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LUNC price remains bullish for the second week this year while printing a crucial ascending triangle. Its value increased by 1.2% in 24 hours but has accumulated 11.3% in a week and 13.2% in 14 days.
Moreover, trading volume has gone up 10.42% to $129 million in a day, showing signs of increased accumulation. Terra Classic boasts a market cap slightly above $1 billion, making it the 40th largest crypto asset.
Is LUNC Price Breaking Out This Weekend?
LUNC price is doddering at $0.000168 at the time of writing as bulls keep up with the winning streak for the second week in a row. A break above Terra Classic’s immediate resistance at $0.000170 will pave the way for gains eying $0.00018 and $0.000191, respectively.
The formation of an ascending triangle pattern has nurtured the anticipated bullish outcome. If validated, LUNC price would climb the ladder, this time with more vigor to highs beyond $0.0002.
Adding credibility to the optimistic outlook in LUNC price is the Directional Movement Index (RSI), which currently exhibits a positive signal. Traders may continue betting on long positions in Terra Classic if the -DI (in blue) sustains the divergence above the +DI (in orange).
The Stochastic oscillator is back in the overbought region while keeping a positive outlook. Buying pressure is bound to remain steady but only for a short time, keeping in mind LUNC price cannot stay overbought indefinitely. Therefore, investors should tread carefully to avoid sudden bull traps.
Some key pointers to keep in mind include a break above LUNC’s immediate resistance at $0.00017 because it would pave the way for movement further north. On the downside, support is provided by the 50-day Exponential Moving Average (EMA) (in red) at $0.00016 and the 100-day EMA (in blue) at $0.00015.
A rising trend line is also in place to ensure Terra Classic can resume its uptrend after collecting enough liquidity. On the downside, sliding below the same level could trigger another major sell-off, with LUNC price forced to seek refuge at $0.00014 and $0.000127, in this order.
LUNC Price Eyes 82% Move from A Falling Wedge Pattern
The daily time frame chart maintains the bullish outlook in Terra Classic following a break above a falling wedge pattern. As observed from the chart, LUNC price already broke out of the channel, confirming a possible 82% move to $0.00026.
A spike in overhead pressure toward the New Year pushed LUNC to the downside, where bulls confirmed support at $0.00014, marked by the upper trend line of the wedge pattern. Terra Classic could quickly climb the ladder to $0.00026 in the coming weeks, with a rebound already in motion.
Altcoins To Consider This Fall for Quicker Returns
Investors looking to diversify their portfolio may be interested in new altcoins that have the potential to provide higher returns upon their initial exchange listing. The presale stage of these tokens offers investors the chance to purchase them at a low price.
Meta Masters Guild (MEMAG)
Play-to-Earn (P2E) crypto projects face challenges keeping players on their platforms. Meta Masters Guild noticed the gaps and aimed to be the first mobile focused Web3 gaming guild. Although it’s still a P2E ecosystem, Meta Master Guild will allow everyone to play for free.
Blockchain gaming platforms like The Sandbox, Axie Infinity and STEPN require players to invest in expensive NFTs to be eligible to play-to-earn. At Meta Masters Guild, players will not be required to pay but will start earning rewards for their time on the games.
Other contributions that would be compensated include gaming building, supply of in-game items to high-performing players, development of esports, content creation and participation in community giveaways and events.
Unlike other presale projects, which delay development until all the money has been collected, gaming development is already underway at Meta masters Guild. The team says it has three official titles in the pipeline at various stages, ranging from concept to early development.
One of the games players would be looking forward to is Kart Racers, a PVP racing game built for mobile devices. Raid NFT will be a turn-based fighting game where players must choose between several warrior assets and battle it out in one of the many hostile environments.
Introducing #MEMAG games!
Meta Kart Racer 🏎️
➡️ Conquer your rivals on the number of fun-packed racing tracks 🏎️
➡️ Complete challenges and earn gemsAnd more!
Learn more about the no.1 play-to-earn mobile racing game ⬇️https://t.co/CciShaUh6l pic.twitter.com/K5N7r8fBcu
— Meta Masters Guild Games (MEMAGX) (@MEMAGgames) January 12, 2023
Meta Masters World will cater to the metaverse, where community members can explore a game set in an expansive virtual world. Think of it as an open-world game with less structure. Here, players will have full autonomy to collect resources and enter competitions to win rewards.
Investors can buy MEMAG in an ongoing presale that has already raised $126k, selling one token for 0.007 USDT.
FightOut (FGHT)
As the fitness industry shifts from traditional platforms to newer, decentralized ones, it can be challenging for investors to identify the most promising projects. FightOut, however, stands out among the rest.
This innovative Move-to-Earn (M2E) project is dedicated to making healthy, active lifestyles accessible to everyone, regardless of their goals, abilities, or financial resources. The team behind FightOut believes that fitness should be rewarding rather than cost-prohibitive.
To achieve this, FightOut is developing a gamified fitness app and gym chain that will allow users to earn the FGHT token by completing workouts and challenges. This ecosystem will also track users’ progress and provide personalized training plans, eliminating the need for expensive personal trainers. FightOut aims to be the first M2E platform to seamlessly transition users from traditional Web2 platforms to the new Web3 era through digital avatars.
The app will be available to all FGHT holders, but customized training programs require a subscription. FightOut will offer a 25% discount on subscriptions to encourage more sign-ups.
FightOut’s presale is underway and has raised $2.9 million by selling 1 FGHT for 1 USDT. Investors can take advantage of a 50% bonus to buy FGHT, but it’s valid until the presale hits the $5 million mark.
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