Today’s slight retracement in the crypto market might contribute to LUNC present retracement on the price chart.\u00a0<\/span><\/p>\n
LUNC Price Action In 2023<\/h2>\n
LUNC started the year <\/span>at $0.000145<\/span><\/a> on January 1, 2023, and increased to $0.0001481 by January 3. It moved to $0.0001764 on January 21, 2023, and remained in that range till the bears forced it down to $0.0001625 on January 30.\u00a0<\/span><\/p>\n
April followed the same bearish trend for the <\/span>asse<\/span>t<\/span><\/a>, as LUNC touched a new low of $0.00011 on April 30. The bears are still in control in May as LUNC is currently at the $0.00008999 price level at press time.\u00a0<\/span><\/p>\n
LUNC Price Prediction with Technical Indicators<\/h2>\n![\"LUNC\"](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-10-133707-300x105.png\")
<\/p>\n
<\/p>\nLUNC is in a downtrend today, forming a fourth consecutive red candle on the daily price chart. It is still trading below its 50-day and 200-day <\/span>Simple Moving Averages (SMA)<\/span><\/a>, with a short and long-term bearish sentiment.\u00a0<\/span><\/p>\n
LUNC Support And Resistance Levels<\/h2>\n![\"LUNC\"](\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/Screenshot-2023-05-10-133730-300x125.png\")
<\/p>\n
LUNC has dropped below the $0.00010421 support level reflecting the bearish pressure on the chart. It is heading to the next support level of $0.00008670, critical to its price action. A decline below this level will push the asset down to the $0.00005697 support.\u00a0<\/span><\/p>\n
Important resistance levels are $0.00010668, $0.00012150, and $0.00013187.\u00a0<\/span><\/p>\n
Factors Affecting LUNC\u2019s Price<\/h2>\nSeveral factors could affect LUNC’s Price action. These factors include crypto regulations, laws of supply and demand, investor sentiments, inflation, and other macroeconomic factors. Also, developments and upgrades on the network might affect its price.\u00a0<\/span><\/p>\n
<\/p>\nSeveral factors could affect LUNC’s Price action. These factors include crypto regulations, laws of supply and demand, investor sentiments, inflation, and other macroeconomic factors. Also, developments and upgrades on the network might affect its price.\u00a0<\/span><\/p>\n
Additionally, LUNC’s founder <\/span>Do Kwon\u2019s arrest<\/span><\/a> and possible extradition continues to create a negative impression of the asset among some crypto community members.\u00a0<\/span><\/p>\n
Notable Trends In LUNC\u2019s Community<\/h2>\nTerra Classic Testnet Upgrade<\/h3>\n
The <\/span>Terra Classic blockchain<\/span><\/a>, the Layer 1 (L1) Joint Task Force (L1JTF) team, moved its testnet to version 2.0.0. This upgrade is a landmark achievement for the project as it boosts its functionality and security. Success with this upgrade will hasten the <\/span>migration<\/span><\/a> of Terra Classic’s mainnet to version 2.0.0.\u00a0<\/span><\/p>\n
LUNC’s price did not increase after the upgrade as further price decline continues today. Also, after the upgrade <\/span>LuncBurnArmy<\/span><\/a>, the project manager of the L1 team submitted a proposal for the mainnet upgrade to <\/span>version 2.0.0<\/span><\/a>.<\/span><\/p>\n
LUNC Alternatives<\/h2>\nWhile LUNC continues in a downtrend today, investors can rely on these projects to earn guaranteed rewards.\u00a0<\/span><\/p>\n
Launchpad (LPX)<\/b><\/p>\n
Launchpad<\/span><\/a> is an innovative web3 platform assisting crypto investors in making informed investment decisions. Launchpad runs on the Ethereum blockchain, thereby using its full security features. Its user-friendly interface has robust tools for a well-rounded and interactive experience. With so many new crypto projects around, Launchpad acts as a guide from rug pulls and scams.\u00a0<\/span><\/p>\n
Ecoterra (ECOTERRA)<\/b><\/p>\n
\n <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"
LUNC is in a downtrend today, losing 5% of its price gains in 24 hours at press time. Despite the losses, the trading volume is […]<\/a><\/div>","protected":false},"author":1912,"featured_media":392681,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[1],"tags":[14055,8660,12662],"class_list":["post-392678","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-more-crypto-news","tag-ecoterra","tag-launchpad","tag-lunc"],"acf":[],"yoast_head":"\nLUNC Price Prediction: Despite L1 Upgrade, The Bears Are Still In Control\u00a0 - InsideBitcoins.com<\/title>\n<meta name=\"description\" content=\"LUNC has dropped below the $0.00010421 support level reflecting the bearish pressure on the chart and is heading up to $0.00008670.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LUNC Price Prediction: Despite L1 Upgrade, The Bears Are Still In Control\u00a0\" \/>\n<meta property=\"og:description\" content=\"LUNC has dropped below the $0.00010421 support level reflecting the bearish pressure on the chart and is heading up to $0.00008670.\" \/>\n<meta property=\"og:site_name\" content=\"InsideBitcoins.com\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-08T11:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-05-08T11:30:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/LUNC-Terra-Classic.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Yuri Molchan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Yuri Molchan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678#article\",\"isPartOf\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678\"},\"author\":{\"name\":\"Yuri Molchan\",\"@id\":\"https:\/\/insidebitcoins.com\/#\/schema\/person\/4ddedf5a016fc1909f0eb68b3e8d9eb1\"},\"headline\":\"LUNC Price Prediction: Despite L1 Upgrade, The Bears Are Still In Control\u00a0\",\"datePublished\":\"2023-05-08T11:00:09+00:00\",\"dateModified\":\"2023-05-08T11:30:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678\"},\"wordCount\":994,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678#primaryimage\"},\"thumbnailUrl\":\"https:\/\/insidebitcoins.com\/wp-content\/uploads\/2023\/05\/LUNC-Terra-Classic.jpg\",\"keywords\":[\"Ecoterra\",\"Launchpad\",\"LUNC\"],\"articleSection\":[\"More Crypto News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678#respond\"]}],\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/insidebitcoins.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678\",\"url\":\"https:\/\/insidebitcoins.com\/wp-json\/wp\/v2\/posts\/392678\",\"name\":\"LUNC Price Prediction: Despite L1 Upgrade, The Bears Are Still In Control\u00a0 - 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