Terra Luna Classic Price Prediction as LUNC Turns Green – Here's Where LUNC is Headed Now
23 Feb 2023 01:06 AM
By Simon Chandler | @simon-chandler
The Terra Luna Classic price has risen by 1.5% in the past 24 hours, reaching $0.0001648 as the wider market rises by a similar percentage. It has now fallen by 6% in a week and by 8.5% in the last 30 days, as a mixture of the SEC's actions against Terraform Labs and struggling investor sentiment pulls it down.
Despite recent falls, LUNC is likely to rally again in the near future, with the Terra Luna Classic community coalescing around proposals for boosting the altcoin's price.
Terra Luna Classic Price Prediction as LUNC Turns Green – Here's Where LUNC is Headed Now
LUNC's indicators suggest that it may be due a rebound after a difficult week or so. Its 30-day moving average (red) had dropped below its 200-day (blue), and once it bottoms the coin may indeed mount a recovery.
In addition, LUNC's relative strength index (purple) has bounced up to 50, after having spent a couple of days sinking to just below 30. As such, this rising momentum may hint at a bigger rally to come in the next day or so.
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