Terra Luna Classic Price as LUNC Rallies 70% in 7 Days – $1 LUNC Possible?
The Terra Luna Classic price has shot up by 13.5% in the past 24 hours, reaching $0.0002135 as the crypto market as a whole remains static today.
LUNC has now rallied by close to 70% in the past seven days, with the alt also recording an 89% gain in a month.
Yet, with the coin up by only 46% in a year, it’s clear that it still has space for further gains in the near future.
It has also taken support from Do Kwon’s recent success in avoiding extradition to the US, something which may bode well for the future of LUNC.
Based on LUNC’s chart, it’s possible that LUNC may now correct a little before rallying again, with some of its indicators suggesting a loss of momentum.
In particular, its relative strength index (purple) has declined from 70 a few days ago to just under 60 today, with the direction being downwards.
On the other hand, LUNC’s 30-day average (yellow) continues to rise steadily and outpace its 200-day (blue), indicating that it remains with a growth phase.
It’s also encouraging that its trading volume has risen to $800 million in recent days, up from only $35 million as recently as last week.
#LUNC • Wonderful cup and handle in progress. The (under)water level is also present
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