Terra Luna Classic Price Prediction - Is LUNC Oversold and Ready for Recovery

LUNC is bearish today, dropping 4.4% in the last 24 hours. LUNC is currently down by 25% over the past week amid the massive downtrend that rocked the market after the collapse of FTX. At the time of writing, LUNC was trading at $0.000171, according to CoinGecko.

Terra Classic price analysis

In the last 24 hours, LUNC has traded between $0.000159 and $0.000180. The substantial volatility in the token could continue in the coming days if LUNC follows the trend across the broader cryptocurrency market.

While LUNC has recorded a massive plunge this year, the token still ranks among the top 40 largest cryptos by market cap. LUNC has a market capitalization of $1.1 billion. The recent bearish sentiment is not different from what has been reported in the broader market.

If LUNC continues the bearish sentiment, support will likely be at the $0.00015 level again. A bearish trend is a more likely outlook, given that the broader market is still reacting to the news that caused the collapse of the FTX cryptocurrency exchange.

FTX’s collapse has triggered losses across the entire sector, with most coins reporting double-digit losses over the past week. However, as the news settles, volatility in the crypto space has dropped significantly. It is now likely that LUNC’s price will consolidate before another macroeconomic factor triggers the next rally.

If LUNC decouples from the broader market and makes an independent bull run, resistance at $0.00018 will be retested, and LUNC bulls could attempt to erase one zero and take prices to $0.001.

Terra Classic price chart

The LUNC price chart shows a slight recovery in the token. The recovery happened when the broader market rallied after Binance announced an industry recovery fund supporting strong projects with liquidity issues.

The relative Strength Index (RSI) for LUNC stands at 40, indicating that a bearish sentiment is in play. The same sentiment can be seen with the Moving Average Convergence Divergence (MACD) line, which is currently below the signal line.

Altcoins to buy for 10x gains

LUNC’s price is bearish today. Therefore, investors are looking for the best cryptos to invest in for 10x gains. Some of the altcoins you should consider investing in today are Dash 2 Trade and RobotEra.

The Dash 2 Trade community has grown barely a month since this project was launched. With a Twitter following of more than 45,000 people, it is clear that once the platform is fully launched, it could take over the market.

The large community following has seen the D2T presale selling out. More than $6.1 million has been raised, with the presale currently in the third stage. Industry leaders are also showing interest in D2T; the token is set to list on LBank and BitMart after the presale ends.

RobotEra is one of the best gaming tokens in the market today. The project has just launched, giving crypto traders a unique opportunity to be early investors. RobotEra has an exciting roadmap that will involve new quarterly updates to ensure that its metaverse emerges as one of the best in the web 3.0 & crypto space. The presale is just a few days old.

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