Terra Luna Classic Price Prediction as LUNC Becomes Best Performing Coin of the Week – Can LUNC Hit $1 in 2023?
The price of Terra Luna Classic (LUNC) has risen 3% in the past 24 hours, reaching $0.00009765 as the cryptocurrency market as a whole barely moves within the same timeframe.
LUNC is now up by 14% in the past week and by 7% in the last 30 days, although the altcoin has declined by 32% since the start of the year, in contrast to most other major tokens (which have risen).
But with the Terra Luna Classic community recently proposing or even passing a number of plans to boost LUNC, the cryptocurrency could soon make up for lost ground.
LUNC's indicators continue to point towards further gains, with its relative strength index (purple) recovering from a slight dip earlier in the week to return to 60 yesterday.
In other words, LUNC still has good momentum, as also signalled by its 30-day moving average (yellow), which continues to ascend further above its 200-day average (blue).
Such rising suggests that more buying demand is entering LUNC's market, while the positive picture is also helped by the coin's rising support level (green), which reveals it consolidating around ever-higher bottoms.
Given that the wider market remains in a precarious state at the moment (because of the SEC's recent enforcement actions), there remains a possibility that LUNC could end up dipping again in the coming days and/or weeks.
However, when looking at the coin in itself, it's likely due some more rallies, given how oversold it has been in the past few months.
LUNC's prospects have also been helped in the past couple of weeks by recent Terra Luna Classic proposals, including one that was passed and that will result in the creation of a test environment for re-pegging USTC.
On top of this, yesterday also saw the acceptance of a proposal that will enable
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