Terra Luna Classic (LUNC) Price Prediction Is Looking Bad Following Do Kwon Arrest Order

Luna Classic (LUNC) crypto

✍️ 14 September, 2022 - 12:04 👤 Editor: Jakub Motyka

  • The Terra Luna Classic (LUNC) price prediction points to a trading close to $0.00023 if the decline continues.
  • The arrest warrant for Do Kwon, founder of Terraform Labs, has generated a wave of sales of Luna's new crypto.
  • The latest news about cryptos, in our Telegram channel.

The arrest warrant for Do Kwon, the founder of Terraform Labs, hasn't done the Terra Luna Classic (LUNC) price any good. The cryptocurrency has plummeted more than 20% in the last 24 hours after learning that the South Korean authorities have issued a search and arrest warrant against Do Kwon, the figurehead of the original Terra project.

The new cryptocurrency of Luna, LUNC, has not managed to avoid the negative effect of this news on the cryptocurrency market and, specifically, on the renamed project of Terra 2.0. Worst of all, if it continues like this, the LUNC crypto price forecast does not bode well for the future of the cryptocurrency.

Terra Luna Classic (LUNC) Price Prediction Points To A Resistance At $0.00023

If it continues to decline as it has been doing in the last few hours, the price of Terra Luna Classic (LUNC) could continue its trend towards a negative forecast that would begin to reveal the first resistance up to the $0.0002 range.

Terra Luna Classic (LUNC) Resistences September 14 2022
Horizontal lines that mark some of the possible resistances that the price of Terra Luna Classic (LUNC) could encounter if the price drop that began today, September 14, 2022, continues.

Drawing a few simple horizontal lines based on previous Terra Luna Classic (LUNC) price declines, its most immediate future price forecast reveals resistance at lower levels. of 0.00023698 and 0.00022110$, respectively. If these resistances are broken down, its price could experience an even greater drop until the next resistance.

If the price of LUNC is analyzed at the end of August, one of the next resistances of the Terra Luna Classic crypto could be found in the price of $0.00012094, which would return its value to a totally flat price.

LUNC, The New Crypto That Came After LUNA, Falls More Than 20% Today

The news of the arrest warrant for Do Kwon has severely punished the price of LUNC, the cryptocurrency that recently emerged as a continuation of the original Luna project from Terra. Its price has dropped more than 20% in the last 24 hours to $0.0002877 at the time of writing this news today, September 14.

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