Terra Luna Classic (LUC) has turned parabolic again today as we see a 42.39% increase in price over the past 24 hours.
September could be a huge month for the Terra Luna Classic (LUNC) community as major exchanges such as Binance and Kucoin are rumored to support token swap burning which is expected to go live on September 12th. This is a burning mechanism that effectively removes 1.2% of the supply from the total trading volume.
Will Terra Luna Classic continue to soar?
Terra Luna Classic (LUC) Price Prediction 2022
Terra Luna Classic is back in the spotlight today as investors anticipate further positive price momentum through the rest of September.
From a technical analysis perspective, the crypto Terra Luna Classic (LUC) looks extremely bullish and has reached critical resistance levels over the past few days.
LUNC must respect the support level of $0.000305 in order to avoid further downside.
At the time of writing, the Terra Luna Classic (LUC) crypto resides in a classic bull pennant where we might speculate another breakout higher.
By measuring the mast of this bullish pattern, we can assume that the technical price target would take us to around $0.000401.
It’s clear that the bulls are in control right now with Terra Luna Classic. If LUNC were able to retest the resistance trendline of $0.000354, we could see another breakout higher which could give a total of 12.74%.
This should be supported with a large amount of volume and a retest as support to validate the move to ensure it is not a false exit.
While it may be tempting to chase green candles, it should be noted that Terra Luna Classic (LUC) is currently overbought on the Relative Strength Index.
We may also see the formation of a bearish divergence, which could mean that we may have a short-term pullback and need healthy consolidation after these euphoric overbought levels.
On top of that, we can see that Terra Luna Classic is also above the upper Bollinger Band trendline (upper pink trendline), indicating that we might also see a bearish reversal occurring. rather early.
The 20 day moving average is now too wide and it would also be good to see a pullback and retest of this level to see if we can hold key support levels around $0.0003.
Terra Luna Classic Video Analysis
It’s almost as if Terra Luna Classic is completely unrelated right now and uncorrelated with Bitcoin and the rest of the crypto markets or the sentiment surrounding it.
If Terra Luna Classic is able to sustain positive price action, my guess is that we could eventually hit $0.0005 in the next few weeks.
Alternative LUNC – Tamadoge (TAMA)
While Terra Luna Classic has demonstrated fantastic performance recently, its price has already increased by 750% since June 2022. This means that the upside potential becomes limited as yields begin to decline as market capital climbs from more and more.
If you are looking for other potentially lucrative cryptocurrencies that are developed with longevity in mind and have high long-term growth potential, then tamadoge could be next.
Tamadoge is a unique and exciting coin that is deployed on the Ethereum mainnet.
What makes Tamadoge such a solid choice is that it is a deflationary coin with a maximum supply of only 2 billion coins.
Not only is it a utility-based meme coin with augmented reality integrations and opportunities to mint your own Doge NFTs, but players can also enjoy 0% transaction fees.
Tamadoge has been on presale for 5 weeks now and has already raised a whopping $11,648,050. There are only 30% of the presale pieces left and it is expected that the presale could end in October 2022.
Security is also at the forefront of developer concerns, as Tamadoge is fully audited by Solid Proof and verified by Coinsniper. This ensures that Tamadoge is 100% secure and also resistant to carpet pulls.
Investors wishing to participate in the Tamadoge presale can go to buy.tamadoge.io and buy TAMA using Ethereum or USDT by connecting their MetaMask or TrustWallets to the official website.
If you want to know more about the Tamadoge white paper and roadmap, click on here.