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🤔Markets are still digesting the rate cut, and instead of a clean trend, we get a session where each story instantly feeds into positioning. Nothing breaks, nothing rallies, but traders treat 🤔every datapoint as a signal because liquidity is thin and direction is unclear. 🤷 $XRP #XRPRealityCheck
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The daily chart shows that the LUNC price jumped from this month’s low of $0.00002488 on Dec. 1 to a high of $0.00008055 on 6th. The rally happened ahead of Do Kwon’s sentencing. 🧐 LUNC token has now plunged as investors sell the news now that the sentence has happened. It has moved below the important support level at $0.000047, which was the neckline of the double-top pattern.🤔 Therefore, the most likely LUNC price forecast is bearish, with the next key support level being at $0.00002488, its lowest level this month, which is ~45% below the current level. A move above below that level will point to more downside in the near term.🙈 $LUNC $LUNA #LUNC
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$LUNC At its peak, Terra operated two tokens, all of which collapsed in 2022, a move that accelerated the crypto crash that happened during the year. It was also a key cause of the FTX collapse during that year After the collapse, the community members took over LUNC and USTC, as Do Kwon and his team launched Terra 2.0, which he hoped would help stage a comeback, a move that has stalled since his legal issues emerged. #LUNC LUNC still has a vibrant community that constantly votes on proposals, with the ultimate goal being its recovery. It is also widely supported by Binance, the biggest crypto exchange in the world, which burns millions of Terra Classic tokens a month. 💡
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Thursday opens with a post-Fed reset as XRP fee revenue collapses, a Satoshi statue lands inside the NYSE and Bitcoin shows a 4,100% liquidation imbalance that quite eloquently characterizes the entire market right now $XRP #xrp
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Terra Luna Classic (LUNC) price dropped over 45% from its weekly high to $0.00004587. This plunge, following Do Kwon's sentence, erased millions in market value. $LUNC #LUNC #Write2Earn!
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