• Advertise
  • Submit a Press Release
  • About Us
NewsBTC

Bitcoin & cryptocurrency news

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • CasinosTry
  • Play GamesTry
  • Play Casino GamesTry
  • Best Crypto CasinoTry
No Result
View All Result
Bitcoin News
No Result
View All Result
Breaking News: Ethereum Price Cracks Above $2,000 As BlackRock Eyes ETH ETF
Luna Classic

Luna Classic (LUNC) Price Under Bearish Pull Despite New Developments

anushsamal by anushsamal
12 months ago
in Cryptocurrency Market News
Reading Time: 2 mins read

The LUNA Classic (LUNC) price has noted a fresh decline in the last 24 hours. In that time frame, the altcoin depreciated by 1%. In the past week, LUNC logged gains worth 2.5%. Much of the weekly gains have been lost due to losses on the daily chart.

At the moment, LUNC depicts consolidation beneath its immediate resistance mark. With the FTX collapse, LUNC has been teetering under a bearish influence for quite some time. Over the last month, the coin has lost more than 10% of its market value.

On the development front, there is a new update. This is the introduction of the new Alpha package for TerraDart. TerraDart is a Dart SDK that is used for writing applications that would be interacting with the Terra blockchain, which has launched a new package called Alpha. The Alpha package has been available to communicate with the LUNC blockchain within Flutter and Dart environments.

Related Reading: Yearn Finance: What The Final Quarter Of 2022 Has In Store For YFI Price

Luna Classic (LUNC) Price Analysis: One-Day Chart

Luna Classic
Luna Classic was priced at $0.00016 on the one-day chart | Source: LUNCUSD on TradingView

LUNC was exchanging hands at $0.000162 at press time. The altcoin just fell from $0.000170 due to intra-day losses. Even with developments in the ecosystem, the LUNC price remains largely unaltered. The rigid price ceiling was at $0.000175, but demand for the coin was too low for bulls to take charge. Once the altcoin topples above the $0.000175 mark, it will be an easy path to the psychological level of $0.00019.

On the flip side, with lesser accumulation, LUNC would eye its closest support line of $0.000148. Falling through the $0.000148 mark will bring LUNC to $0.00012. The amount of LUNC traded in the last session was low, indicating bearish strength.

Technical Analysis

Luna Classic
Luna Classic noted a fall in buying strength on the one-day chart | Source: LUNCUSD on TradingView

In the past month, the coin displayed a bullish divergence, after which LUNC noted a slight increase in price. Despite that, the bulls could not build on their strength. The Relative Strength Index was near the 40-mark, which meant that the coin was moving toward the oversold zone.

Similarly, the LUNC price was below the 20-Simple Moving Average line, which denoted a lack of demand. The reading also indicates that sellers were driving the price momentum in the market.

Luna Classic
Luna Classic registered low capital inflows on the one-day chart | Source: LUNCUSD on TradingView

In regards to buying strength, capital inflows have also declined due to a lack of investor interest. The Chaikin Money Flow depicts capital inflows and outflows at a given point. The indicator was below the half-line which meant low capital inflows.

Related Reading: Ethereum: On-Chain And Social Metrics Reveal Bulls Vs. Bears Battle – Who’s Winning?

The Directional Movement Index indicates the general price direction and trend of the asset. DMI was negative as the -DI (orange) line was above the +DI (blue) line. The Average Directional Index (red) was below the 25 mark, indicating a loss of strength in the current price action.

Presently, LUNC is trading at 100% lower than its all-time high secured approximately eight months ago.

Featured image from Wccftech, Chart: TradingView.com 
Tags: Luna ClassicLUNCLUNCUSDLUNCUSDT
Tweet123Share196ShareSend
anushsamal

anushsamal

Related Posts

Solana

Solana TVL Balloons To Over $600 Million – What This Means For SOL Price

6 hours ago
Ethereum

Crypto Analyst Says It’s “Not Too Late” To Buy Ethereum, Here’s Why

8 hours ago
Bitcoin & Ethereum Prices Surge as Bitcoin Minetrix Token Looks Set to Pump Next

Bitcoin & Ethereum Prices Surge as Bitcoin Minetrix Token Looks Set to Pump Next

8 hours ago
Bitcoin

Bitcoin Cycle Analysis And Macro Factors Reveal When Price Will Reach $125,000

10 hours ago
Ethereum burn deflationary

Ethereum Turns Deflationary With Over 106,000 ETH Burned In A Single Month

13 hours ago
Bitcoin $200,000 Small

Crypto Analyst Predicts Bitcoin 400% Surge To $200,000, Here’s When

16 hours ago

Premium Partners

Top Casinos

BitStarz

BitStarz

Review · Visit
Punt Casino

Punt Casino

Review · Visit
Trust Dice

Trust Dice

Review · Visit
mBit

mBit

Review · Visit
Inmerion

Inmerion

Review · Visit

Press Releases

  • BC.GAME Honored with the “Best Casino Operator 2023”...

    9 hours ago
  • Bitcoin, Ethereum, Dogecoin Surge on Fed Remarks; Analysts...

    12 hours ago
  • Sui Prepares for Token Unlocks, Bearish Indicator? Dogecoin...

    14 hours ago
  • New Digital Wallet Tezro Aims to Revolutionize Banking

    17 hours ago
  • NEO ZENTECH Emerges: My NEO Group Announces Major...

    18 hours ago

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

Company

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

© 2023 NewsBTC. All Rights Reserved.

  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
    • Research
    • Gambling
      • Crypto Casinos
      • Real Money Casinos
      • Casinos not on Gamstop
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Learn
    • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
    • Categories
  • Events
  • Casinos
  • Play Games
  • Play Casino Games
  • Best Crypto Casino

© 2023 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.