{"id":16815,"date":"2023-06-01T14:02:46","date_gmt":"2023-06-01T18:02:46","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/terra-luna-classic-price-prediction-as-lunc-starts-forming-bullish-chart-pattern-heres-the-next-lunc-target\/"},"modified":"2023-06-01T14:02:47","modified_gmt":"2023-06-01T18:02:47","slug":"terra-luna-classic-price-prediction-as-lunc-starts-forming-bullish-chart-pattern-heres-the-next-lunc-target","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=16815","title":{"rendered":"Terra Luna Classic Price Prediction as LUNC Starts Forming Bullish Chart Pattern \u2013 Here’s the Next LUNC Target"},"content":{"rendered":"
\n

Terra Luna Classic (LUNC), the cryptocurrency which powers the original Terra blockchain that experienced catastrophe after its associated algorithmic \u201cstablecoin\u201d UST lost its 1:1 per to the US dollar last May, was last trading roughly flat on Thursday in the $0.000085 area.<\/p>\n

But LUNC has formed a potentially bullish chart pattern that LUNC holders are praying could trigger a much-needed recovery for the cryptocurrency\u2019s price.<\/p>\n

LUNC has spent the last few weeks consolidating within a pennant structure whilst also finding resistance at its 21-Day Moving Average.<\/p>\n

Should it be able to break to the north of the pennant structure and its 21DMA, a swift recovery back towards support-turned-resistance in the $0.0001160 area is a possibility, around 36% higher versus current levels.<\/p>\n

But price predictions remain downbeat for now.<\/p>\n

After all, LUNC is still stuck below its 21DMA and could just as easily break to the south of the pennant structure.<\/p>\n

This would open the door to a retest of annual lows in the $0.00008 area and a longer-term downwards drop towards June 2022 lows in the $0.000035 area.<\/p>\n

Fundamentals certainly aren\u2019t working in LUNC\u2019s favor.<\/p>\n

Readers might recall that, when UST lost its 1:1 peg to the US dollar last May, this triggered a \u201cbank run\u201d that caused a so-called \u201cdeath spiral\u201d in LUNC.<\/p>\n

LUNC\u00a0holders lost everything as the supply was hyper-inflated as UST owners redeemed their UST tokens on masse via the protocol\u2019s mint-burn mechanism.<\/p>\n

The Terra ecosystem saw an exodus of nearly all its capital, users and developers and has never recovered.<\/p>\n

LUNC represents a long-dead and gone cryptocurrency network \u2013 the disaster of May 2022 dealt a fatal blow to the Terra project and its credibility and LUNC holders might want to consider giving in and selling whilst they still can.<\/p>\n

Terra Luna Classic (LUNC) Alternative to Consider – yPredict (YPRED)<\/strong><\/h2>\n

Predicting price movements in the cryptocurrency market is difficult, even with years of experience in understanding macro, crypto fundamentals and technical analysis.<\/p>\n

Artificial Intelligence (AI) technology, which has been making significant strides in recent months, can offer a helping hand.<\/p>\n

AI models can analyze huge amounts of price data to identify trends that would have gone unnoticed by the human eye.<\/p>\n

Good models can hand traders a valuable market edge.<\/p>\n

It is thus hardly surprising that new crypto start-up\u00a0yPredict, which is building a revolutionary new AI-powered trading signals platform, has been generating massive hype in the crypto space.<\/p>\n

Using state-of-art predictive models and data insights built by top 1% AI developers and quants, yPredict\u2019s in-development platform plans to hand market participants an \u201cunbeatable edge\u201d.<\/p>\n

The platform will offer users, AI trading signals, real-time social and news sentiment analysis, AI technical analysis and AI-powered chart pattern recognition.<\/p>\n

Learn More Here<\/p>\n

To fund the development of its exciting platform, yPredict is conducting an already hugely popular presale of the YPRED crypto token that will be used to power its platform.<\/p>\n

The presale, already in stage five, is approaching the $2.0 million mark, an amazing achievement given the presale only launched a few weeks ago.<\/p>\n

Interest investors should move quickly to secure tokens while they are still cheap at just $0.09 each.<\/p>\n

When the presale hits $2.982 million and enters its next stage, that price will go up 11.5% to $0.1.<\/p>\n

The YPRED token set to list across major crypto exchanges later this year at $0.12.<\/p>\n

That means investors who get in now will be sat on paper gains of around 33% when YPRED ICOs.<\/p>\n

Buy YPRED Here<\/strong><\/p>\n<\/p><\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Terra Luna Classic (LUNC), the cryptocurrency which powers the original Terra blockchain that experienced catastrophe after its associated algorithmic \u201cstablecoin\u201d UST lost its 1:1 per to the US dollar last May, was last trading roughly flat on Thursday in the $0.000085 area. But LUNC has formed a potentially bullish chart pattern that LUNC holders are […]<\/p>\n","protected":false},"author":1,"featured_media":16816,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[243],"tags":[83],"class_list":["post-16815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-featured"],"yoast_head":"\nTerra Luna Classic Price Prediction as LUNC Starts Forming Bullish Chart Pattern \u2013 Here's the Next LUNC Target | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Terra Luna Classic (LUNC), the cryptocurrency which powers the original Terra blockchain that experienced catastrophe after its associated algorithmic\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=16815\" \/>\n<meta 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