LUNC Lags In Market Recovery

Ter­ra Luna Clas­sic (LUNC) price con­tin­ues its down­ward trend. The price for the smart con­tract cryp­tocur­ren­cy cur­rent­ly sits 7% below its last week­ly high of $0.0000168. Luna Clas­sic is cur­rent­ly priced at 0.00005798, up 0.19% till press time.

After briefly dip­ping below 25,000, Bit­coin has shown a great recov­ery. The largest cryp­tocur­ren­cy is now trad­ing at $26,613. Due to this recov­ery in Bit­coin, the prices of alt­coin also respond­ed pos­i­tive­ly. How­ev­er, LUNC cryp­to seems to be lag­ging, as it has only gained 2.5% in the past three days.

Binance To Support LUNC Crypto Upgrade

One of the largest cen­tral­ized cryp­to exchanges, Binance, announced that it will sup­port the net­work for Ter­ra Luna Clas­sic. The exchange added that the v2.2.1 core upgrade will hap­pen once the block height reach­es 14514000. The upgrade brings key changes that were passed through the vot­ing among the Luna community.

In oth­er news, the total val­ue locked (TVL) con­tin­ues to drop. As of 14^th Sep­tem­ber 2023, the Ter­ra Clas­sic blockchain has about $1.59 mil­lion locked. This amount is expect­ed to decrease fur­ther if Ter­ra Luna price fur­ther col­laps­es as it is the most staked asset on the network.

Terra Luna Classic Price Forecast

The price chart for LUNC shows that the price is sit­ting 27.43% below the $0.00008 range low. The chart also shows the price con­tin­ues to make low­er highs after plung­ing below the trad­ing range of $0.00011-$0.00008.

Ter­ra Luna Clas­sic price pre­dic­tion is not look­ing good for the bulls as bear­ish sen­ti­ment sur­rounds the smart con­tract cryp­tocur­ren­cy. A reclaim of the $0.00008 lev­el is crit­i­cal for the price to see any upside. Oth­er­wise, the price may drop anoth­er 28.7% to retest the $0.000041 sup­port level.

I’ll keep post­ing my updat­ed LUNC price analy­sis and upcom­ing 1000x gems on my Twit­ter, where you are wel­come to fol­low me.