Luna Classic (LUNC), the cryptocurrency that drives the original but not quite defunct Terra blockchain ecosystem, suffered greatly from last Friday’s crypto market decline caused by worries over Silvergate Bank.
The price of the cryptocurrency has stabilized in the mid-$0.00014 range after falling more than 10% on Friday from close to $0.00017 to about $0.00015..
Today’s Lunc Price
Luna Classic’s price today is $0.0001417 USD
| DATE | Luna Classic | USD |
|---|---|---|
| Today | 01 |
$ 0.0001417
|
Terra Luna Classic Price Prediction
At $0.0001550, which had previously served as a crucial support level, could now be seen as a zone of short-term resistance. Traders are also keeping an eye on support in the form of a late 2022 low, which is just under $0.00014.
LUNC bulls will be hoping the cryptocurrency can continue to find support above this level, as was the case last Friday, as the larger cryptocurrency market stabilises ahead of a busy week of macro events, including a barrage of important US jobs data and a testimony from Fed Chair Jerome Powell before the US Congress.
A retest of the late 2022 lows in the $0.000127 area would become a strong probability if this support area failed. That would increase the decline in LUNC’s value since its peak in 2023 of about $0.00021 to a staggering 40%.
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