Terra Luna Classic Price Prediction as LUNC Jumps 10% – A Sign of Growing Interest?
The Terra Luna Classic price has bounced by almost 10% in the past 24 hours, rising to $0.00012765 as the wider market gains by a more modest 1% today.
Despite this gain, LUNC remains down by 11.5% in the past week and by 38% in the last 30 days, with the coin also down by 17% in the past year.
This means that LUNC has displayed some pretty disappointing performance in recent months, especially in contrast to most other major tokens.
However, its jump today could be a sign of returning interest, with the coin’s undervalued status potentially making it attractive to traders.
It’s arguable that LUNC has reached a point where it now has to rally, given how much the market has oversold it in recent weeks.
Its RSI (purple) had been descending towards 40 prior today’s rally, leaving it in a position where it could see a buy-the-dip bounce.
Meanwhile, its 30-day average (yellow) has been flat for several days now, and while some may argue it’s due to fall towards or below the 200-day average (blue), it’s also possible that its stagnation in recent weeks is a prelude to a rally.
It really could go either way as far as LUNC is concerned, given its disappointing performance in the past year or so.
It’s also concerning that its price has more or less consistently declined since its early December rally, whereas most major tokens have seen recurring rallies in the past month.
Such a decline signals a loss of interest from traders, with the coin’s trading volume currently at around $160 million, compared to over $500 million in early December.
As such, it’s fair to say that LUNC is struggling to capture the market’s attention right now, with the Terra Luna Classic community doing little in recent weeks to inspire confidence.
The vote on
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