Terra Luna Classic Crypto Price Prediction 2022 - Can LUNC Rocket to $0.00088?

cryptonews.com:

Terra Luna Classic (LUNC) is now trading in a healthy consolidative retreat at $0.000442, currently down 25% from the $0.00059 swing high achieved on the 7th of September.

The battle for control between the bulls and bears is still finding equilibrium but there is still scope for LUNC to push towards $0.00088.

Can Terra Luna Classic maintain positive price momentum? 

Fundamental analysis could suggest that a recent Tweet caused deleterious effects for the price of Terra Luna Classic (LUNC) on the 9th of September. 

The 9th of September is where Terra Luna Classic lost a key level of support within a symmetrical triangle leading to loss of price structure. This resulted in a 28.87% pull back in price.

It is speculated that much of the hype and euphoria surrounding the positive price momentum of Terra Luna Classic surrounds the idea that Binance will integrate the 1.2% tax burn mechanics on their exchange. 

The community has recently lost morale and are feeling rather disappointed as it seems like this may no longer be the case.  

This has had a detrimental impact on the sentiment and investor appetite as Binance holds the greatest amount of market dominance for the LUNC/Fiat trading pairs achieving an incredible 46.15% of all trading volume.

With no tax burning mechanics being integrated it means that the previously speculated amount of supply that will be burned in the ecosystem will no longer happen (for now). 

From a technical analysis perspective Terra Luna Classic (LUNC) is still looking strong despite the negative news and fear amongst holders. 

Terra Luna Classic (LUNC) has now written in three key support levels: $0.000363, $0.000388 and $0.000434 which it must respect and hold in order to prevent further continuation to