Terra Classic is bullish today, given the sentiment seen across the cryptocurrency market in the past day. In the last 24 hours, LUNC has gained around 1.7%. At the time of writing, the token was trading at $0.000172, according to CoinGecko.
Terra Classic price analysis
Terra Classic has made a relief rally in the past 24 hours. During this time, LUNC has traded between $0.000169 and $0.000176, indicating mild volatility. The token’s trading volumes also stand at around $101 million.
LUNC is currently benefiting from the bullish support from the broader market. While an influx of buyers booking profits during the current rally could be attributed to the gains, there are signs that the uptrend could weaken and LUNC will head lower.
If LUNC can sustain the gains, we could see the token breaking past $0.000176 again and possibly targeting $0.00018 in the coming hours. The bullish thesis will be invalidated if LUNC starts to reverse and the price drops to $0.000165.
LUNC’s Relative Strength Index at 46 shows that the buying support is weakening, and the bears are fighting to regain control of the price action. However, the price chart does not indicate a sharp price reversal, showing some hesitance from the sellers. However, declines could be on the way if LUNC falls below $0.00017.
LUNC’s relief rally comes shortly after news that the former CEO of FTX, Sam Bankman-Fried, was being investigated by US authorities for market manipulation that resulted in the crash of Terra Luna and the TerraUSD stablecoin in May. The founder of Terraform Labs, Do Kwon, has also said that SBF was behind the collapse of the Terra ecosystem.
Three altcoins to buy
If you want to invest in altcoins that will deliver 10x gains, you might consider investing in some of the best presales of 2022.
Dash 2 Trade
The Dash 2 Trade presale has already raised more than $9.2 million, and more than 69% of the presale tokens have already been sold. Dash 2 Trade is a platform that will allow both beginner and experienced crypto traders to make informed trading decisions.
The Dash 2 Trade presale will end after $13.4 million has been raised. Given the rate at which the presale tokens are selling out, the presale will end soon. D2T has already confirmed listings on LBank and BitMart exchanges.
The IMPT presale is in the last stage and is scheduled to end on December 11. With only two days left before the presale closes, traders are rushing to buy the token. More than $16.8 million has already been raised.
After the presale ends, IMPT will be listed on exchanges on December 14. It has already confirmed listings on the LBank and Changelly centralized exchanges and the Uniswap decentralized exchange.
You might also consider participating in the RobotEra presale that started recently, and it is currently in the first stage. Crypto investors are rushing to participate at the current stage before the price increases in the second stage. The TARO presale has already raised over $464,000
RobotEra is a Web3 metaverse platform where players can become a robot, buy land, manage it and participate in creating a virtual world. RobotEra has a unique roadmap because as the virtual world evolves, the roadmap will also evolve according to the community input.
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Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
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- Trading Community of 70,000+ Members
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