LUNC Price Prediction: LUNC is up 8% In 24 Hrs to $0.00013. Can It Still Hit $1? ByEvans KaranjaPRO INVESTOR Updated: 14 March 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage The price of Terra Luna Classic has recently hit a new low for 2023, following a significant decline in early March. However, over the last 24 hours, LUNC has returned to this level of $0.00013 and established a sturdy foundation for a potential recovery rally. Terra Luna Classic Is Gearing Up for an Upward Trend Terra Luna Classic’s price has been consolidating within the $0.0001813 and $0.0001320 ranges for a period of three months since December 2022. The altcoin previously fell below the low range in late December but managed to bounce back with a 40% increase initially and a 60% surge at the beginning of 2023 through to the beginning of February. Although the current deviation below the range low is attempting a recovery, three signs can confirm a Terra Luna Classic’s price has hit an order block at $0.0001339, which could generate buying pressure. LUNC has formed a double bottom at $0.0001271, creating a solid base for a potential upward movement. The final requirement for a bounce is a shift in market structure over a shorter time frame. IF YOU'RE BULLISH ON $LUNC & YOU KNOW IT CLAP YOUR HANDS pic.twitter.com/OOamzX6xZn — Classy 🔮 (@ClassyCrypto_) March 12, 2023 LUNC Price Analysis LUNC was launched in 2019, and its price remained relatively stable between $0.2 and $1.3 until April 2021. However, during the mid-2021 crypto market boom, its value increased and reached $100 by the end of the year. From the start of 2022, LUNC’s price fluctuated between $50 and $100, and on April 5th, it reached an all-time high (ATH) of $119.18. However, the Terra system collapsed the following month, and the price of LUNC began to decline, hitting the bottom at $0. However, the price has since been increasing and is currently at $0.00013. At the time of writing, LUNC is trading at $0.00013033, with a 24-hour trading volume of $69,717,435. This represents a 7.94% rise in price over the last 24 hours, although the cryptocurrency has experienced a decline of 10.15% over the past seven days. The market cap of Terra Luna Classic stands at $769,320,418 with a circulating supply of 5.9 trillion LUNC. Over the past 7 days, Terra Luna Classic (LUNC) has experienced a price drop of -10.10%. This is a weaker performance compared to the global cryptocurrency market, which is down only -1.70%. LUNC is also underperforming compared to other smart contract platform cryptocurrencies, as they have seen a 0.60% increase in their prices. LUNC Price Prediction: LUNC/USD Daily Chart. The Inevitable Rebounce Given the current oversold conditions and deviation below the range low of $0.0001320, the Terra Luna Classic price is likely to bounce back. This is due to the significant shift in market structure, which is evident in the production of a higher high with an impulsive move on a timeframe lower than four hours. The higher high should exhibit an imbalance, or Fair Value Gap (FVG). Identifying this shift in market structure allows for a standard timeframe of entry when the altcoin retraces into the FVG. LUNC bottomed at $0.00012 after a new series of bearish moves. However, the coin is in rebound mode after showing a bullish move in the past 24 hours and an 8% move up. The LUNC token has been trading in a consolidation phase since December 2022. If the movement is strong enough, the price of LUNC will hit a fresh all-time high of $0.00026. At the time of writing, the price of LUNC is trading below the 50-day and 200-day moving averages. However, with the rebound signal, the price might break above the daily moving averages and eventually out of the consolidation phase. The relative strength index (RSI-14) is also in an uptrend, trading at 34.71, up from 22. With the analysis above and the fundamental information, the price of LUNC might reach $0.00026 by the end of Q1. Related Top 5 Meme Coins to Buy in March 2023? Big Potential Altcoins Crypto Trader Jacob Bury Lists The Top 10x Altcoins He is Currently Buying – Best Crypto to Buy Now? Fight Out (FGHT) - Train to Earn Crypto Rating CertiK audited & CoinSniper KYC Verified Early Stage Presale Live Now Earn Free Crypto & Meet Fitness Goals LBank Labs Project Partnered with Transak, Block Media Staking Rewards & Bonuses Learn More Join Our Telegram channel to stay up to date on breaking news coverage