LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

Name	Symbol	Market	Market Cap ($)	Algorithm
Terra Luna Classic	LUNCUSD	Crypto	794,073,160	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Terra Luna Classic

LUNCUSD

Crypto

794,073,160

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00000300	2.21%	0.000139	0.000138	0.00014

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00000300

2.21%

0.000139

0.000138

0.00014

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000143	0.00013	0.000136	0.000136	0.000028 - 0.000323

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000143

0.00013

0.000136

0.000028 - 0.000323

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	07:27:05	51,017.10	0.000139	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

07:27:05

51,017.10

0.000139

USD

Price x Volume	Volume	Base Symbol	Related Pairs
500,691.17	3,746,821,233.28	LUNC	LUNCEUR	LUNCGBP	LUNCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

500,691.17

3,746,821,233.28

LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says

05/02/2024 11:00pm

NEWSBTC

Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed by crypto analyst Ava Cryptoo on TradingView. This Falling Wedge Breakout is significant as it often precedes some of the most significant rallies in cryptocurrencies, such as LUNC. Related Reading: Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price? The price of the altcoin is currently retesting the significant resistance at $0.000115. Now, this level is significant because rejection from this level had initially stopped the LUNC price breakout on Saturday. Now that the price is starting to retest it again, it shows that the bulls are far from done with this altcoin. Source: Tradingview.com In a scenario where the LUNC price successfully retests and breaks above this level, then the crypto analyst expects that the price will more than double from its current level. They put the price target for the altcoin as high as $0.00022, and the timeline for this is shown to be a matter of days. However, all of this hinges on the fact that the price makes a “Perfect Retest” and breaks out completely. Token price climbs to $0.000114 | Source: LUNCUSDT on Tradingview.com Why Is The Altcoin Rallying Amid Low Market Sentiment? The LUNC price breaking out during such slow market movements suggests an end to the accumulation that happened below $0.0001. In addition to this, Binance carrying out its scheduled LUNC burn contributed to the rise in price that was seen this weekend. Binance, the largest crypto exchange in the world, has been committed to burning LUNC tokens realized from fees in an effort to help reduce its vast supply. The latest burn which took place on February 1 saw approximately 2.1 billion tokens performantly removed from circulation. Related Reading: Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over? This is the 18th burn that the crypto exchange has carried out, each time removing hundreds of millions to billions of tokens from circulation. Following this burn, the crypto exchange has helped the LUNC burn figure cross the 51 billion threshold. A wave of excitement naturally followed the monthly burn as the price started to rise rapidly. The LUNC trading volume reportedly surged more than 700% at the time, at first triggering a 10% increase in price. By the time the weekend was over, the LUNC price had already risen more than 20%, and continues to hold on to the majority of its gains. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet… Featured image from Dall.E, chart from TradingView.com

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
FTSE Indices
Euronext
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Forex
Precious Metal

	Real-time Prices	Level 2
London Stock Exchange
Chi-X Europe
BATS Europe
Aquis Exchange
New York Stock Exchange
NASDAQ
American Stock Exchange
Dow Jones Indices
Precious Metal

Market Data

News

Trading Tools

Markets

Discover

Hot Features

Follow Feed

Options Flow

Monitor

LUNCUSD Terra Luna Classic