Terra Luna Classic (LUNC) has been lagging today and unfortunately hasn’t seen a major bounce in the crypto markets like other altcoins. We are still seeing rejection for Terra Luna Classic (LUNC) consistently at the $0.001 resistance level.
Bitcoin has seen positive price momentum following the consumer price index report and is now striving to repossess the $25,000 price levels. If Bitcoin can maintain the uptrend we might see LUNC consolidate further at these price levels.
Is Terra Luna Classic going to pump and what are the alternatives?
Terra Luna Classic (LUNC) Crypto Price Prediction 2022
The majority of the crypto market is in green today as Bitcoin pumps back through the $24,000 price levels. Many bluechip cryptocurrencies have flashed green today as the market sentiment flips bullish and euphoric.
Terra Luna Classic almost seems like it has been left behind as it loses 3.08% value against Ethereum and 3.94% value against Bitcoin. According to coinmarketcap Terra Luna Classic (LUNC) has a market capital of $645 million and has moved up a position to rank #231 against other cryptocurrencies.
Currently on the 5-minute time frame Terra Luna Classic (LUNC) has just lost the support level of $0.0000986 and dropped as low as $0.00009786. Whilst bearish, the length of the wick at the bottom of the candle does reflect a lot of trading volume as the price quickly recovers.
If Terra Luna Classic can gain enough momentum we may see a bullish reversal back to around $0.0000986. Luckily, Terra Luna Classic has still printed a green candle on the daily time frame for now but we could still close in red.
Lunc/Usdt – 5-Minute Time Frame.
If the cryptocurrency markets can remain positive over the next few weeks I expect to see Terra Luna Classic break back through the $0.000101 resistance level in September. If we can gain enough accumulation at these levels a pragmatic target by Q4 2022 could be revisiting $0.000118 price levels.
Will Terra Luna Classic Pump Soon?
From a technical analysis perspective LUNC has now potentially reached the bottom of its correction. On the 29th June 2022 Terra Luna Classic rallied to $0.000167. Only a few days ago we corrected down to the 0.786 Fibonacci retracement range and instantly got a bullish reversal.
This is a strong indicator that Terra Luna Classic (LUNC) has a tremendous amount of support at this range. Currently Terra Luna Classic is hovering just above the golden pocket Fibonacci retracement range around the 0.618 level.
Lunc/Usdt – Daily Time Frame.
I speculate once Terra Luna Classic has enough supply burnt we could see a new attempt at breaking the previous local high of $0.000167. If we use the Fibonacci extension tool we can roughly forecast a realistic technical target upon a bullish breakout which would need to be confirmed with healthy trading volume.
Lunc/Usdt – Daily Time Frame.
Should Terra Luna Classic gain enough momentum over the next few weeks I think a realistic price target for 2022 is around $0.000223. On the 9th June 2022 LUNC rallied over 300% to it’s local high before correcting.
If Terra Luna Classic can achieve $0.000223 this year it could offer a modest but generous 131% returns for LUNC holders. Hyper-bullish targets exceed the $0.0004 price levels according to the Fibonacci extension, though I think there are too many negative externalities suppressing a major bull market at the moment macroeconomically.
Terra Luna Classic Video Analysis
Holding Terra Luna Classic through to the next crypto bull run could also offer prosperity for holders as a $650 million market capital is relatively low in the crypto world. This is why we could still see a 10-20x from current price levels.
Terra Luna Classic is currently available on the eToro platform.
Cryptoassets are a highly volatile unregulated investment product.
Stronger Alternatives to LUNC?
Will Terra Luna Classic (LUNC) offer strong rewards for traders and holders this year? It is quite hard to pinpoint exactly where the price of LUNC will go with limited historical data. Holders have reacted to a massive amount of FUD since the Terra Luna Crash in May 2022, and this event still has a negative impact on the price and recovery of the Terra Luna ecosystem today.
A potentially strong substitute for holding cryptocurrency such as Terra Luna Classic (LUNC) and hoping that it may reach euphoric tops once again is to consider a new crypto project in it’s presale. For example investing in BTC at current price levels may only now offer a 400-500% return, however, successful pre-sales can offer returns in excess of 1,000%.
Recently entering the crypto market is a new deflationary, tax free, utility based meme coin known as Tamadoge. This invigorating meme coin ventures into the play-to-earn and metaverse sector offering exciting rewards and NFT’s for players.
With cryptocurrency it isn’t always fundamentals alone that can trigger a parabolic rally. Sometimes the most exhilarating gains come from community-based tokens where appeal from the masses creates network value.
Investing in a presale does entail higher risk, however, because the market capital of the project is much lower it means there are much greater chances of seeing a 10-100% once it reaches centralized and decentralized exchanges.
Tamadoge is a dog themed crypto which has not yet been over exhausted or hit euphoric tops such as other dog crypto projects such as Shiba Inu or Dogecoin. This means the upside potential could be massive.
A good bear market strategy I like to explore is speculating altcoins which are in their presales. This is more likely to be a profitable venture as opposed to holding onto Terra Luna Classic and just hoping that the price recovers, that is if Terra Luna can even restore the lost faith and trust of its community first.
Related
Tamadoge (TAMA) – Next Big Meme Coin
- Beta Sale Ends Sept 2022 – tamadoge.io
- Deflationary, Low Supply – 2 Billion
- Move to Earn, Metaverse Integration on Roadmap
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- Play to Earn Utility – Rewards Token
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