NEAR Protocol
Bitcoin
Puffer
Hyperliquid
ZKsync
Pudgy Penguins
Pearl
- In the last 24 hours, the LUNC crypto has been trading flat with declining volume.
- Terra Classic uses fiat-pegged stablecoins to power price stable global payment system.
LUNC is the original token of Terra, a blockchain for stablecoins. It was rebranded as Terra Classic after a depegging incident that created a new chain. LUNC is used for staking and governance on the legacy chain. It was developed by the Terra community and co-founders.
With the decrease in the crypto trading price, the market cap of the LUNC crypto has declined by 0.12% resulting in $1.19 Billion. At the time of writing, the traded volume of the crypto in the last 24 hours is $200.17 Million.LUNC has a volume/market cap ratio of 18.88%, as per CoinMarketCap.
The derivatives trading volume for the LUNC crypto has declined by 39.35%, resulting in $120.67 Million. Furthermore, the open interest has risen by 7.43% and the long/short ratio of the crypto is 0.9062. The long liquidation for the crypto is higher, resulting in $78.88K.
LUNC Token Overview
The circulating supply of the LUNC crypto is 5.84 Trillion LUNC and the total supply of the crypto is 6.82 Trillion LUNC. Its fully diluted market cap is $1.39 Billion and the holders of the token have increased by 63%, resulting in 84.38K. Additionally, the total number of transfers initiated is 804.02K.
LUNC Crypto Technical Analysis
On the weekly chart analysis, the LUNC crypto was forming lower highs on the charts. This decline in the price led to the formation of multiple crucial higher swings. Moreover, the most important swing was at the level of $0.0002116.
The crypto price has recently broken above the most important swing high. Therefore, if any bullish price action occurs over the breakout level and the price sustains above the same, we might see a huge move in the upcoming days.
LUNC/USD live Chart by TradingView
On the daily charts, the supertrend indicator gives a bullish signal for the Terra Classic crypto. Earlier, the crypto was trading in a bearish zone facing the resistance by the supertrend. The price broke above the level of $0.000063965 which resulted in a change in trend for the supertrend indicator.
The RSI is also giving a bullish signal and it is above the overbought zones. This shows that the bullish trend of the crypto is very strong and the strength in the price might continue unless the RSI falls below the 50-level.
Conclusion
LUNC, the original token of Terra, has broken above a key resistance level and has entered a bullish trend. The price has surged by over 200% and the RSI is positive. Additionally, it is following a bullish market structure and is trading above the crucial resistance levels. Therefore, the LUNC crypto price might continue to rise to higher levels in the future future.
Technical Levels
- Support levels- $0.0000068843 and $0.00011269
- Resistance levels- $0.000365260 and $0.000596640
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.
