USTC Preps For Explosive 360% Run, Crypto Analyst Reveals When

Name	Symbol	Market	Market Cap ($)	Algorithm
Terra Luna Classic	LUNCUSD	Crypto	525,573,602	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Terra Luna Classic

LUNCUSD

Crypto

525,573,602

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.00	0.00%	0.000092	0.000092	0.000092

Price Change

Price Change %

Current Price

Bid Price

Offer

0.00

0.00%

0.000092

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000093	0.000092	0.000093	0.000092	- - -

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000093

0.000092

0.000093

0.000092

- - -

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	00:38:13	400,000.00	0.000092	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

00:38:13

400,000.00

0.000092

USD

Price x Volume	Volume	Base Symbol	Related Pairs
922.54	9,995,130.62	LUNC	LUNCEUR	LUNCGBP	LUNCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

922.54

9,995,130.62

USTC Preps For Explosive 360% Run, Crypto Analyst Reveals When

12/08/2024 4:30pm

NEWSBTC

Crypto analyst Javon Marks has again provided a bullish narrative for Terra Classic USD (USTC). This time, the analyst predicted that the ‘stablecoin’ could rise by over 360% and revealed when this parabolic run would happen. When USTC Will Rise By Over 360% In a chart shared in an X (formerly Twitter) post, Marks suggested that USTC could begin its 360% parabolic run sometime this month and peak in September. The analyst explained that USTC is still holding a Bullish Divergence and multiple sets of higher lows, indicating that the token is still in a bullish environment, with a 360% recovery run on the horizon. Related Reading: Celsius Takes Legal Action Against Tether In $2.4 Bitcoin Collateral Controversy Marks added that with prices still broken out, this run could lead to USTC rising to $0.08097 and that it ” may take place at unimaginable speeds.” As part of his analysis, Marks showed that USTC’s relative strength index (RSI) is still hitting higher lows despite the token’s price decline, suggesting that bears may be losing their control with a bullish reversal on the horizon. Marks had noted in an earlier analysis how USTC showed “major recovery strength” as it recorded a price move of over 54% after confirming a key Bullish Divergence. He affirmed that a higher price rally was still in play as his $0.08097 price target remained unchanged. USTC is a decentralized and algorithmic stablecoin on the Terra blockchain. It lost its dollar peg during the infamous LUNA crash in May 2022 and dropped to an all-time low of $0.006218 in June 2022. However, since then, the stablecoin has experienced some sort of revival thanks to the USTC burns carried out by the Terra Classic community. Data from LUNC Metrics shows that 2.32 billion USTCs have been burned since May 2022, although the stablecoin still has a circulating supply of almost 5.6 billion USTC. Thanks to this, USTC is up by over 150% from its all-time low. However, it remains to be seen if the stablecoin will ever regain its dollar peg. Bullish Prediction For LUNC Marks also recently provided a bullish prediction for Terra Classic (LUNC). He stated that LUNC is “starting to look absolutely primed to go” and that the crypto token could enjoy a minimum 5.7x price gain. In another X post, he explained that LUNC’s price continues to diverge bullishly based on the On-Balance-Volume (OBV) indicator. Related Reading: Bitcoin Death Cross Threatens To Trigger Crash If Price Does Not Hold $62,000 He remarked that this could be a sign that the bears are losing power and that the bulls are getting ready to dominate the market again. He added that the price target for LUNC as it makes this parabolic run is $0.00042986. Marks had previously claimed that LUNC could rise to as high as $0.00139122 in this bull run. Featured image created with Dall.E, chart from Tradingview.com

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LUNCUSD Terra Luna Classic