Terra Luna Classic (LUNC) Price Prediction Today, Next Stop: $0.0005?

Luna Classic (LUNC) crypto

✍️ 8 September, 2022 - 9:51 👤 Editor: Jakub Motyka

The Terra Luna Classic (LUNC) price today, on September 6, 2022, has received another strong upward push. In the last 24 hours, the crypto Luna (LUNC) has touched a high of $0.0004174, which represents its highest value in the last 3 months.

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The Terra Luna Classic (LUNC) price prediction reveals some clues about what could happen in the next few hours.

At the moment there is a clear sign of resistance approaching the price of this crypto, something that the price of LUNA has not yet been able to break.

Terra Luna Classic Crypto, LUNC Price Prediction Today, Sep 6, 2022

Terra Luna Classic (LUNC) is experiencing a new bullish rally in the last 24 hours. Its price has increased close to 50% again, currently trading at $0.0003813, but having reached a maximum of 0.0004174 $.

Taking a look at the forecast based on the technical analysis of the Terra Luna Classic (LUNC) cryptocurrency at TradingView, the LUNC/USD pair reveals that This cryptocurrency has not yet been able to break its next resistance, established at $0.00042.

Price LUNA crypto (LUNC) 6 september 2022
TradingView chart of LUNC/USDT price in the last 24 hours.

In order to continue its price rise in the future, even today, the Terra Luna Classic (LUNC) crypto needs to break that resistance at $0.00042. Let us remember that the market capitalization of this cryptocurrency currently reaches 2,359,368,156 dollars, with a market volume that in the last 24 hours has shot up 527% to 2,246,108,630 dollars.

You can read our long-term forecast on the crypto LUNA at this link.

Why Terra Luna Classic Has A Hard Time Reaching The Price Of $1

On the other hand, it is worth recalling the $1 price forecast for Terra Luna Classic (LUNC). As analyst Michaël van de Poppe said, it is virtually impossible for LUNC to be worth $1 per the simple reason that, for that to be possible, its market capitalization would have to reach 6.2 billion dollars.

That is to say, the LUNC crypto of LUNA would have to be worth six times more than the entire cryptocurrency market today –Bitcoin (BTC) + Ethereum (ETH) + Binance Coin (BNB) + Cardano (ADA) + ...– so that its price would reach $1.

More news about the crypto Terra Luna Classic (LUNC):

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