- In the last 30 days, the LUNC coin price has advanced by 266.6%.
- The derivative trading volume of the Terra Classic has witnessed a decline in the last 24 hours.
LUNC is the native token of the Terra blockchain, which was renamed Terra Classic after a de-pegging incident. It is used for staking and governance on the Terra Classic network and as collateral for the Terra Classic stablecoins.
This coin is part of the Terra ecosystem, which aims to create a new financial infrastructure with algorithmically stabilized stablecoins. LUNC’s current status and future plans are uncertain and might need further research.
This cryptocurrency has witnessed a decrease of 10.42% in the trading price for the last 24 hours. Following this, the spot trading volume of the LUNC crypto has also witnessed a decline of 19.03%.
The current market volume ranking of the LUNC coin, as per CoinMarketCap, is #12. Its market cap is $1.39 Billion and the market cap rank is #46, with a market cap dominance of 0.087%.
Additionally, the LUNC crypto has a fully diluted market cap of $1.62 Billion, derived from a circulating supply of 5.84T LUNC. Furthermore, the crypto has a maximum supply of infinity.
TVL Trend Of LUNC Crypto
The total locked value of the Terra Classic crypto was trading flat for a long time. Moreover, it has witnessed sudden advances in recent times resulting in a total TVL of $7.04M.
Technical Analysis of LUNC Crypto
The LUNC crypto was following a strong downtrend for a long time. It has led to a huge decline in the price, forming lower low swings on the weekly chart. Following the most recent scenario, the Terra Classic crypto price has broken above the crucial change of character level. It has led to a break of structure leading to a change of trend to bullish.Â
LUNC/USD Chart by TradingView.com
Considering the indicators on the daily chart, the LUNC token price is advancing to higher levels following a golden cross. The price is trading 130% above the 50-day EMA. Thus, the crypto price might decline for a retracement to lower levels but the overall trend is bullish.
The RSI of the LUNC crypto is trading above the overbought zones, indicating a strong uptrend. The value of the RSI also has advanced above the 14-day SMA level.
Conclusion
The LUNC coin has shown a bullish trend, breaking above a key resistance level and gaining more than 130% since the recent low. Its price is also supported by the golden cross of the EMAs and the RSI indicator. This coin has a lot of potential to grow further, as it offers a secure and immutable platform for decentralized applications.
Therefore, we might get to see higher levels in the LUNC crypto price.
Technical Levels
- Support levels– $0.000052750 and $0.000187080
- Resistance levels– $0.000433950 and $0.000593690
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.
