Keep an Eye on LUNCs 16% Surge & Predictions for Terra Luna Classics Price

Keep an Eye on LUNCs 16% Surge & Predictions for Terra Luna Classics Price

Analysis of Terra Luna Classic’s LUNC token price consolidation ahead of a potential breakout, with a bullish outlook but caution advised, along with news of the Cosmwasm upgrade and a recommendation for high-risk, high-reward investment in AiDoge.

LUNC, the native crypto token of the Terra (LUNA) Luna Classic ecological system, is stable with minimal price changes experienced in the previous day. Despite the fact that the crypto token has lost 22.5 percent of its  price in 30 days, a positive  tendency setup, with the  potential to propel LUNC to highs over $0.000105 formed in the last couple of weeks.

Regardless of the positive  tendency outlook, a deeper analysis of the present conditions in the market outlines that investors must be cautious as the token’s anticipated breakout could go either way.

Terra (LUNA) Luna Classic Price In Consolidation Ahead of Breakout

Terra (LUNA) Luna Classic is wobbling inside a symmetrical triangle setup, which paints a positive  tendency picture for the $520 Million ecosystem.

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This technical pattern formed with approximately 3 higher bottom Line and 3 lower highs connected with tendency lines. Measuring the distance betwixt the widest points of the triangle and adding it to the breakout point, provides a 16.1 percent breakout target to $0.000105.

Nonetheless, this forecast is incredibly ambitious, is still it would be prudent for traders to expect a conservative breakout to $0.0001, where they can gauge the strength of the trend.

According to the tendency exhibited by the Moving Average Intersection Divergence (MACD) indicator, Terra (LUNA) Luna Classic is mainly in positive  tendency hands and has been struggling to push out of the triangle pattern.

A buy signal recently came into play as the MACD line in blue crossed over the signal line in red, thus validating the positive  tendency outlook.

For now, traders should be on the lookout for LUNC’s reaction to the 50-day Exponential Moving Average (EMA) (in red) at $0.00008946 and the immediate support provided at $0.000087 by the ascending trendline.

Investors wishing to enter into new long positions may want to wait regardless of the positive  tendency narrative, for Terra (LUNA) Luna Classic to weaken the 50-day EMA resistance. Furthermore, less positive  tendency traders would prefer to wait until LUNC breaks out of the triangle and consequently steps over the 100-day EMA (in blue).

Since the cryptocurrency market is still in dilapidated conditions with no indications of recovery, at least not this coming week, this calls for investors to be cautious.

That stated, an opposite breakout may dig into Terra (LUNA) Luna Classic’s value if the trendline support at $0.000087 fails to hold. Action below this level would invalidate the positive  tendency outlook and open the door for losses targeting $0.00007334.

Nonetheless, investors must pay attention to higher support levels at $0.000083 and $0.00008, respectively.

Terra (LUNA) Luna Classic Settles on Parity Upgrade Date

The Terra (LUNA) Luna Classic development team has announced a date for the network’s much-awaited Cosmwasm upgrade v.1.1.0.

Terra (LUNA) Luna Classic L1 team manager announced via Twitter on Monday stating that the upgrade will go live on June 14.

Earlier this year, Terra (LUNA) had announced its intends to transition the network from version 0.16.6, likewise referred to as the Parity upgrade.

The preliminary deadline for this transition was set for May 31; on the other hand, the development team required additional time for testing, leading to the delay.

The Cosmwasm upgrade is designed to expand the capabilities of the Cosmos SDK v0.45, focusing in particular  on refining the smart contracts within the Terra (LUNA) blockchain.

“We will intend to provide any assistance we can to existing smart contract owners prior to, and post-upgrade/migration to secure that they are able to update their contracts to be compatible with cosmwasm v1.1.0,” the development team manager stated in a Medium blog post.

In spite of these announcements, Terra (LUNA) Classic’s development activity metric, which gauges the contributions of developers to the ecological system, did not see a notable increase.

Currently, the development activity stands at 5.93. This decline implies that the public GitHub repositories aimed at advancing the Terra (LUNA) network have not been as impactful as anticipated.

AiDoge – The Terra (LUNA) Luna Classic High Risk-Reward Ratio Alternative to Buy

Investors watching the cryptocurrency market structure are aware that recovery may remain suppressed as institutional investors take time to decide if this is the right time to deep their feet into the digital investment space.

Nonetheless, there are other opportunities that highlights, including some of the best-performing cryptocurrency presales like AiDoge.

This revolutionary meme cryptocurrency distinguished for merging the trending generative Artificial Intelligence (AI) and the hype around memes.

With structured text prompts, users will be able to generate memes which will likewise be rewarded for their popularity on the platform.

For the 1st time, Meme Coin creators will be able to earn from their witty and funny images through the “meme-to-earn” concept.

“Users provide text prompts for Meme Coin generation… the Artificial Intelligence (AI) processes the input, creating relevant, engaging memes, making Meme Coin creation accessible to all,” the team writes in the project’s whitepaper.

On the brighter side, the is still underway, with $12 Million raised in just several  weeks. Investors are buying 1 $ Artificial Intelligence (AI) crypto token for $0.0000324 but those interested must hurry before the price increases to $0.0000328 in four days or even earlier.

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