43.24% voting "Yes," 16.01% voting "No," and 40.74% voting "No with veto" as of the latest tally. Current Market Performance Despite the promising implications of the burn tax proposal, LUNC has struggled in the market, dropping 9% in the last 24 hours to $0.0001135. The token’s trading volume surged by 38% during the same period, indicating heightened market activity. Similarly, USTC has seen a 7% drop, trading at $0.02029, with an 87% increase in trading volume. Technical Analysis From a technical standpoint, SEED_DONKEYDAN_MARKET_CAP:LUNC is in oversold territory, with the Relative Strength Index (RSI) at 28. This low RSI typically signals a potential correction or breakout, presenting two possible scenarios: 1. Upside Potential: The active community and the burn mechanism could drive renewed investor confidence, sparking a rally. 2. Downside Risk: If the broader market correction persists, LUNC may continue its downward trajectory, especially as Bitcoin’s ( CRYPTOCAP:BTC ) price movement exerts influence over the altcoin market. Immediate support for SEED_DONKEYDAN_MARKET_CAP:LUNC is seen at $0.0001115, with resistance at $0.0001243. A breakout above this resistance could signal a short-term recovery, while a failure to hold support might lead to further declines. Fundamental Outlook The burn tax proposal highlights the Terra Luna Classic community's commitment to reducing token supply and strengthening the ecosystem. However, the divided vote underscores the challenge of balancing ecosystem growth with immediate investor sentiment. Despite the current price volatility, LUNC's long-term potential remains tied to the community's ability to execute on its vision and navigate market challenges. If Proposal 12149 passes, the increased burn rate and enhanced community funding could lay the groundwork for a more robust Terra Luna Classic network. Conclusion While LUNC’s recent price action reflects broader market trends and skepticism around the burn tax proposal, its strong community backing and proactive governance measures position it as a token with significant long-term potential. Traders and investors should closely monitor the outcome of Proposal 12149 and key technical levels to gauge the token’s next move.
Long
by DEXWireNews
ITS LUNC time!! Will it go to a $1?So basically LUNC had some movement and as I am already late to see it's been not known to me as of now that any news or something gave that move? But I can help you understand whats next onto it? This is the 12H chart and idle scenario buys goes from the white line - Thats the TPO Line. Ideally at 4Hrs, 0.00016923 is the point to hold and if volume suggets, Longing from here is a better option. To all the people who have fomo, dont do it! My Buys start from the tpo - white line 0.00015861 to 0.00016138. either you can try to buy from the SMA line or buy 30% of it and remaining from the mentioned. Also you may find it more low as TPO flush happens. So My Buys are mentioned stops will be deviated once the SMA is touched, Targets - The red line! If goves above it, will follow the yellow box stating the final targets or extended ones! To put trailing Sl's as shown below
Long
by MastaCrypta
2
Terra Luna Classic Set to Break Out? Set Your Eyes On ThatTerra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been the talk of the crypto world, thanks to its surging trading volume and promising tokenomics. With weekly trading volume hitting a staggering 2.27 trillion tokens on Binance and a much-anticipated burn event looming, optimism about a potential price surge to $0.0005 has reignited. Let’s explore the key drivers behind SEED_DONKEYDAN_MARKET_CAP:LUNC ’s bullish momentum and the technical and fundamental aspects that underscore its future potential. Massive Weekly Volume and Burn Optimism The Terra Luna Classic Foundation recently announced via X (formerly Twitter) that SEED_DONKEYDAN_MARKET_CAP:LUNC ’s trading volume surpassed 2.27 trillion tokens on Binance in a single week. In a pivotal move, Binance committed to allocating 50% of trading fees toward buying back and burning SEED_DONKEYDAN_MARKET_CAP:LUNC , a strategy designed to reduce token supply significantly. Historically, token burns have had a positive impact on price by reducing supply. The anticipation for Binance's next burn event, set to occur in just 12 days, has already bolstered market sentiment. A similar burn in the past triggered a notable price uptick, and traders are hoping for a repeat scenario. Governance Enhancements Boost Confidence In addition to the burns, Terra Classic’s proactive community governance is another critical catalyst. A recent proposal to transfer CoinMarketCap dashboard access to Allnodes, a leading validator, received approval. This shift aims to enhance transparency and streamline the project’s operational framework, thereby strengthening investor confidence. Technical Analysis Golden Cross Emerges Amid Recovery Efforts The technical outlook for SEED_DONKEYDAN_MARKET_CAP:LUNC is equally compelling. At the time of writing, SEED_DONKEYDAN_MARKET_CAP:LUNC is up 3%, trading with a Relative Strength Index (RSI) of 62.84. The RSI indicates that the token is gaining strength but is not yet overbought, leaving room for further upward movement. Of particular note is the formation of a golden cross on the daily chart. This bullish pattern, where the 50-day moving average crosses above the 200-day moving average, historically signals an impending price breakout. SEED_DONKEYDAN_MARKET_CAP:LUNC appears to be on the verge of escaping its previous falling trend channel, setting its sights on the next pivotal resistance at $0.000144. Should the token experience a correction, immediate support lies at $0.000099, a level that could act as a strong accumulation zone for buyers. The golden cross pattern, combined with this robust support, cements SEED_DONKEYDAN_MARKET_CAP:LUNC as a favorable buy at current levels. Pivot Points and Long-Term Targets Short-term analysis suggests SEED_DONKEYDAN_MARKET_CAP:LUNC is likely to challenge the $0.000144 pivot level in the coming sessions. Meanwhile, analysts are projecting a potential 480% rally that could catapult SEED_DONKEYDAN_MARKET_CAP:LUNC ’s price to $0.000593, provided the burn event and governance improvements maintain their momentum. Broader Market Dynamics Despite a slight dip in daily trading volume, currently down 65% to $68 million, SEED_DONKEYDAN_MARKET_CAP:LUNC has posted a respectable 10% gain over the past week. Futures Open Interest for Terra Classic decreased by 11% to $9.33 million, signaling that traders are exercising caution ahead of the Binance burn. This "pause" could set the stage for a dramatic price move once the burn is executed. Conclusion Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is at a pivotal moment, with strong fundamentals and bullish technical patterns aligning for a potential breakout. The combination of token burns, governance improvements, and a golden cross pattern on the chart has fueled optimism for a price surge to $0.0005 and beyond. Investors should keep a close eye on the upcoming Binance burn event and key technical levels, particularly the $0.000144 resistance and $0.000099 support. With momentum building, SEED_DONKEYDAN_MARKET_CAP:LUNC could offer significant upside for those looking to capitalize on its unique combination of community-driven initiatives and market dynamics.
Long
by DEXWireNews
**LUNC Surges with 17% Market Cap Increase!** Terra Classic (LUNC) is making a strong statement with a 17% surge in its market cap, now reaching $615,262,846! This impressive growth is reflected in the 4-hour chart, which reveals a clear upward trend with the price consistently breaking through resistance levels. **Key Levels:** * **Support:** Holding strong around $0.000087570. * **Resistance:** Recently broke above $0.000095000 with conviction. The next challenge lies at $0.000107581 and $0.000111752. * **Targets:** If the bullish momentum continues, these resistance levels could become the next targets for LUNC. **Indicators to Watch:** * **Volume:** High volume accompanying the recent price surge confirms the strength of the bullish sentiment. * **RSI:** Monitor the Relative Strength Index (RSI) for any signs of overbought conditions. * **MACD:** A bullish crossover on the Moving Average Convergence Divergence (MACD) further supports the potential for continued upward movement. **Trading Strategy:** * **Long Entry:** Consider entering a long position on a pullback towards the support at $0.000087570 with a confirmed bounce. * **Stop Loss:** Place your stop loss below the recent swing low or beneath the support. * **Take Profit:** Target the resistance levels mentioned above, or employ a trailing stop loss to capitalize on the upward momentum. **Market Cap Momentum:** The significant increase in market capitalization indicates growing confidence and interest in LUNC. This surge could fuel further price appreciation as more investors enter the market. **Disclaimer:** This is not financial advice. Conduct your own thorough analysis and manage your risk accordingly. **#LUNC #TerraClassic #Crypto #TradingView #TechnicalAnalysis #MarketCap**
CRYPTO:LUNCUSDLong
by GenesisRothmeger
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
This left 53136 BTC in Terra's reserves (+313 BTC) Between January and May (2022), 80394 bitcoins were purchased by the LFG (Do Kwon) There are two different sets of LFG Bitcoins (Bitcoin reserves (Terra's reserves)): First, from 80394 BTC, 42530 BTC was sent to LFG wallet (wallet = bc1q.... s50tv4q). Luna-LFG balance chart: (Max = 42530 BTC) from 42530 BTC, 15272 BTC was sent to this address (wallet = bc1qm3....3ewf0j77s3h) a- This left 15272 BTC in Terra's reserves (Do Kwon) Second, (From 80394 BTC) Do Kwon did not send 37864 BTC to LFG wallet! b- This left 37864 BTC in Terra's reserves ((9 - 10 May 2022)) As a result: (a and b) ---> 15272 BTC + 37864 BTC = 53136 BTC This left 53136 BTC in Terra's reserves the remaining 53136 remain unspent and are likely still sitting with the LFG (Terra's reserves or Do Kwon). a, b, c Money laundering: LUNA = a scheme to disguise the money as legal ($ 411 M) and ... Transactions:
Long
by BTC-XLM
8
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