The price of Terra Luna Classic (LUNC) has been dragged down to $0.000255 today in correlation with the bearish behavior from Bitcoin. Quickly recovering back to $0.000271 it seems that LUNC is running out of bullish momentum and repossessing the $0.0003 price levels yet another hopeless dream.
However, if this is one last final shakeout before the next potential pump then we could still see Terra Luna Classic recover back above $0.003 in the next few weeks. Whilst many cryptocurrencies are negatively affected during volatile market movements, IMPT Token is still standing strong.
Terra Luna Classic (LUNC) Price Prediction
When the crypto markets get volatile and key support levels are lost the altcoin market can become very unpredictable and shaky, the majority of blue-chip cryptocurrencies and altcoins have suddenly found themselves in over-sold positions.
At the time of writing this article Terra Luna Classic (LUNC) is now trading back at $0.000271, a bearish move for LUNC, although I would not begin to feel worried unless the price retested $0.000241 and lost support.
LUNC/BUSD – 4 Hour Time Frame.
LUNC is now trading within a descending channel pattern which suggests simultaneous lower-highs and lower-lows are being printed on the price charts. $0.000254 is a significant level of support and we can see that the price has now bounced there twice.
Should the blockchain market flip bullish over the next few days we might see Terra Luna Classic (LUNC) retest the resistance trendline of the descending channel at roughly $0.000289. From here we could see another breakout which would lead to LUNC recovering back above $0.0003 and retesting a technical target of $0.000316.
The RSI also reflects the LUNC has not been able to enter oversold territory, this might be because there is a large amount of investor appetite at these lower price levels where retail investors and whales are potentially accumulating more and dollar cost averaging into their position.
LUNC/BUSD – 4 Hour Time Frame.
LUNC has successfully dropped to the 0.617 Fibonacci level, often called the golden pocket. There’s a good chance we might see a bounce here and a bullish reversal in the coming days, but first, we need to see Terra Luna Classic move back above the 20-day moving average on the daily chart.
Coinmarketcap states that Terra Luna Classic (LUNC) now has a market capital of $1.65 billion. Over the next few weeks with more burning and accumulation we could certainly see the market capital rise back above $3 billion which would lead to the price almost doubling from here.
Terra Luna Classic Video Analysis
Terra Luna Classic Vs IMPT Token
LUNC has already delivered over 1,500% returns from June 2022, whilst this is a fantastic milestone it is quite clear that Terra Luna Classic is now in a down trend and could be exhausted for now with limited upside potential.
After recently analyzing the Tamadoge presale and witnessing beyond 1,900% returns, you could begin to speculate that presales are the new go to for lucrative investors seeking high returns during a bleak crypto bear market.
The next cryptocurrency in presale that is expected to take off will be launching next year. It will create an ecosystem aimed at offering a meaningful carbon offset program to help lower the carbon footprint of both businesses and individuals, addressing global warming. This is called the IMPT Token.
In just over 10 days IMPT presale has raised an amazing $4,075,386 during a crypto bear market which reflects massive investor appetite and traction. Could this potentially be the next 10x crypto?
Interested parties can purchase IMPT Token today by heading over to the official website impt.io and connecting their MetaMask or TrustWallets (on the Ethereum mainnet). Once this is done users can simply convert either Ethereum or USDT into IMPT Tokens which can be claimed at the end of the presale.
The two previous presales known as Battle Infinity and Tamadoge performed exceptionally well during the current crypto bear market. Could IMPT Token be the third?
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