LUNC Price Technical Analysis
The daily chart indicates that the LUNC price has remained within a tight range over the past few weeks. This consolidation occurred after it dropped to a low of $0.000051, where it formed a giant double-bottom pattern whose neckline was at $0.0001795.
LUNC has formed a small inverse head and shoulders pattern, a popular bullish reversal sign. There are signs that it has moved into the accumulation phase of the Wyckoff Theory.
This phase is then followed by the markup, where there is higher demand than supply. Therefore, moving above the key resistance point at $0.000072 could indicate further gains, potentially reaching the 61.8% Fibonacci Retracement point at $0.0001020, up by 58% from the current level.
The daily chart indicates that the LUNC price has remained within a tight range over the past few weeks. This consolidation occurred after it dropped to a low of $0.000051, where it formed a giant double-bottom pattern whose neckline was at $0.0001795.
LUNC has formed a small inverse head and shoulders pattern, a popular bullish reversal sign. There are signs that it has moved into the accumulation phase of the Wyckoff Theory.
This phase is then followed by the markup, where there is higher demand than supply. Therefore, moving above the key resistance point at $0.000072 could indicate further gains, potentially reaching the 61.8% Fibonacci Retracement point at $0.0001020, up by 58% from the current level.
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The $LUNC recovery will not be stopped. Smash the like button if you #LUNC holder!❤️
Show your $LUNC power💪
Keep burning $LUNC ❤️🔥❤️🔥
#Crypto #LUNC #LunaClassic #LUNCBURN
Show your $LUNC power💪
Keep burning $LUNC ❤️🔥❤️🔥
#Crypto #LUNC #LunaClassic #LUNCBURN
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There is discussion about reactivating the market module on the Terra Classic chain. Reactivating the connection between $LUNC and $USTC will level up the Terra Classic chain.
After the LUNA/UST crash, the market module was closed and the chain started to be controlled manually.
There are also validators who have reservations about reactivating the market module that led LUNA/UST to its collapse.
The LUNA/UST crash was a great lesson and a great test. All the weaknesses that led Terra to its collapse are now known.
Even discussing the activation of the market module is very valuable... The market module that brought Terra to the top also triggered the collapse. Now, all its deficiencies are known and are being fixed.
When $LUNC and $USTC come back; they will be much stronger than LUNA and UST. The Terra Classic chain will emerge much stronger.
After the LUNA/UST crash, the market module was closed and the chain started to be controlled manually.
There are also validators who have reservations about reactivating the market module that led LUNA/UST to its collapse.
The LUNA/UST crash was a great lesson and a great test. All the weaknesses that led Terra to its collapse are now known.
Even discussing the activation of the market module is very valuable... The market module that brought Terra to the top also triggered the collapse. Now, all its deficiencies are known and are being fixed.
When $LUNC and $USTC come back; they will be much stronger than LUNA and UST. The Terra Classic chain will emerge much stronger.
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