Terra Classic (LUNC) price sets direction: Newly released coins with 10x profitability are growing rapidly as investors wait for upward momentum!

Terra Classic LUNC news: Following the adoption of Bitcoin ETFs, the cryptocurrency market has been volatile for a while. The optimistic sentiment that followed the approval created large swings in the digital asset markets, which added to the bullish momentum. This situation did not last long, and many of the digital assets experienced serious declines, and the global crypto market cap fell to $1.68 trillion. The price of Terra Classic, which remained in a more stable position amid these turmoil in the markets and was not affected by the above factors, followed an average course, and the latest developments along with the EVM news created a new wave in the LUNC price.

A strategic move from the Terra Classic ecosystem

The Terra Classic community plans to take a different path than typical on-chain development by enabling Ethereum virtual machine (EVM) support on-chain. If this proposal is approved, the EVM will provide an advantage to help the Terra Classic chain become compatible with new and emerging technologies. In addition, the Solidity programming language, which is used in EVM chains, will be used in LUNC. With EVM support, operability and adoption of widely used blockchain development standards will be facilitated.

New developments on the LUNC front caused the altcoin's price to rise by over 5% on Tuesday, Jan. 16. LUNC price has been the highest in the last 24 hours at $0.0001289, while the current price is $0.0001268 at the time of writing. Despite the price action, trading volume has increased by 59% in the last 24 hours to $67,658,879. The increase in trading volume shows that investors' interest in the altcoin is increasing. Finally, the burning of USTC last Thursday triggered a rise in the price of LUNC.

Terra Classic (LUNC) price prediction: Can LUNC go up?

Terra Classic price is trading in a narrow range under market conditions. In this percentage, investors are focused on long-term price predictions of the LUNC price. The Terra LUNC price is thought to hold clear signs of a significant upward move from a key demand level after a prolonged consolidation. Despite having a high level of liquidity, the LUNC, which is currently going through difficult times, is on an upward trend and may only soon enter a downward trend.

Despite adhering to a downward trend, the Terra Classic price may manage to reach beyond $0.00026 in the next few months. For this, the bulls need to protect the lower support zone.


On the 8-month Terra LUNC technical chart, the LUNC is trading along a descending trendline. In addition, resistance levels have been identified in a descending triangle on the chart. With the recent price action, the downtrend has been stopped. The bulls are working hard to keep the price above the lower support zone, forcing it to enter resistance. Bulls may face selling pressure in resistance zones. This opens up two scenarios:

Selling pressure could push the LUNC price closer to the demand level below $0.0001**. According to another scenario, otherwise, the price will stay above these levels and may travel towards a major resistance zone at $0.00026359.

Furthermore, the top of the triangle is expected to lengthen and cause a more sideways trend if the token struggles to stay above the $0.000103 level without a significant increase in volume. Therefore, the next few days can be considered extremely important as the weekend close can have a huge impact on the upcoming trend. However, the Bollinger bands are on the verge of being squeezed, suggesting that a major price movement may be fast approaching.

In addition, the RSI is in an ascending phase and has formed higher lows, forming a positive divergence. If the price of LUNC hits lower lows, it could confirm this trend and possibly trigger a breakout. The RSI is just one of many indicators needed to help Terra LUNC reach the forecast.


Looking at the short-term reading, it shows that the 5-period MA is no bigger than the 34-period MA and there is bearish momentum. However, if the buying momentum increases, the trend can quickly reverse. In such a case LUNC could rise to $0.00014. On the other hand, a shortage of buyers could cause the LUNC price to hover around $0.00011.

Read also: "What is Meme Kombat and how to get it? KOMBAT price prediction and future"

While the price action of the Terra LUNC price remains uncertain in the coming period, the halving event scheduled to take place in April will act as a positive catalyst in the market. With the Bitcoin halving, the increase in Bitcoin mining costs has come to the fore. The Bitcoin Minetrix token, which has become a good alternative for investors in this period, continues to grow with pre-sales and announced on account X that it has left another important milestone behind.

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With the upcoming halving in April, mining costs are projected to soar.@RiotBlockchain, @TeraWulfInc, and @CleanSpark_Inc are well-positioned, but what's your take on how other miners will adapt? 🚀⛏️

On the other hand, #BitcoinMinetrix has also now raised over $8,400,000! 📣 pic.twitter.com/BwdYTOkrWF

— Bitcoinminetrix (@bitcoinminetrix) January 15, 2024

Minetrix, which gives investors the opportunity to earn passive income with these advantages, announced that it has collected a tremendous amount of $ 8,400,000 since the pre-sales started. Thus, Bitcoin Minetrix, which started a new stage, is on its way to becoming one of the rapidly growing 10x profitable tokens, especially with the developments that will affect the global markets, such as the upcoming halving event. In addition, the token of Bitcoin Minetrix (BTCMTX), whose current sale price has reached 0.0129**, can be purchased on the official website. Purchase options include ETH, USDT, and cards.

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The information in the content of the article is for informational purposes only. It does not constitute any investment advice. The author and kriptoparahaber.com are not responsible for your profit or loss arising from the investments you make. Investment is ultimately based on many foundations such as knowledge, experience, research and personal decisions.