Terra Luna Classic Price

Terra Luna Classic (LUNC) has lost bullish momentum over the last week, significantly dropping in price by over 50% from the local high of $0.00059. According to Coinmarketcap Terra Luna Classic is trading at $0.000361 and has a market capital of $2.23b.

Whilst LUNC is looking rather bearish on the weekly time frame Terra Luna Classic is up 7.32% whilst the majority of the crypto market is in the red.

Is Terra Luna Classic likely to pump again?

Terra Luna Classic (LUNC) Price Prediction 2022

As usual, Terra Luna Classic has been delivering volatile price action as the euphoria begins to wear off. Just recently LUNC lost a key support level at $0.0003991 from a bearish reversal pattern known as a head and shoulders.

LUNC printed a swing low down to $0.000291 and then forged a v-shape recovery on the price charts back up to $0.0003884 before seeing a rejection to current price levels. Currently, on the 4-hour time frame Terra Luna Classic (LUNC) is trading below the 20-day moving average which could imply that we are in a short term downtrend.

Should LUNC get dragged down by the bearish sentiment in the crypto markets and if Bitcoin loses major support levels, we could see LUNC retest the $0.000291 price levels.

Terra Luna Classic Head and Shoulders Pattern

LUNC/BUSD – 4 Hour Time Frame.

As we can see, from the 8th of September LUNC got rejected at $0.000593. Terra Luna Classic (LUNC) has since then created lower highs which might reflect that the bulls are temporarily losing control.

However, from a technical analysis perspective Terra Luna Classic doesn’t seem to be doing anything too abnormal. LUNC had been over-extended on the 20-day moving average for some time and all of the signs it has been overbought have been right in front of us.

Terra Luna Classic Fibb Levels

LUNC/BUSD – Daily Time Frame.

The bullish perspective shows us that Terra Luna Classic (LUNC) has healthily bounced from the 20-day moving average trendline, as displayed in the image above.

We can also see that Terra Luna Classic (LUNC) has bounced off of the 0.618 Fibonacci retracement level which seems almost too good to be true.

With volatility and market euphoria comes larger corrections, so this could still be merely a pull back for LUNC where we could see further accumulation followed by another pump to the upside.

Terra Luna Classic Video Analysis

If Terra Luna Classic can regain momentum there might be a chance that it could retarget the $0.00059 price levels. A close above $0.00059 would mean LUNC would go into price discovery mode where the price could pump between $0.00075 and $0.001 over the next few months.

It is important to remember that September is notorious for being a very bearish month for crypto and we see some of the worst Bitcoin performance in this month. Historical data suggests that October, November and December are usually much more fruitful.

Terra Luna Classic Alternative Tamadoge Better Choice?

You could argue that Terra Luna Classic has now been exhausted, after all, since June LUNC provided over 1,250% gains for investors who got in early enough.

A potentially strong alternative to LUNC for the remainder of 2022 known as Tamadoge is set to hit the crypto markets following its presale in Q4 2022, forecasted for October.

Tamadoge is a unique deflationary play-to-earn meme coin which taps into the metaverse sector and allows players to raise and nurture their very own Doge NFTs. In addition to this, players can climb the Tamadoge leaderboards and capitalize more TAMA by exploring the Tamaverse which is captivating, immerse and is packed with replay value.

So far, Tamadoge has already raised an incredible $15,894,473 in its 6th week of presale and is on pace to sell out soon. This is particularly impressive during a crypto bear market as it reflects strong traction for the ICO.

With only a 2 billion maximum supply the possibility to see a $1 TAMA price is very real. Tamadoge also offers zero tax on all transactions which makes it very appealing from the start, the only cost would be Ethereum gas fees required for the transaction.

Tamadoge will be deployed on Uniswap as an erc-20 token and shortly after this we will see Tamadoge get listed on the Lbank centralized exchange where holders anticipate a potential strong pump to the upside.

Transparency and security is an integral part of the Tamadoge ecosystem. Already, Tamadoge holds the accolade of being fully audited by Solid Proof and is verified by Coinsniper. This ensures Tamadoge is 100% secure and creates safety and trust for the holders.

Those who are interested in participating in the Tamadoge presale can navigate to buy.tamadoge.io and simply connect a MetaMask or TrustWallet to the official website. After successfully connecting a wallet on the Ethereum mainnet, all you need to do is convert either Ethereum or USDT into Tama tokens. These can be claimed once the presale has finished.

If you’re keen to learn more about the Tamadoge white paper and ecosystem, click here.

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