Ali Raza
Terra Luna Classic is bearish today. In the last 24 hours, LUNC has dropped by 3.9%, trading at $0.000166 at the time of writing. The token is mimicking a similar trend as the broader cryptocurrency market, given that the total crypto market cap has dropped 1.5% over the past day.
Terra Classic price analysis
LUNC is trading lower today. Traders are attributing this downside to the bearish performance of the global cryptocurrency market. In the last 24 hours, LUNC has traded between $0.000162 and $0.000173, showing mild volatility. Despite the recent decline, LUNC is still up by 3.5% in the past week.
If the price decline continues, bears will target support levels at $0.00015. If the price breaks below this level, there is a likelihood that more declines could be on the way, and LUNC will plunge toward the $0.00010 level.
LUNX has reported trading volumes above $79 million in the last 24 hours. Most of these volumes could be attributed to the selling pressure as anxiety grows in the market. Nevertheless, bullish traders are still hopeful that LUNC could erase one zero before the end of the year.
The LUNC price chart shows that while the price is declining, there is neutrality between the bulls and the bears. The token has a Relative Strength Index (RSI) of 49, showing that the bulls and the bears are fighting for control.
A similar trend can also be seen in the Moving Average Convergence Divergence (MACD) line, which is moving at par with the signal line. This movement shows that the price could continue consolidating at the current levels.
LUNC investors are anxious to see whether the token will make 2x gains by the end of the year. Given the current price of the token, LUNC needs to rally toward $0.00032. The lifting of COVID restrictions in China and the easing of interest rate hikes by the US Federal Reserve could trigger gains in risk assets such as cryptocurrencies like Terra Classic.
Best presales to invest in today
As LUNC remains bearish today, crypto traders are looking for the next coins to buy for 10x gains. Some of the best presales to invest in today include the following:
Dash 2 Trade
Dash 2 Trade is a platform providing social sentiment data, on-chain analysis, and other tools to help novice and experienced traders make informed trading decisions. The platform is nearing its launch.
The Dash 2 Trade presale is in the final stage. The presale has raised more than $8.9 million, and 68% of the presale tokens have already been sold, which means the presale will end soon.
IMPT
The other presale attracting much attention is IMPT. IMPT is a platform where users can buy, sell and retire carbon credits. The IMPT presale is also in the last stage, and only four days are left before the presale closes.
The IMPT presale has already raised $15 million as investors wait to make gains after the token is listed on exchanges on December 14. IMPT has already secured listings on Changelly, LBank, and Uniswap
Calvaria
Crypto investors are also investing in the Calvaria p[resale. Calvaria is a blockchain gaming project seeking to bridge the gap between traditional and blockchain gaming. The Calvaria presale is currently in the last stage.
The presale has already raised more than $2.25 million, and it will end after $3.075 million has been raised. The presale is already 73% complete, after which RIA will also be listed on exchanges.
Related
- Terra Luna Classic LUNC Price is Falling But These 3 Coins Can 10x
- What is Terra Luna? Why did it Crash 99.9%?
- Where to Buy Terra Luna – Beginner’s Guide
Dash 2 Trade - New Gate.io Listing
- Also Listed on Bitmart, Changelly, LBank, Uniswap
- Collaborative Trading Platform Token
- Featured in Bitcoinist, Cointelegraph
- Solid Proof Audited, CoinSniper KYC Verified
- Trading Community of 70,000+ Members
This article was written for Business 2 Community by Ali Raza.
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