Terra Luna Classic Price Prediction as the LUNC Rally Gains Momentum – Here's the Next LUNC Target
The Terra Luna Classic price has risen by 1% in the past 24 hours, reaching $0.00012574 as the cryptocurrency market as a whole gains by 4.5%.
LUNC's current level means that it has increased in price by 3% in the last seven days and by 4% in the last 30, at a time when Bitcoin (BTC) has surged by 8% and 46% within the same timeframes.
However, LUNC's relative underperformance in recent weeks sets it up nicely for above-average returns in the near and more distant future, with Binance continuing to burn billions of LUNC tokens.
And with the Terra Grants Foundation applying for investment from the crypto-exchange, it could only be a matter of time before LUNC's ecosystem begins growing again to the point where it attracts more apps, users and holders.
LUNC's price chart suggests that it may be on the brink of a much-needed rally, with its indicators looking set to rise.
Its relative strength index, for example, has begun rising towards 50, after spending much of March in some very low, oversold positions.
Likewise, LUNC's 30-day moving average (red) has reached a bottom in relation to its 200-day (blue), signalling that it's due to begin rising upwards.
Indeed, with LUNC's price also below its 200-day (and 30-day), all available technical indicators would suggest that the altcoin has to jump again sooner or later.
And it's very possible that this jump has just begun, with BTC's 6% rise today helping to lift the market as a whole, including LUNC.
Looking at the bigger picture, LUNC probably has a long way to go before it can witness truly large rallies, yet it needs to be highlighted that the Terra Luna Classic community is constantly working to improve the altcoin's ecosystem.
Most recently, Terra Luna Classic's Layer 1 Task Force
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