In this Terra Luna Classic technical analysis, we will examine the current price action, trading volume, key levels and indicators for LUNC-USDT. Terra Luna Classic (LUNC) is a decentralized, open-source blockchain platform that enables the creation of next-generation financial instruments and decentralized applications. With its fast and secure transactions, LUNC has gained popularity among users looking for an alternative to traditional financial systems. Additionally, LUNC’s unique features such as interoperability with other blockchains and its proof-of-stake consensus algorithm make it an attractive option for investors seeking long-term growth potential.
Terra Luna Classic Price Overview:
As of July 06, 2024, Terra Luna Classic is trading at approximately 7e-05 USDT. Let’s dive into the detailed price action for LUNC-USDT:
| Metric | Value |
|---|---|
| Open (O) | 7e-05 |
| High (H) | 7e-05 |
| Low (L) | 7e-05 |
| Close (C) | 7e-05 |
| Volume (C) | 41,566,749,946.48 |
- Open (O): The opening price for today’s trading session was approximately 7e-05 USDT.
- High (H): Terra Luna Classic reached a daily high of around 7e-05 USDT.
- Low (L): The daily low for LUNC-USDT was approximately 7e-05 USDT.
- Close (C): At the time of analysis, Terra Luna Classic is trading near its daily close of 7e-05 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | 3.90% |
| 3D Change (%) | -9.19% |
| 7D Change (%) | -13.78% |
| 30D Change (%) | -42.64% |
| 90D Change (%) | -48.15% |
| YTD Change (%) | -49.95% |
Over the past three days, LUNCUSDT has fallen by approximately -9.19%, showcasing increased market volatility. Throughout the last week, it continued to fall, with a loss of around -13.78%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with LUNCUSDT maintaining a downward trend of approximately -42.64%, despite intermittent fluctuations. Examining the last 90 days, LUNCUSDT has witnessed substantial decrease of approximately -48.15%, reflecting strong long-term confidence. Year-to-date, LUNCUSDT has steadily decreased by around -49.95%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Terra Luna Classic Live Chart:
You can access a live price chart for LUNC-USDT on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.90922.
- Momentum score is -0.27376.
LUNC USDT Technical Analysis
Terra Luna Classic Trading Volume:
The trading volume for Terra Luna Classic (LUNC) over the past 24 hours has been insignificant, with approximately 41,566,749,946.48 USDT traded against LUNC. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): LUNC is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Terra Luna Classic is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for LUNC-USDT is currently in the low zone, around 36.48893. This suggests that Terra Luna Classic is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Terra Luna Classic (LUNC-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.
Acknowledge bearish outlook for Terra Luna Classic (LUNCUSDT) at 6.94e-05 USDT with technical analysis, emphasizing weakened support and cautionary indicators.
Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.