Terra Luna Classic Price Prediction - LUNC Collapses 7% to $0.0001553, Time to Sell

Terra Classic is on a bearish trend today after dropping 7.3% in the last 24 hours. The token is performing in tandem with the broader cryptocurrency market, where the total market capitalization has dropped 2.5% in the last 24 hours.

Terra Classic price analysis

Terra Classic has failed to break free from the bearish trend across the broader cryptocurrency market. In the past two weeks, LUNC has dropped by around 32%, indicating that it is yet to recover from the crash in crypto prices triggered by the collapse of FTX.

In the last 24 hours, LUNC has traded between $0.00015 and $0.00016, indicating substantial volatility. The token has reported trading volumes of more than $122 million. LUNC is currently the 46th largest cryptocurrency, with a market cap of $931 million.

If LUNC fails to recover from the current downtrend, the token will plunge towards $0.00012. Given the current lack of buying support because of the dropping investor confidence, it is likely that LUNC will continue testing lower lows.

Terra Luna Classic Price Prediction - LUNC Collapses 7% to $0.0001553, Time to Sel

The technical indicators show that LUNC is trading in a neutral zone, and the volatility will likely drop as neither bulls nor bears seek control. The Relative Strength Index at 50 shows that LUNC is neutral, where it is not overbought or oversold.

The same outlook is seen in the MACD line, which is moving at par with the signal line. The MACD line also shows that the bulls had attempted to gain control, but the trend quickly reversed amid broader market volatility.

Terra Classic fills the active validator set

The Terra Classic network has filled the active validator set with 130 validators. This was the first time the network achieved this milestone since the collapse of Terra in May.

This could be a bullish sign for LUNC, given that anyone that wants to become a validator will have to have more staked LUNC than the validator holding the 130th position. Therefore, competition between active validators that want to participate in network consensus and generate rewards could result in LUNC gains.

Two altcoins to buy today

If you are weary of not seeing any action in LUNC’s price trend, you should consider investing in some of the best presales today. Two altcoins to buy today include Dash 2 Trade and RobotEra.

Dash 2 Trade is a project running on the Ethereum blockchain. It is an intelligence platform where crypto traders can access real-time analytics and social trading tools to help them make winning trades. The Dash 2 Trade presale has gathered a lot of momentum, and so far, $6.7 million has been raised. The token has also confirmed listings on LBank and BitMart at the end of the presale.

RobotEra is another presale that you should also check out today. It is also an Ethereum-based metaverse project where players can create robots and participate in developing the virtual world. An alpha version of this Sandbox-like metaverse will be unveiled in Q1 2023. The RobotEra presale has raised more than $160,000.

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