Terra Luna Classic Price Prediction as LUNC Doubles in 30 Days – Can it 2x Again?
The Terra Luna Classic price has slipped by 3% today, falling to $0.00020831 as the wider market declines by 0.5% in the past 24 hours.
Such a fall has done little to dent LUNC’s recent progress, however, with the altcoin having risen by 80% in a week and by 213% in the last month.
This means that its price has more than doubled in the last 30 days, and with the recent cessation of USTC minting raising the bullishness of investors, it’s likely to continue rising strongly in the coming weeks and months.
LUNC continues to fall after rising aggressively over the past couple of weeks, with some of its indicators suggesting that it may continue to fall for a little longer yet before correcting upwards.
For instance, its RSI has now dropped from 90 to 70 in a matter of days, and its direction currently suggests that it could fall further, bring the Terra Luna Classic price with it.
On the other hand, LUNC’s 30-day average (yellow) is still rising decisively beyond its 200-day average (blue), a sign that the altcoin remains in a bullish phase.
Its trading volume also reinforces the view that it remains in a period of expansion, with volumes reaching $600 million today, in contrast to less than $20 million a couple of months ago.
It’s hard to say when exactly LUNC will return to its recent growth, but with volumes sticking to such higher levels, the wait for more growth isn’t likely to be long.
Indeed, LUNC has been the best-performing top-100 coin of the past 30 days, with this fact alone likely to continue attracting new buyers.
More fundamentally, it has seen significant progress from the Terra Luna Classic community in recent weeks, with several important proposals and updates gaining assent.
This includes a plan – now implemented –
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