Terra Luna Classic Price Prediction as LUNC Rockets Up 50% in 24 Hours – Can LUNC Reach $1 Soon?
The Terra Luna Classic price has surged by 50% in the past 24 hours, with its jump to $0.00011916 coming on a day when the cryptocurrency market as a whole has actually fallen by 1.5%.
LUNC is now up by 84% in the last 30 days, making it one of the best-performing top-100 coins over this period.
It seems that traders are buying the altcoin in response to even more impressive surges from associated stablecoin USTC, which has ballooned by nearly 300% today, on the basis of re-peg proposals that now seem to be taking effect.
As such, LUNC could potentially see even if further gains in the coming days and weeks, compensating for the heavy losses it has incurred this year.
As a coin that has accelerated by 50% in a day, it’s no surprise to see that LUNC’s indicators are all in highly bullish positions.
Its relative strength index (purple) has just touched 80 and looks like it could peak at close to 90 before the current rally loses steam.
LUNC’s 30-day average (yellow) has also begun climbing rapidly, with the indicator set to overtake the 200-day average (blue) very soon, something which can indicate further breakouts.
Perhaps most bullish of all is the coin’s 24-hour trading volume, which has gone from under $20 million to over $600 million almost overnight.
This increase suggests that whales have finally returned to the token, buying it up in larger quantities and triggering a more general rally.
Whales are waking up and jumping into #LUNC
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