So Where Do We Go From Here?
Despite the price action, LUNC remains a player in the crypto arena. Its price movements will depend on various elements, including market perception, investor behavior, and the overall state of the cryptocurrency market. If things turn around, we might see a price recovery. But if the bearish trends keep rolling in, we could be in for more declines.
And just a side note for those curious about transacting large sums on exchanges: there’s a ton of liquidity, advanced trading features, enhanced security measures, and regulatory compliance. Plus, big exchanges are often where the Bitcoin flows.
before crashing over 57% to $0.000076. The coin dropped below the ascending trendline and the 50-day and 100-day Exponential Moving Averages have made a bearish crossover. There’s also a head and shoulders pattern forming.
If you thought burns would save the day, think again. The LUNC price is likely to keep dropping, with $0.000050 as the next target.
