LUNC has recently experienced a decline of 6.33 percent in itsย value. Nonetheless, it has found strong support at $0.00008228, showing a potential rebound. Whatโs next for LUNC? Hereโs todayโs LUNC price prediction.
Binanceย Cryptoย exchange Supports Terraย (LUNA) Classic Upgrade with Increased Burn Tax
Binance supports theย following Terraย (LUNA) Classic network upgrade, inย particularย the LUNC network upgrade, which will raise the burn tax price from 0.2 percent to 0.5%. The upgrade is accordingย to Proposition 11515 and is scheduled for block height 12,902,400 on May 23.ย
#Binance will support the Terraย (LUNA) $LUNA network upgrade.
โ Binanceย Cryptoย exchange (@binance) July 28, 2022
Binanceย Cryptoย exchange will temporarily suspend deposit and withdrawal functions for Terraย (LUNA) Luna Classic (LUNC) and TerraClassicUSD (USTC) to secure a smooth upgrade. Binanceโs wallets are exempt from the burn tax price during internal transfers but will incur the tax for external deposits and withdrawals.ย
Professor Edward Kim proposed the exemption for Binanceย Cryptoย exchange wallets and implemented it with the Terraย (LUNA) Classic network upgrade to v1.1.0 on March 1.
LUNC Price Overview โ LUNCโs Price in the Past
Atย theย timeย ofย publication, the price of LUNC is currentlyย worth $0.00008451, and it has recorded a 24-hour volumeย ofย trading of $28,313,600. This shows a decrease of -6.33 percent in price over theย previousย day and a decline of -8.37 percent inย theย previous 7 days. With a circulating supply of 5.9 trillion LUNC cryptoย tokens, the marketย cap of Terraย (LUNA) Luna Classic stands at $496,268,972.
Inย theย previous 24 hours, the volumeย ofย trading of LUNC has reached $28,313,600, showing a 7.30 percent increase compared to theย lastย 24ย hours. This surge in volumeย ofย trading suggests a recent boost in market activity for LUNC.
The highest recorded price for LUNC tookย place in April 2022, when it reached $119.18. Onย theย otherย hand, compared to theย present price, LUNC is -100.00 percent lower than its record-breakingย peak price, highlighting a wholeย lotย of decrease since then.
On the other hand, the lowest recorded price for LUNC tookย place in May 2022, at $0.000000999967. Onย theย otherย sideย , theย present price of LUNC is 8,353.67 percent higher than this all-time low price, showing a substantial eventual increase.
In the past 7 days, LUNC has experienced a price decline of -8.40%. Althoughย while the worldwide digitalย currency market has likewise seen a decline of -2.60%, LUNC has underperformed compared to similar Smart Contract Platform digitalย currencies, which have experienced a smaller decline of -2.90%.
LUNC Price Prediction โ LUNC/USD Price Analysis: Potential Price Movement for Terraย (LUNA) Classic (LUNC)
LUNC/USD Price Chart. Source: Tradingview.comLUNC has succumbed below $0.000087 and has likewise broken below the moving averages. Nonetheless, the successful closure of LUNC over this level is a potential pending price finding support at $0.00008228. This could show further upside potential, with key resistance around $0.000100. The positiveย tendency momentum may push the price to resistance levels at $0.000110, $0.000120, and $0.000130.ย
Alternatively, if no clear breakout occurs, a further decline is possible as the 50-day moving average is below the 200 -day moving average. In this case, the channelโs lower boundary would act as wholeย lotย of support, with levels to watch at $0.000070, $0.000060, and $0.000050.ย
Monitoring the RSI over 40 provides additional insights. Against Bitcoin, a positiveย tendency breakout over the channelโs upper boundary suggests buyer dominance, potentially reaching $0.000330 and filling a gap. Continued positiveย tendency pressure could target $0.000350. Conversely, weakening momentum may lead to a retest of support at $0.000230 or lower levels.
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