Terra Luna Classic Price Slide Begins to Slow. Are The LUNC Bulls Returning?

Updated: 20 July 2023

Disclosure

Don’t invest unless prepared to lose all the money you invest. This is a high-risk investment, you shouldn’t expect to be protected if something goes wrong.

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Terra Classic (LUNC) is showing signs of recovery from previous declines. The recent rebound in the price of Bitcoin, the leading cryptocurrency, on July 20 has likely contributed to this upward trend.

Recent Price Performance Of Terra Classic

LUNC has experienced a 4.80% price surge over the past week, but for a minor setback of 1.40% in the last 24 hours, with the current price of $0.00008768 as of 5am EST. However, the trading volume for LUNC has seen a 13.64% decrease, reaching over $31 million.

This lack of significant trading activity may indicate that the token’s recent recovery is uncertain and could further fluctuate.

LUNC’s Price Hits Base Point on Daily Price Chart

Terra Classic is displaying signs of short-term recovery as indicated by the MACD line surpassing the signal line, indicating a potential shift towards bullish momentum.

However, the token’s price remains slightly below the 50-day moving average and significantly below the 200-day MA, suggesting a longer-term downtrend.

Terra Classic Resistance and Support Levels

Furthermore, LUNC has found support around the $0.00008806 mark, which could potentially trigger a bullish move from this position.

Caution is advised as the bullish trend may be short-lived due to resistance from the 200-day moving average. Traders and investors should carefully analyze price patterns and indicators before deciding about LUNC in the current market.

Given the volatility of digital assets, being aware of the risks associated with them is crucial.

Factors That May Trigger A Terra Classic Rally

According to the Wall Street Journal, Terraform Labs has appointed Chris Amani as its interim CEO amidst legal challenges faced by co-founder Do Kwon, who is currently in custody.

Amani, previously the COO and CFO, aims to revitalize the Terra blockchain and develop practical applications despite acknowledging the challenges. He is committed to the company’s growth and innovation, potentially impacting the price of LUNC.

Chimpzee Thrives Amid the Fluctuations of LUNC’s Price

Chimpzee, a rising digital asset, has captured significant attention and enthusiasm among early investors due to its innovative approach.

As part of its promise to promote environmental conservation, Chimpzee partnered with the well-known reforestation organization, One Tree Planted, to successfully plant over 1000 trees.

This commitment to sustainability showcases the project’s dedication to making a tangible environmental impact. One of the remarkable aspects that set Chimpzee apart is its proactive focus on safeguarding the black jaguar, even during its early stages.

This unwavering emphasis on creating real-world impact demonstrates the team’s commitment to environmental sustainability and the preservation of endangered species.

Primary Features of Chimpzee

Chimpzee boasts multiple features, with key ones including:

NFT Passport

Holding a Chimpzee NFT Passport is essential for maximizing passive income within the ecosystem. Typically, NFT holders enjoy exclusive benefits and rewards for shopping, trading, and playing on the platform.

NFT Marketplace

The Chimpzee NFT marketplace enables users to trade NFTs and earn CHMPZ tokens while contributing to environmental charities through a portion of the trading fees.

Shop-2-Earn

The Chimpzee shop allows users to earn CHMPZ tokens by selling Chimpzee merchandise, promoting a Shop-2-Earn concept. Also, the team sends generated profits to charity organizations, receiving support from the web3 platform.

CHMPZ’s successful presale program

Chimpzee’s presale phase is in full swing, and the project has achieved remarkable milestones.

As of the latest update, the presale has successfully raised $913,000, coming close to surpassing its ambitious benchmark of $1,144,500.

Investors participating in the presale receive an alluring incentive, as Chimpzee provides a substantial 125% free bonus on CHMPZ coins.

This attractive offer adds extra value for early supporters, making it an enticing opportunity to get involved with the project.

How to purchase the CHMPZ tokens

Interested buyers can purchase CHMPZ tokens by following these steps:

Visit the official presale site at https://chimpzee.io. Once there, look for the “Buy Now” option on the menu and select it.
Ensure you have a cryptocurrency wallet compatible with Wallet Connect before forging ahead with the buying process. Some examples of compatible wallets include Trust Wallet and MetaMask.
Set up your chosen wallet according to the instructions from the wallet provider.
After properly setting up your wallet, click on the “Connect Wallet” button on the Chimpzee website.
In the next pop-up window, choose your preferred wallet option from the list to complete the process.