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Reading: Market Participants Anticipate the Impact of U.S. Elections on CEEK, LUNA, and LUNC Coins
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COINTURK NEWS > Technical Analysis > Market Participants Anticipate the Impact of U.S. Elections on CEEK, LUNA, and LUNC Coins
Technical Analysis

Market Participants Anticipate the Impact of U.S. Elections on CEEK, LUNA, and LUNC Coins

In Brief

  • Market participants await the U.S. elections' effect on cryptocurrency prices.

  • CEEK, LUNA, and LUNC Coins show signs of significant decline.

  • LUNA and LUNC struggle amidst fundamental issues and lack of community support.

Ömer Ergin
Ömer Ergin 8 months ago
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Cryptocurrency enthusiasts experienced numerous exciting events this year, including SEC ETF approvals and the Federal Reserve officially beginning interest rate cuts. Currently, the next major event appears to be the U.S. elections, with market participants eagerly awaiting the outcome. The announcement of the new U.S. President is expected shortly. What are the latest predictions for CEEK, LUNA, and LUNC Coins?

Contents
CEEK Coin AnalysisLUNA Coin ForecastLUNC Coin Predictions

CEEK Coin Analysis

The decline continues for CEEK Coin, which is not surprising. For months, discussions have indicated that CEEK Coin could test new all-time low (ATL) levels. Currently, the price is nearing the $0.025 mark, with potential trials at $0.02 and lower in the coming days. As the Bitcoin $105,240 price hovered around $67,841, the current weakness in altcoins is not unexpected.

Considering the known issues surrounding CEEK Coin, witnessing new ATL levels here is also not shocking. Besides the waning excitement in the metaverse sector, it is well-known that the community has been unresponsive to the project for a long time.

LUNA Coin Forecast

Another altcoin in search of new ATL levels is LUNA Coin. As many popular cryptocurrencies face significant losses, assets like LUNA and LUNC are struggling even more. In such altcoins, technical analysis holds little value. As fundamental issues plague some altcoins, the short-term movements become less significant as they head toward their inevitable end.

If LUNA Coin can close above $0.407, it may target $0.496 and $0.559. However, deeper lows are expected in the normal course, as the liquidation of Terraform Labs represents a path of no return, making it challenging for LUNA to survive in a competitive environment.

LUNC Coin Predictions

LUNC Coin has largely moved sideways for 140 days despite many new developments. Despite Binance burns, a new tax model, and other initiatives, LUNC fails to promise significant outcomes. As a neglected version of the LUNA network, LUNC struggles to make progress amid a dwindling community.

In the ongoing decline, lows around $0.0000644 or below may be observed.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 4 November, 2024 - 9:06 pm 4 November, 2024 - 9:06 pm
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