{"id":548664,"date":"2023-08-24T14:05:33","date_gmt":"2023-08-24T14:05:33","guid":{"rendered":"https:\/\/wncen.com\/?p=548664"},"modified":"2023-08-24T12:50:12","modified_gmt":"2023-08-24T12:50:12","slug":"terra-luna-classic-near-term-advance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/","title":{"rendered":"Terra Luna Classic Price Near-Term Advance &#8211; Will LUNC Climb 25%?"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a so-called descending channel pattern. This pattern, characterized by successive lower highs and lows, mirrors an active market sentiment favoring sales during attempts at bullish rebounds.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Mid-August proved to be a pivotal juncture for LUNC as aggressive selling surged, triggering a precipitous plunge from $0.0000658 to $0.0000523. This swift and significant 34% drop led to a critical retest of the support trendline intrinsic to the falling channel pattern.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Interestingly, the coin&#8217;s value exhibited resilience through multiple instances of dynamic rebounds, translating to intermittent bullish bounces in its ongoing recovery phase.<\/span><\/p>\n<h2><strong>Terra Luna Classic Chart Hints Signs Of Resurgence<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">Delving into the <\/span><a href=\"https:\/\/coingape.com\/markets\/lunc-price-gears-up-25-rally-in-near-term\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">price analysis<\/span><\/a><span style=\"font-weight: 400\">, the daily chart unfolded a compelling narrative with a long-tailed rejection manifesting at the lower boundary of the channel pattern, commencing on August 17. This occurrence effectively signaled an undercurrent of demand pressure. Capitalizing on this support, the price rebounded vigorously, propelling it upwards by 22%, currently resting at $0.0000638.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-548671 size-medium\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=460&#038;resize=460%2C217\" alt=\"\" width=\"460\" height=\"217\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=1698 1698w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-140.png?w=1140 1140w\" sizes=\"(max-width: 460px) 100vw, 460px\"><\/p>\n<pre style=\"text-align: center\">Source: <a href=\"https:\/\/coingape.com\/markets\/lunc-price-gears-up-25-rally-in-near-term\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView<\/a><\/pre>\n<p><span style=\"font-weight: 400\">Should LUNC&#8217;s price sustain its position above $0.6 in the coming days, a beacon of hope emerges for buyers to potentially spearhead a rally of up to 25%, culminating in a rendezvous with the overhead trendline of the channel. Yet, the market&#8217;s true affirmation of a trend reversal hinges upon a more decisive signal: a bullish breakout from the resistance trendline.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/solana-in-turbulence-analyzing-the-death-cross-and-what-lies-ahead\/\" target=\"_blank\" rel=\"noopener \">Solana In Turbulence: Analyzing The Death Cross And What Lies Ahead<\/a><\/div>\n<h2><strong>Nova&#8217;s Strategic Intervention Amidst Community Dynamics<\/strong><\/h2>\n<p><span style=\"font-weight: 400\">In a parallel development, Terra Luna Classic&#8217;s validator, Nova, has <\/span><a href=\"https:\/\/twitter.com\/NovaValidator\/status\/71845722\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">unveiled a strategic initiative<\/span><\/a><span style=\"font-weight: 400\"> in response to a proposal that floundered amidst some challenges. The proposal, aimed at funding the Quant USTC repeg team, faced rejection within the Terra Luna Classic community.<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">As a result of the refusal of <a href=\"https:\/\/twitter.com\/hashtag\/LUNC?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#LUNC<\/a> validators to pay the <a href=\"https:\/\/twitter.com\/search?q=%24USTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">$USTC<\/a> Team for work that they delivered successfully, we will now be funding the USTC Team directly with our commissions in response to this breach of contract by validators.<\/p>\n<p>If you want to fix the chain, please delegate.<\/p>\n<p>\u2014 Nova (@NovaValidator) <a href=\"https:\/\/twitter.com\/NovaValidator\/status\/71845722?ref_src=twsrc%5Etfw\" rel=\"nofollow\">August 23, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">Despite a promising trajectory for Proposal 11716, which sought to financially support the Quant team for the month, some validators&#8217; eleventh-hour &#8220;No&#8221; votes led to its downfall.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Consequently, Nova has stepped forward to finance the USTC repeg team, fostering a collaborative spirit. With an appeal for the community to align their interests and redelegate with Nova, a concerted effort seeks to bolster the USTC repeg mission and breathe renewed life into the Terra Luna Classic ecosystem.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full\" src=\"https:\/\/www.tradingview.com\/x\/FVH0zihY\/\" width=\"2475\" height=\"1179\"><\/p>\n<pre style=\"text-align: center\">Cryptocurrencies market cap barely unchanged at $1.04 trillion today: <a href=\"https:\/\/www.tradingview.com\/\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/pre>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/all\/optimism-reverses-from-range-low\/\" target=\"_blank\" rel=\"noopener \">Optimism Reverses From Range Low With 10% Gain \u2013 How Far Can Bulls Go?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The LUNC price on <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/terra-luna-classic\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">CoinGecko<\/span><\/a><span style=\"font-weight: 400\"> currently stands at $0.00006448, reflecting a 0.5% increase in the past 24 hours. Additionally, over the course of the past seven days, the LUNC price has experienced a decline of 4.8%.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-548674\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?resize=1024%2C52\" alt=\"\" width=\"1024\" height=\"52\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?w=1136 1136w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-141.png?w=750 750w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/p>\n<pre style=\"text-align: center\">LUNC price action today. Source: <a href=\"https:\/\/www.coingecko.com\/\" target=\"_blank\" rel=\"noopener nofollow\">Coingecko<\/a><\/pre>\n<p><span style=\"font-weight: 400\">As the Terra Luna Classic journey unfolds, the interplay of technical trends and community dynamics sets the stage for another chapter in the cryptocurrency narrative.<\/span><\/p>\n<p><em>(This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk).<\/em><\/p>\n<p><em><span style=\"font-weight: 400\">Featured image from The Blade<\/span><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a so-called descending channel pattern. This pattern, characterized by successive lower highs and lows, mirrors an active market sentiment favoring sales during attempts at bullish rebounds. Mid-August proved to be a pivotal juncture for LUNC as aggressive selling surged, triggering a precipitous plunge from $0.0000658 to $0.0000523. This swift and significant 34% drop led to a critical retest of the support trendline intrinsic to the falling channel pattern.\u00a0 Interestingly, the coin&#8217;s value exhibited resilience through multiple instances of dynamic rebounds, translating to intermittent bullish bounces in its ongoing recovery phase. Terra Luna Classic Chart Hints Signs Of Resurgence Delving into the price analysis, the daily chart unfolded a compelling narrative with a long-tailed rejection manifesting at the lower boundary of the channel pattern, commencing on August 17. This occurrence effectively signaled an undercurrent of demand pressure. Capitalizing on this support, the price rebounded vigorously, propelling it upwards by 22%, currently resting at $0.0000638. Source: TradingView Should LUNC&#8217;s price sustain its position above $0.6 in the coming days, a beacon of hope emerges for buyers to potentially spearhead a rally of up to 25%, culminating in a rendezvous with the overhead trendline of the channel. Yet, the market&#8217;s true affirmation of a trend reversal hinges upon a more decisive signal: a bullish breakout from the resistance trendline. Related Reading: Solana In Turbulence: Analyzing The Death Cross And What Lies Ahead Nova&#8217;s Strategic Intervention Amidst Community Dynamics In a parallel development, Terra Luna Classic&#8217;s validator, Nova, has unveiled a strategic initiative in response to a proposal that floundered amidst some challenges. The proposal, aimed at funding the Quant USTC repeg team, faced rejection within the Terra Luna Classic community. As a result of the refusal of #LUNC validators to pay the $USTC Team for work that they delivered successfully, we will now be funding the USTC Team directly with our commissions in response to this breach of contract by validators. If you want to fix the chain, please delegate. \u2014 Nova (@NovaValidator) August 23, 2023 Despite a promising trajectory for Proposal 11716, which sought to financially support the Quant team for the month, some validators&#8217; eleventh-hour &#8220;No&#8221; votes led to its downfall. Consequently, Nova has stepped forward to finance the USTC repeg team, fostering a collaborative spirit. With an appeal for the community to align their interests and redelegate with Nova, a concerted effort seeks to bolster the USTC repeg mission and breathe renewed life into the Terra Luna Classic ecosystem. Cryptocurrencies market cap barely unchanged at $1.04 trillion today: TradingView.com Related Reading: Optimism Reverses From Range Low With 10% Gain \u2013 How Far Can Bulls Go? The LUNC price on CoinGecko currently stands at $0.00006448, reflecting a 0.5% increase in the past 24 hours. Additionally, over the course of the past seven days, the LUNC price has experienced a decline of 4.8%. LUNC price action today. Source: Coingecko As the Terra Luna Classic journey unfolds, the interplay of technical trends and community dynamics sets the stage for another chapter in the cryptocurrency narrative. (This site&#8217;s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from The Blade<\/p>\n","protected":false},"author":557,"featured_media":548683,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1144,8686,86792,4735,15241,87704],"class_list":["post-548664","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-btcusd","tag-ethusd","tag-lunc-price","tag-price-action","tag-stablecoins","tag-terra-luna-classic"],"acf":[],"yoast_head":"\n<title>Terra Classic Price Near-Term Advance - Will LUNC Climb 25%?<\/title>\n<meta name=\"description\" content=\"Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Terra Classic Price Near-Term Advance - Will LUNC Climb 25%?\" \/>\n<meta property=\"og:description\" content=\"Terra Luna Classic (LUNC) has embarked on a six-month journey marked by a consistent downtrend, largely influenced by the gravitational pull of a\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-24T14:05:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-24T12:50:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-142.png?fit=686%2C382\" \/>\n\t<meta property=\"og:image:width\" content=\"686\" \/>\n\t<meta property=\"og:image:height\" content=\"382\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Christian Encila\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Christian Encila\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/\"},\"author\":{\"name\":\"Christian Encila\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/a2d6e9b600c0ed5252bbfc4170c3dd80\"},\"headline\":\"Terra Luna Classic Price Near-Term Advance &#8211; 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Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Terra Luna Classic Price Near-Term Advance &#8211; Will LUNC Climb 25%?","url":"http:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/terra-luna-classic-near-term-advance\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-142.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-142.png?fit=686%2C382"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethusd","lunc price","price action","stablecoins","terra luna classic"],"dateCreated":"2023-08-24T14:05:33Z","datePublished":"2023-08-24T14:05:33Z","dateModified":"2023-08-24T14:05:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Terra Luna Classic Price Near-Term Advance &#8211; Will LUNC Climb 25%?\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna-classic-near-term-advance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/terra-luna-classic-near-term-advance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-142.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/a-142.png?fit=686%2C382\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethusd\",\"lunc price\",\"price action\",\"stablecoins\",\"terra luna classic\"],\"dateCreated\":\"2023-08-24T14:05:33Z\",\"datePublished\":\"2023-08-24T14:05:33Z\",\"dateModified\":\"2023-08-24T14:05:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/08\/a-142.png?fit=686%2C382","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/548664"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=548664"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/548664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/548683"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=548664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=548664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=548664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}