Terra Luna Classic (LUNC) is still suffering from bleed-out price action as Singapore authorities launch an investigation into Do Kwon. Can LUNC make a comeback this year?
With $57m in trading activity tearing through exchanges over the last 24 hours, a startling rise in volume may be what LUNC needs to bounce back.
In advance of Friday’s highly anticipated US unemployment numbers, Powell has continued to inform Congress this week. This comes amid broader crypto market FUD. Upward price movements have been further hampered by rumors of an imminent Mt. Gox release.
Today’s Lunc Price
Luna Classic’s price today is $0.0001345 USD
| DATE | Luna Classic | USD |
|---|---|---|
| Today | 01 |
$ 0.0001345
|
Terra Luna Classic Price Prediction
The price appears to have not yet benefited from the volume rise, as it is currently trading at $0.00013840 (a 24-hour change of -2.37%).
Price action appears to be headed for a comeback, though, as the protracted -35% decline from LUNC’s local high at $0.00021 meets support at $0.00014.
The revelation of a new probe into Terraform Laboratories in Singapore, however, is feeding suspicions that were already present when the SEC accused Do Kwon of fraud last month, and fundamental mood is still low.
And the bleed-out price action, which keeps making lower highs and lows, reflects this.
The RSI, which has cooled off to a highly bullish 31 level, provides some encouragement.
Given that this is the price level that provided the LUNC rally in January, this could indicate that LUNC has finally reached the bounce zone.
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