Luna WayLUNA broke $0.56 passway and is currently near $0.80 passway. Price only goes unto $1.24 and $1.50 if it takes new liquidity
LUNCUSDT
Luna Classic: Burn Tax Proposal Sparks Debate Amid Price DeclineThe Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) community has initiated a heated discussion surrounding Proposal 12149, which aims to increase the on-chain tax rate from 0.5% to 1.5%. While this measure promises to enhance LUNC’s burn rate and bolster funding for the community and Oracle pools, it has not been without controversy. The vote comes in the wake of the successful v.3.3.0 network upgrade, which simplified tax handling and improved the ecosystem for developers and dApps.
The Proposal: A Closer Look
The proposed tax increase would triple the burn tax, allocating 1.2% for burns and 0.3% for community and Oracle pools. Proponents argue this move could significantly reduce the total supply of LUNC, accelerate burns, and increase funds available for staking rewards and ecosystem growth.
However, critics, including Binance co-founder Changpeng “CZ” Zhao, have raised concerns about higher taxes potentially deterring developers and layer-2 projects from building on the Terra Luna Classic network. Validators have also expressed divided opinions, with 43.24% voting "Yes," 16.01% voting "No," and 40.74% voting "No with veto" as of the latest tally.
Current Market Performance
Despite the promising implications of the burn tax proposal, LUNC has struggled in the market, dropping 9% in the last 24 hours to $0.0001135. The token’s trading volume surged by 38% during the same period, indicating heightened market activity. Similarly, USTC has seen a 7% drop, trading at $0.02029, with an 87% increase in trading volume.
Technical Analysis
From a technical standpoint, SEED_DONKEYDAN_MARKET_CAP:LUNC is in oversold territory, with the Relative Strength Index (RSI) at 28. This low RSI typically signals a potential correction or breakout, presenting two possible scenarios:
1. Upside Potential: The active community and the burn mechanism could drive renewed investor confidence, sparking a rally.
2. Downside Risk: If the broader market correction persists, LUNC may continue its downward trajectory, especially as Bitcoin’s ( CRYPTOCAP:BTC ) price movement exerts influence over the altcoin market.
Immediate support for SEED_DONKEYDAN_MARKET_CAP:LUNC is seen at $0.0001115, with resistance at $0.0001243. A breakout above this resistance could signal a short-term recovery, while a failure to hold support might lead to further declines.
Fundamental Outlook
The burn tax proposal highlights the Terra Luna Classic community's commitment to reducing token supply and strengthening the ecosystem. However, the divided vote underscores the challenge of balancing ecosystem growth with immediate investor sentiment.
Despite the current price volatility, LUNC's long-term potential remains tied to the community's ability to execute on its vision and navigate market challenges. If Proposal 12149 passes, the increased burn rate and enhanced community funding could lay the groundwork for a more robust Terra Luna Classic network.
Conclusion
While LUNC’s recent price action reflects broader market trends and skepticism around the burn tax proposal, its strong community backing and proactive governance measures position it as a token with significant long-term potential. Traders and investors should closely monitor the outcome of Proposal 12149 and key technical levels to gauge the token’s next move.
ITS LUNC time!! Will it go to a $1?So basically LUNC had some movement and as I am already late to see it's been not known to me as of now that any news or something gave that move? But I can help you understand whats next onto it?
This is the 12H chart and idle scenario buys goes from the white line - Thats the TPO Line.
Ideally at 4Hrs, 0.00016923 is the point to hold and if volume suggets, Longing from here is a better option. To all the people who have fomo, dont do it! My Buys start from the tpo - white line 0.00015861 to 0.00016138. either you can try to buy from the SMA line or buy 30% of it and remaining from the mentioned. Also you may find it more low as TPO flush happens. So My Buys are mentioned stops will be deviated once the SMA is touched,
Targets - The red line! If goves above it, will follow the yellow box stating the final targets or extended ones! To put trailing Sl's as shown below
Lunc Terra classic
Lunc usdt Daily analysis
Time frame daily
Risk rewards ratio >4 👈👌👈👈👈
Target 0.0002$
Now Time for risk free
where Luna goes?LUNA couldn't break $0.54 yet. I expect it either breaks it or goes back to $0.28, then breaks $0.54
Terra Luna Classic Set to Break Out? Set Your Eyes On ThatTerra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) has been the talk of the crypto world, thanks to its surging trading volume and promising tokenomics. With weekly trading volume hitting a staggering 2.27 trillion tokens on Binance and a much-anticipated burn event looming, optimism about a potential price surge to $0.0005 has reignited. Let’s explore the key drivers behind SEED_DONKEYDAN_MARKET_CAP:LUNC ’s bullish momentum and the technical and fundamental aspects that underscore its future potential.
Massive Weekly Volume and Burn Optimism
The Terra Luna Classic Foundation recently announced via X (formerly Twitter) that SEED_DONKEYDAN_MARKET_CAP:LUNC ’s trading volume surpassed 2.27 trillion tokens on Binance in a single week. In a pivotal move, Binance committed to allocating 50% of trading fees toward buying back and burning SEED_DONKEYDAN_MARKET_CAP:LUNC , a strategy designed to reduce token supply significantly.
Historically, token burns have had a positive impact on price by reducing supply. The anticipation for Binance's next burn event, set to occur in just 12 days, has already bolstered market sentiment. A similar burn in the past triggered a notable price uptick, and traders are hoping for a repeat scenario.
Governance Enhancements Boost Confidence
In addition to the burns, Terra Classic’s proactive community governance is another critical catalyst. A recent proposal to transfer CoinMarketCap dashboard access to Allnodes, a leading validator, received approval. This shift aims to enhance transparency and streamline the project’s operational framework, thereby strengthening investor confidence.
Technical Analysis
Golden Cross Emerges Amid Recovery Efforts
The technical outlook for SEED_DONKEYDAN_MARKET_CAP:LUNC is equally compelling. At the time of writing, SEED_DONKEYDAN_MARKET_CAP:LUNC is up 3%, trading with a Relative Strength Index (RSI) of 62.84. The RSI indicates that the token is gaining strength but is not yet overbought, leaving room for further upward movement.
Of particular note is the formation of a golden cross on the daily chart. This bullish pattern, where the 50-day moving average crosses above the 200-day moving average, historically signals an impending price breakout. SEED_DONKEYDAN_MARKET_CAP:LUNC appears to be on the verge of escaping its previous falling trend channel, setting its sights on the next pivotal resistance at $0.000144.
Should the token experience a correction, immediate support lies at $0.000099, a level that could act as a strong accumulation zone for buyers. The golden cross pattern, combined with this robust support, cements SEED_DONKEYDAN_MARKET_CAP:LUNC as a favorable buy at current levels.
Pivot Points and Long-Term Targets
Short-term analysis suggests SEED_DONKEYDAN_MARKET_CAP:LUNC is likely to challenge the $0.000144 pivot level in the coming sessions. Meanwhile, analysts are projecting a potential 480% rally that could catapult SEED_DONKEYDAN_MARKET_CAP:LUNC ’s price to $0.000593, provided the burn event and governance improvements maintain their momentum.
Broader Market Dynamics
Despite a slight dip in daily trading volume, currently down 65% to $68 million, SEED_DONKEYDAN_MARKET_CAP:LUNC has posted a respectable 10% gain over the past week. Futures Open Interest for Terra Classic decreased by 11% to $9.33 million, signaling that traders are exercising caution ahead of the Binance burn. This "pause" could set the stage for a dramatic price move once the burn is executed.
Conclusion
Terra Luna Classic ( SEED_DONKEYDAN_MARKET_CAP:LUNC ) is at a pivotal moment, with strong fundamentals and bullish technical patterns aligning for a potential breakout. The combination of token burns, governance improvements, and a golden cross pattern on the chart has fueled optimism for a price surge to $0.0005 and beyond.
Investors should keep a close eye on the upcoming Binance burn event and key technical levels, particularly the $0.000144 resistance and $0.000099 support. With momentum building, SEED_DONKEYDAN_MARKET_CAP:LUNC could offer significant upside for those looking to capitalize on its unique combination of community-driven initiatives and market dynamics.
LUNC BULLISH During what we predicted, LUNC was able to act and broke the triangle with a great momentum, and now it's time for him to say hello again to the ceiling of our triangle, which plays the role of support, this is the correction that was expected and then it should Let's wait for an attractive climb again
**LUNC Surges with 17% Market Cap Increase!** Terra Classic (LUNC) is making a strong statement with a 17% surge in its market cap, now reaching $615,262,846! This impressive growth is reflected in the 4-hour chart, which reveals a clear upward trend with the price consistently breaking through resistance levels.
**Key Levels:**
* **Support:** Holding strong around $0.000087570.
* **Resistance:** Recently broke above $0.000095000 with conviction. The next challenge lies at $0.000107581 and $0.000111752.
* **Targets:** If the bullish momentum continues, these resistance levels could become the next targets for LUNC.
**Indicators to Watch:**
* **Volume:** High volume accompanying the recent price surge confirms the strength of the bullish sentiment.
* **RSI:** Monitor the Relative Strength Index (RSI) for any signs of overbought conditions.
* **MACD:** A bullish crossover on the Moving Average Convergence Divergence (MACD) further supports the potential for continued upward movement.
**Trading Strategy:**
* **Long Entry:** Consider entering a long position on a pullback towards the support at $0.000087570 with a confirmed bounce.
* **Stop Loss:** Place your stop loss below the recent swing low or beneath the support.
* **Take Profit:** Target the resistance levels mentioned above, or employ a trailing stop loss to capitalize on the upward momentum.
**Market Cap Momentum:**
The significant increase in market capitalization indicates growing confidence and interest in LUNC. This surge could fuel further price appreciation as more investors enter the market.
**Disclaimer:** This is not financial advice. Conduct your own thorough analysis and manage your risk accordingly.
**#LUNC #TerraClassic #Crypto #TradingView #TechnicalAnalysis #MarketCap**
Lunc Breaks Out
Terra Classic (LUNC) has surged past a key resistance level with strong volume, signaling a potential trend reversal. Bullish indicators like the Bollinger Bands and moving averages suggest this upward momentum could continue.
Is LUNC finally on its way back to the moon? 🌕
**Key takeaways:**
* LUNC breaks above crucial resistance.
* Strong volume confirms buying pressure.
* Bollinger Bands and moving averages support the bullish outlook.
**What's next?**
Keep an eye on these levels:
* **Support:** 0.00008713
* **Next Target:** 0.00009187, then 0.00010000
**Disclaimer:** This is not financial advice. Cryptocurrency investments are volatile, so always do your own research and practice risk management.
LUNC LONG TERMLUNC is in a consolidation range which can lead to an explosion at any moment.
$0.12 will be the main target if it explode,
and it is the closest and most reasonable price
that I can see.
If price can touch this rate, i'll release next points
LUNC Bullish correctionLunc is correcting bearish trend to touch resistance key level.
The support was able to prevent the price from falling further
LUNCUSDTLUNC ~ 1W
#LUNC Last time the price bounced from this demand zone.
If retesting occurs again,. might be a good time to buy back at least for the short term at least 20%+
LUNC is still bearishLUNC has bearish structure. It is now pullback to the premium ranges of the previous wave.
Nearby, there is a supply range that is an inside bar.
The overlap of the flip line has increased the validity of this area.
We are looking for sell/short positions in the supply range.
Closing a daily candle above the invalidation level will violate the analysis.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
LUNC, Don't question the INTENTION to go UP.. and i mean UP.I'll keep it simple.
KEY NOTES:
WEEKLY DESCENDING TRENDLINE BROKEN.
HUGE MASSIVE NET BUY VOLUME registered this past 48hours.
WEEKLY PRICE SHIFT.
WEEKLY - Unusual volume strength line (top indicator).
2 BUBBLE UP VOLUME - bottom indicator warning sign of long series of ASCEND.
BE READY for an ASCEND of a lifetime.
Spotted at 0.000105
TAYOR.
Safeguard Capital always.
#LUNC look for the false break outi'll be looking for bullish signal to long LUNC if false breakout or retest of the previous high
target will be 400 %
This left 53136 BTC in Terra's reserves (+313 BTC)
Between January and May (2022), 80394 bitcoins were purchased by the LFG (Do Kwon)
There are two different sets of LFG Bitcoins (Bitcoin reserves (Terra's reserves)):
First, from 80394 BTC, 42530 BTC was sent to LFG wallet (wallet = bc1q.... s50tv4q).
Luna-LFG balance chart: (Max = 42530 BTC)
from 42530 BTC, 15272 BTC was sent to this address (wallet = bc1qm3....3ewf0j77s3h)
a- This left 15272 BTC in Terra's reserves (Do Kwon)
Second, (From 80394 BTC) Do Kwon did not send 37864 BTC to LFG wallet!
b- This left 37864 BTC in Terra's reserves ((9 - 10 May 2022))
As a result: (a and b) ---> 15272 BTC + 37864 BTC = 53136 BTC
This left 53136 BTC in Terra's reserves
the remaining 53136 remain unspent and are likely still sitting with the LFG (Terra's reserves or Do Kwon).
a, b, c
Money laundering:
LUNA = a scheme to disguise the money as legal ($ 411 M)
and ...
Transactions:
$LUNC 's fate#lunaclassic #lunc price is now holding the vertical support zone. Unclaiming this zone will bring #terraluna price to bottom of the channel.
LUNC to 0.00018Seems like LUNA coins are building something. All luna based coins have good news recently, burns, more pairs, terra case resolved in court, have to throw away keys to wallets.
LUNC is bearishThe general structure of LUNC is bear.
The latter has swept orders by hitting a supply and then broke the support line.
A resistance swap range has also been formed on the chart, in which we are looking for sell/short positions.
The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
Terra Classic (LUNC) 4H TF AnalysisOn the 4H TF LUNC is currently exhibiting important technical patterns. The volume profile shows the highest trading activity around $0.0001077 to $0.0001047, indicating strong support levels. Recently, the price action has been sideways, suggesting a balance between buying and selling pressures, with low trend strength and volatility, indicating consolidation.
Key resistance levels are at $0.0001253, $0.0001324, and $0.0001425. Key support levels are at $0.00011, $0.0001015, and $0.00009220. The price is just above a crucial support level at $0.00011; a break below this could lead to a retest of lower support levels.
Two patterns are visible: a falling wedge and a bearish pennant. The falling wedge, a bullish pattern, has completed, with the price breaking the upper boundary and entering consolidation, suggesting a potential breakout to $0.00017.
Conversely, the bearish pennant indicates potential declines. If the price breaks the pennant's lower boundary, it could test the lower boundaries of the sideways trend. If support fails, the price may fall to $0.00009220 - $0.00008662.
Summary:
◼️ Strengths: Strong support around $0.00009220 and a completed falling wedge pattern suggesting a potential end of the downtrend.
◼️ Weaknesses: The bearish pennant suggests further downside risk, with a crucial support level at $0.00011; a break below could lead to significant drops.
History and Background of Terra Classic (LUNC).
Terra Classic (LUNC) is the rebranded version of the original Terra (LUNA) token, which experienced a dramatic collapse in value in May 2022. Here's an overview of what happened and the current state of Terra Classic, highlighting its strengths and weaknesses:
Background of Terra (LUNA) Collapse:
Collapse Details: Terra (LUNA) and its associated stablecoin TerraUSD (UST) were part of the Terra blockchain ecosystem. UST was designed to maintain a 1:1 peg with the US dollar through an algorithmic mechanism involving LUNA. In May 2022, UST lost its peg, leading to a massive sell-off of both UST and LUNA, causing LUNA's value to plummet from over $80 to less than a cent within days.
◻️ Impact: The collapse wiped out billions of dollars in market value, significantly impacting investors and the broader cryptocurrency market.
Transition to Terra Classic (LUNC):
Rebranding: Following the collapse, the Terra community and its founder, Do Kwon, proposed a recovery plan. This plan involved rebranding the original chain as Terra Classic, with its native token renamed to Terra Classic (LUNC).
◻️ New Chain: A new Terra chain was launched without the algorithmic stablecoin, maintaining the name Terra (LUNA) but as a distinct entity separate from Terra Classic.
Current State of Terra Classic (LUNC):
Community and Governance: Terra Classic is now community-driven, with governance decisions being made through proposals and voting by LUNC holders.
◻️ Development: The community is working on various initiatives to revive and develop the Terra Classic ecosystem, including potential integrations, dApps, and improvements to the blockchain's infrastructure.
◻️ Market Performance: LUNC has seen fluctuating interest and trading volumes. Its value remains highly volatile, influenced by broader market trends and specific developments within the Terra Classic community.
Key Points for Investors and Traders.
➖ Strengths:
◼️ Active Community Involvement: The dedicated community is actively involved in governance and development, which could drive future growth.
◼️ Ongoing Development Efforts: Continuous work on ecosystem development, including dApps and infrastructure improvements, adds potential value.
➖ Weaknesses:
◼️ High Volatility: LUNC's value remains highly volatile, making it a speculative and high-risk investment.
◼️ Historical Context: The collapse of the original LUNA casts a long shadow, contributing to skepticism and caution among investors.
Market Sentiment: The sentiment around LUNC is heavily impacted by news, updates from the Terra Classic community, and overall market conditions.
Conclusion:
Terra Classic (LUNC) represents an attempt to salvage and rebrand the remnants of the original Terra (LUNA) project after its catastrophic failure. While it has a dedicated community striving to rebuild, it remains a speculative and volatile asset. Investors and traders should approach LUNC with caution, keeping in mind its historical context and the inherent risks associated with it.
Always remember the golden rule of investing: never risk more than you can afford to lose. Trade carefully and wisely, and may each of your transactions be successful!
#LUNC/USDT
#LUNC
We have a bearish channel pattern on a 12-hour frame, the price moves within it, adheres to its limits well, and is expected to break it upwards strongly.
We have a support area at the lower border of the channel at $0.0000800 from which the price rebounded
We have a tendency to stabilize above moving average 100
We have a downtrend on the RSI indicator that is about to break higher, supporting the price higher
Entry price is 0.0001000
The first goal is 0.0001280
The second goal is 0.0001530
The third goal is 0.0001800
