Türkçe
Español
Terra Classic (LUNC) attracted market participants’ attention with a rise in the last 24 hours despite market stagnation. This situation led to a noticeable increase in both market and trading volumes of LUNC. Let’s take a look at what has been happening with LUNC, which is a continuation of the Luna events that were at the core of the cryptocurrency crash in 2022.
Terra Classic (LUNC) Price Rises
Terra Classic has adapted to the market and has risen more than 30% in the last seven days. According to data provided by CoinMarketCap, LUNC’s over 3% rise in the last 24 hours pleased its investors as the general outlook in the cryptocurrency market was turning stagnant.
As of the time of writing, LUNC had a market value of $485 million and a price of $0.00008923. This price increase in LUNC was also supported by an increase in trading volume, reaching $88.39 million after a 137.5% rise.
Such rises are generally associated with high investor interest and positive sentiment towards buying. Santiment data for LUNC also presents a similar outlook. The noticeable rise in the cryptocurrency’s social volume indicated an increase in LUNC’s popularity.
Despite the rise in this metric, the Weighted Sentiment remaining in the negative zone worried investors, reflecting a dominant bearish trend in the market despite the price increase.
Future of LUNC Price
LUNC’s daily chart revealed another picture. Analysis showed that LUNC was testing a resistance level at the time of writing. It is crucial for LUNC to surpass this level to maintain its price rise.
On the other hand, LUNC’s liquidation heat map provided important data. A massive LUNC liquidation occurred when the price reached $0.000086. This situation indicated a possible price correction in the coming days. If this happens, LUNC may enter a consolidation phase.
A rise was also seen on the Terra (LUNA) side, another part of the Terra ecosystem. The rise in LUNA in the last 24 hours reached 2.3%. LUNA’s price was $0.4439, while its market volume was $354 million.
