Up from a strong support level. Strong support - could lead to a continuation up through the next suppor/ resistance.
LUNCUSDT trade ideas
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.
LUNC 3-Day Chart
▶️In my longer term view for LUNC, we are currently in black wave 2 correction inside the larger gray wave 3.
▶️If this scenario plays out, we would be looking at a 2-3x gain in the next few months.
▶️It is not yet clear if black wave 2 is finished or we are still in a longer correction (A).
▶️ The blue descending trendline is the key for price to pump.
$LUNCUSDT - goal is move higherPropose 2 scenarios for BYBIT:LUNCUSDT - first moving up during the 6 months, second is the nearest correction and long after with the good potential in a year.
Does not constitute a recommendation.
#furoreggs #investing #currency #idea #forecast #trading #analysis
If you want to discuss, please subscribe and challenge this point of view
LUNC looks ready to test my targets !boost and follow for more ❤️🔥
I really like what Im seeing on LUNC, the bounce from major support.. trend breakout and then retest (bullish), now approaching a major pivot level.
If we can break .00012 then a rally higher to .00018-.00025 should come within days or a week..
this is my first post in a while, will try to get back into sharing my thoughts here on tradingview! see you all soon with more 🙏🚀
$LUNC Price above $0.00015000 and it will Touch $0.00016000 BINANCE:LUNCUSDT Price above $0.00015000 and it will Touch $0.00016000 price level. Its price now Big FVG area and touch the Dynamic Price level area. See on chart more Details
Disclaimer: 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.
Update of analysis of lunc/usdtTp 2 also reached successfully.
Good luck dear traders
Happy New year 🎉
ITS LUNC time!! Will it go to a $1?So basically LUNC had some movement and as I am already late to see it's been not known to me as of now that any news or something gave that move? But I can help you understand whats next onto it?
This is the 12H chart and idle scenario buys goes from the white line - Thats the TPO Line.
Ideally at 4Hrs, 0.00016923 is the point to hold and if volume suggets, Longing from here is a better option. To all the people who have fomo, dont do it! My Buys start from the tpo - white line 0.00015861 to 0.00016138. either you can try to buy from the SMA line or buy 30% of it and remaining from the mentioned. Also you may find it more low as TPO flush happens. So My Buys are mentioned stops will be deviated once the SMA is touched,
Targets - The red line! If goves above it, will follow the yellow box stating the final targets or extended ones! To put trailing Sl's as shown below
Lunc Terra classic
Lunc usdt Daily analysis
Time frame daily
Risk rewards ratio >4 👈👌👈👈👈
Target 0.0002$
Now Time for risk free
Terra Classic New All-Time High: Short-Term & Long-Term Targets When doing these charts, for the purpose of extracting trade-numbers, I plot two set of Fibonacci numbers, in this way I can have short-term and long-term targets.
In this case, LUNCUSDT (Terra Classic), isn't showing much need for the short-term targets, the numbers on the right side. But some pairs have a first target that is high up so the short-term targets are needed. Let me explain.
The ATH potential for us is the 2.618 Fib. extension of the last market cycle. This would be around 0.001468 for LUNCUSDT (~980% profits potential). The first target on this set of numbers would sit around 0.000257. When we look at the short-term set of numbers, we have 0.000154, 0.000178 and 0.000212 before reaching 0.000257. So we have several targets that can work for the short-term.
👉 Terra classic is strongly bullish now, it has been growing since August 2024. It moved above resistance recently and is likely to produce soon a major jump.
The targets are marked blue on the chart, including a new ATH.
I hope you find this information useful.
Thank you for reading.
Namaste.
Keeping an eye on #LUNC/USDT in 4-Hour TF!Keeping an eye on #LUNC/USDT in 4-Hour TF!
Wait for the breakdown and retest for short $LUNC. The local resistance level is PWH $0.0001293 and the support level is PMH $0.0001015.
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.
Luncusdt buy opportunityLUNCUSDT is demonstrating the potential formation of an Adam & Eve pattern, a classic bullish reversal setup. The neckline area, acting as a key resistance zone, is expected to impose significant selling pressure.
A decisive breakout above this level would signal the initiation of a strong bullish rally, with projected targets precisely marked on the chart. The identified buy-back zone presents an excellent entry point for accumulation during potential pullbacks.
Share your insights and perspectives on this coin's outlook.
LUNC/USDT Chart Analysis and Long-Term ForecastLUNC/USDT Chart Analysis and Long-Term Forecast
Background of LUNC (Terra Luna Classic)
Historical Performance:
In its peak during 2021-2022, LUNC (formerly Terra Luna) reached prices close to $100. It was among the most respected crypto projects in terms of innovation, being a key player in decentralized finance (DeFi). However, the collapse of the Terra ecosystem led to a dramatic decline in price and a loss of trust.
Current Status:
Despite the crash, LUNC has remained consistently ranked within the top 150 cryptocurrencies by market cap, signaling continued interest and investment from the community and speculative traders.
Potential in a Crypto Bull Run
In the event of a Bull Run, where major cryptocurrencies like Bitcoin and Ethereum set new all-time highs, altcoins like LUNC tend to follow with significant gains due to:
Increased speculative interest.
Community-driven narratives aiming to "revive" projects with strong past performance.
Liquidity flowing into lower-cap assets as investors search for higher returns.
Technical Analysis and Targets
1. Current Market Structure
LUNC appears to be forming a potential rounded bottom pattern, which often signals accumulation and the possibility of a trend reversal.
Key zones:
Current price: $0.000095 - $0.00010 (strong accumulation zone).
Historical resistance: $0.00065, marked by the previous consolidation range.
2. Long-Term Growth Potential
Using a Bull Run scenario as the premise, LUNC has the potential to reach significant price targets. These are speculative but based on psychological resistance levels and historical retracement patterns.
Price Targets
Short-Term Target:
$0.00065: A 500% gain from the current level, representing the nearest strong resistance. This could occur with moderate bullish momentum or a successful catalyst like project updates.
Mid-Term Targets:
$0.01 - $0.10:
A rally to $0.01 would represent a 10x move, which is plausible if Bitcoin crosses $100k and altcoins outperform.
$0.10 could act as a significant psychological resistance level. For this, LUNC would need massive buying pressure and renewed investor confidence.
Long-Term Targets (Bullish Scenario):
$0.25 - $1:
These levels require a sustained Bull Run and potentially renewed utility for LUNC, such as integrations in DeFi or NFT markets.
$1 would represent a milestone where significant wealth could be generated for holders, but this is highly speculative.
$10:
This is an extremely optimistic scenario requiring a monumental recovery of the Terra ecosystem or a massive speculative bubble. While possible in crypto markets, this is not a realistic short-term target.
Long Position Ideas
Short-Term Long (Speculative Trade):
Entry: Between $0.00009 - $0.00010.
Targets:
First: $0.00065.
Second: $0.001.
Stop-Loss: $0.00007 (below support zone).
Mid-Term Long:
Entry: On a confirmed breakout above $0.00065.
Targets:
First: $0.01.
Second: $0.10.
Stop-Loss: $0.0005.
Long-Term Long (HODL Strategy):
Entry: Accumulation at current levels ($0.00010).
Targets:
$0.25.
$0.50.
$0.75.
$1 - $10 (speculative upper bound).
Stop-Loss: Use a percentage-based stop based on risk appetite (e.g., 20-30% below entry).
Key Factors for Success
Market Conditions:
LUNC’s potential relies heavily on broader market momentum. A crypto Bull Run is essential for achieving the upper targets.
Community Efforts:
LUNC’s dedicated community continues to push for burns and utility creation to restore its reputation.
Reintegration of Utility:
If LUNC can regain utility in DeFi or implement unique use cases (e.g., staking, governance, or metaverse integrations), it could attract new investors.
Risks to Consider
Speculative Nature: LUNC's rise depends more on market hype than fundamentals at this stage.
Regulatory Uncertainty: Increased scrutiny on cryptocurrencies could impact projects like LUNC.
Volatility: Sudden price fluctuations can lead to significant losses without proper risk management.
Conclusion
LUNC offers speculative upside potential, particularly in a Bull Run scenario, with achievable targets at $0.01, $0.10, and $0.50. Extreme targets like $1 and $10 require substantial market catalysts and project recovery but remain a long-term possibility in highly bullish market cycles. Proper risk management and a clear exit strategy are crucial for capitalizing on this opportunity.
Luncusdt Buy opportunityLuncusdt showcases a formation akin to a cup and handle pattern. Our strategy involves accumulating the coin within the specified accumulation zone and maintaining adherence to the designated stop-loss level.
The setup's neckline serves as immediate resistance, and a breakthrough at this level is expected to generate significant momentum. Target ranges have been outlined for both short and long-term perspectives.
We eagerly await your feedback on this setup's analysis.
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.
Update analysis of lunc/usdt by ict Hello dear trader's
Tp1 of lunc/usdt reached successfully...
Be patient for all tps
Good luck 👍
$LUNC SKYROCKET TO $0.001 IN 2025 PRICE PREDICTION BINANCE:LUNCUSDT SKYROCKET TO $0.001 IN 2025 PRICE PREDICTION
🚦LUNA and LUNC rise again. LUNA &L LUNC Price Prediction 2025 LUNA Price will touch $1 and if it's Breakout price than skyrocket and the price will upto $5-$10 in 2025.
• Bullish 2 & 4 Quarter othervwise price Stable.
🚦LUNC Price wil touch $0.0005 and if it's Breakout price than skyrocket and the price will upto $0.0007-$0.001 in 2025
• Bullish 2 & 4 Quarter otherwise price Stable.
#BinanceSquare Family #LUNAV #LUNCV #Prediction #SUBROOFFICIAL
🚦Follow Binance Square: app.binance.com copylink
Short at LUNC in Daily TimeframeNear top ascending channel of price, its suitable to short position, if it react, the price fell to support 0.000094 and more decrease about key support 0.00008
updateThe price is fluctuating in an ascending channel and entered the upper half of the channel with a momentum candle/ if the price exits the channel, it has the potential to grow up to the static resistance of 256/ the reliable support of 110 is suitable for pullback
Potential Reversal or Continuation? Key Patterns to Watch!Hello, Traders! 👋 Today, let's dive into a detailed technical analysis of LUNC/USDT on the daily chart. There are several interesting patterns unfolding that could signal the next move for this pair.
Key Patterns and Levels:
Double Bottom Formation 📈
Around the 0.000077 level, LUNC seems to have established a double bottom. This pattern is often considered a bullish reversal indicator, especially if there’s a breakout above the neckline at 0.000096. A successful breakout could open doors to higher levels, making this a crucial level to monitor.
Head and Shoulders Pattern ⚠️
Observing price action from early 2024, there’s a rough formation that resembles a head and shoulders, with a peak in early 2024. Although this pattern appears incomplete, it could indicate a potential reversal. If LUNC fails to maintain current support levels, we might see a continuation of the downward trend.
Descending Channel 📉
Since early 2024, LUNC has been trading in a descending channel, consistently forming lower highs and lower lows. This pattern often indicates a bearish continuation. However, a breakout from this channel could signal a shift in market sentiment.
Key Moving Averages 📊
The 100-day SMA (blue) is currently around 0.00008571, and the 200-day SMA (red) is at 0.00009012. The price is consolidating near these levels, suggesting that this is a decision point. A sustained move above the 200-day SMA would be a bullish sign, while a drop below the 100-day SMA could reinforce the bearish outlook.
Volume Analysis:
Volume indicators show mixed sentiment. A volume increase with an upward price movement could confirm a bullish breakout, especially from the double bottom or above the 200-day SMA. Conversely, declining volume may indicate a lack of buyer interest, supporting a bearish case.
