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LUNC’s price indicates a risk of a further downfall after a series of declines in the first half of 2023.
As of 9:18 am EST, the price is trading at $0.0000792, representing a 2.2% drop in the past 24 hours. LUNC’s 24-hour trading volume has also experienced a 12% drop.
On August 1, LUNC experienced its lowest price in the past week, reaching $0.00007843. However, following the Binance token burn, the value of LUNC surged to $0.00008183. Afterward, the price corrected again, dropping to $0.00007930, now acting as a support level (upper blue line).
Shortly after, the price began recovering, reaching $0.0000810. Although the LUNC value was rejected at this level, it only fell to $0.00008058 before bouncing back up.
A candlestick close below the support level could send the price to settle at a significant support level of $0.00004423.
LUNC Price Indicators Strongly Indicate Bearish Momentum
Despite a break above the bearish trendline in the LUNC price chart, analysts caution that a breakdown is likely.
LUNC price indicators support the bearish sentiment, painting a concerning picture of its price outlook.
Currently, LUNC’s price action reveals that it is trading below both the 50-day and 200-day exponential moving averages, indicating an overall bearish trend.
This is further corroborated by the crossing at $0.0001766, reinforcing the pessimistic sentiment surrounding LUNC’s price.
Moreover, the relative strength index (RSI) shows a downward trend, with the indicator trading at 37 and swiftly approaching the oversold region at 30. This high selling pressure indicates potential further declines in the LUNC price.
The analysis above suggests that LUNC’s price is poised for a potential decline toward the major support level at $0.00004423. However, if the current support level proves to be resilient, there is a possibility of a short-term rebound, with the price surging to $0.0001145.
The Chimpzee token has garnered significant interest from investors seeking high returns. Its impressive surge during the ongoing presale has positioned it as a more attractive option than LUNC.
Chimpzee (CHMPZ): Enjoy Lucrative Early Opportunities
The Chimpzee (CHMPZ) token has witnessed remarkable success since its launch, achieving significant milestones quickly. As the 8th presale stage approaches its final day, the project has already surpassed expectations by raising an impressive $1.1 million in presale funding.
The remarkable growth trajectory of Chimpzee indicates a bright and promising future ahead, making it an enticing and compelling opportunity for potential cryptocurrency investors to consider.
🚨Hey #ChimpzeeArmy!🐵
📢We’ve got an important announcement for you!
🔥The #Chimpzee #Airdrop is going very fast!
⏳There are only 3,530,000 #Tokens left!
🚀Don't miss out and join the #Presale now!
💰Get your extra $CHMPZ before they are all gone!https://t.co/Geog3EVuMC pic.twitter.com/Hw82crMTAb
— Official Chimpzee Project (@RealChimpzee) August 3, 2023
The chimpanzee community is joyously celebrating their achievement of reaching the $1 million milestone by organizing an exciting airdrop event. Participants in the airdrop stand a chance to receive approximately 10 million CHMPZ tokens.
However, it’s important to note that the airdrop rewards will gradually decrease as the presale stages progress. As a result, prospective investors are strongly encouraged to join early to maximize their potential benefits.
Furthermore, Chimpzee presents an array of thrilling earning opportunities for its investors.
Beyond the conventional buying and selling of CHMPZ tokens, the platform offers staking NFT passports, enabling users to participate in the NFT marketplace and engage in play-to-earn games.
By getting involved in this venture early, investors stand to reap significant benefits, including a generous 100% bonus on their purchases.
The project also includes burn mechanics, where all the tokens that remain after the presale ends will be burned.
Currently, CHMPZ, is selling at $0.000775. These figures present an enticing investment opportunity.
With only one day left, the price is expected to increase to $0.00085 and gradually climb until it reaches a peak of $0.00185 while listing on decentralized exchanges.
For investors interested in participating in the Chimpzee project, acquiring CHMPZ tokens is straightforward. Simply connect your digital wallets on the Chimpzee website and swap your USDT, and ETH, for CHMPZ tokens. You can also buy directly with your bank card.
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