• The price of Terra Luna Classic (LUNC) has fallen by 1% in the past 24 hours following a potential phishing scam on the terra.money website.
• LUNC is down by 15% in the past week and by 25% in the last 30 days, with the altcoin having declined by 54% since the beginning of the year.
• However, one recent proposal to burn 800 million USTC passed this week, lending hope to those waiting on significant gains for LUNC.
Terra Luna Classic Price Prediction
The price of Terra Luna Classic (LUNC) has dropped by 1% in the past 24 hours, with its fall to $0.00006553 coming after the terra.money website was hacked for phishing purposes. LUNC is also down by 15% in the past week and 25% in the last 30 days, with a decline of 54% since January 1st compared to other major coins (BTC, ETH and XRP). Despite this downtrend, there is still hope as a recent proposal to burn 800 million USTC passed this week.
Relative Strength Index
The relative strength index (RSI) has climbed back up from below 20 over the weekend to 30, which may signal a slight recovery of momentum that could potentially translate into a rebound for LUNC over time. Additionally, its 30-day moving average has fallen way below its 200-day average, which could signify substantial overselling and undervaluation as well as strong incoming recovery potential.
However, there are indications that LUNC may be heading towards terminal decline – it has been steadily falling since early 2021 and now after being hacked it appears investors have an even greater reason not to trust it or invest in it due to questions around security.
Despite these negative indicators there is still hope that LUNC could make some sort of recovery with its RSI increasing slightly as well as its 30-day moving average suggesting significant overselling and undervaluation along with strong incoming recovery potential.
In conclusion while things look grim at present for Terra Luna Classic (LUNC), there are still signs that it could potentially make some kind of comeback if certain conditions are met such as increased security measures and further governance proposals passing successfully. Ultimately only time will tell if this will happen but at least there is some optimism for investors right now who are hoping against all odds that their investments don’t go completely down the drain!