Terra Luna Classic (LUNC): How Easy Can The Price Double To $0.0008?
✍️ 12 September, 2022 - 8:56 👤 Editor: Jakub Motyka
- The latest Terra Luna Classic (LUNC) price predictions have put the target at $0.0008.
- Will the price of the Terra Luna Classic crypto, LUNC, reach a price of $0.0008 in the future?
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The price of Terra Luna Classic (LUNC) has experienced days of great increases in recent days, but has now stabilized at $0.0004095. After having registered a monthly high price of $0.0005482, it is a good time to sit down and make a future forecast: will the Terra Luna Classic crypto LUNC reach a price of $0.0008?
September has been a great month for the LUNC cryptocurrency of the reborn Terra Luna Classic project. It was last September 7 when it reached its monthly maximum of $0.0005482, and now it is logical to ask questions about the price of this crypto in the future. Especially with the $0.0008 target in sight.
Terra Luna Classic (LUNC) $0.0008 Price Prediction
To know if the Terra Luna Classic (LUNC) price forecast reaching $0.0008 in the future is feasible, we must first start by talking about the current figures of this cryptocurrency.
The LUNC crypto of Terra currently has, today September 12, a market capitalization of 2,519,613,823 dollars, with a volume that in the last hours has been 874,456,629 dollars, which represents a drop of 46.29% compared to the last 24 hours.
Although the bad news from Binance has caused its price to drop, from a technical point of view the price of Terra Luna Classic (LUNC) is still very strong. To begin with, this cryptocurrency has already shown that it is capable of overcoming the resistances of 0.000363, 0.000388 and 0.000434 dollars, respectively, which has been found in its bullish rally.
For Terra Luna Classic (LUNC) to be able to reach $0.0008 in price in the future, it would therefore first be necessary to achieve overcome and stay away from the $0.000434 resistance. Something that, at this time, has not yet been achieved.
Thus, if in addition the price of the crypto LUNC manages to break the next resistance of 0.000489 dollars, and also exceeds its monthly maximum of $0.0005482, the Fibonacci rule indicates that the price forecast for Terra Luna Classic in the future would be prepared to jump to 0.00088 dollars.
Price Of Terra Luna Classic (LUNC) Has Increased By 59.64% In The Last 7 Days
We must remember the bullish rally that the price of Terra Luna Classic (LUNC) is experiencing in the last 7 days. It has registered an increase of 59.64% in price in this period, after having begun to rise from its weekly minimum price of $0.0002542 that it marked on September 5th.
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