Terra Luna Classic Crypto Price Prediction - LUNC Pumping Now
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Terra Luna Classic (LUNC) crypto explodes once again following an extremely bullish tweet from Binance.
Only yesterday the price of LUNC plummeted down to $0.000179 and today LUNC has reversed back to $0.00029.
Will LUNC continue to surge in price? LUNC is available on Binance.
The sentiment for Terra Luna Classic (LUNC) has flipped from bearish to bullish following some extremely important news from the CEO of Binance @CZ_Binance on Twitter.
It is officially stated that the major centralized exchange Binance will now support the Terra Luna Classic (LUNC) burning mechanism to help reduce the supply.
It is especially interesting that the CEO of Binance has also announced that they will begin burning all trading fees collected on the LUNC/BUSD and LUNC/USDT spot and margin trading pairs on Binance.
Fees will be converted to LUNC, then sent to the burn address. This means the fees are paid at Binances expense and not the users.
This particular news alone could create enough hype and bullish momentum to bring the price of Terra Luna Classic (LUNC) back above a major resistance level of $0.000362.
LUNC can be bought today on Binance, trading LUNC on Binance will contribute to the overall burnt supply of LUNC tokens.
From a technical analysis perspective, Terra Luna Classic (LUNC) is moving extremely fast and has rapidly gone from an oversold territory on the 4-hour relative strength index to overbought.
Terra Luna Classic (LUNC) surged back through the lost support levels of $0.00022, $0.00025 and $0.000264 and is now trying to recover back above $0.000335 and $0.000362.
Bursting through
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