Terra Luna Classic Only hours prior to the vote, backers are still laboring to keep the support above support at $0.00014 at the beginning of the New Year. In 2021, cryptocurrency investors and enthusiasts were filled with optimism for the year 2022, which is expected to be a period of numerous developments and milestones.
Naturally, discussions around cryptocurrency were frequently carried out by the general public. Ethereum (ETH) is dissimilar from Bitcoin (BTC). Sports corporations such as FTX and FTX carried out flashy promotions for stadiums. Crypto.com also had a successful year.
A year later, however, the mood has soured, with the collapse of Terra (LUNA) and its stablecoin ecosystem supported by TerraUSD (UST). It has been a continued decline for the leading cryptocurrency, as well as for companies such as Three Arrows Capital, Voyager Digital, and Celsius Network.
Investors are expecting a rally by the end of the year, but Sam Bankman-Fried’s After suffering a liquidity crisis, the FTX exchange crashed in November. FTX and its sister company Alameda Research were sued by over one hundred entities and the firm itself filed for Chapter 11 bankruptcy. BlockFi’s exposure to FTX made it impossible for the exchange to survive, and they declared insolvency.
Projected Terra Luna Classic Price You are looking for a fund
Terra Classic The price has dropped to $0.0000146, as the bulls continue to strive to keep up the support provided by the descending dotted trend line. Green candle momentum is developing, but it will be more significant if the price goes up and remains above the resistance level at $0.0001546.
The Potential bullish outlook on LUNC for the short term, pending another move beyond the subsequent downtrend line as seen on the 12 hour time-frame chart. Investors should be urged to prop up the initiative if they take action at this point. Terra Luna Classic Price for speculation is probable at $0.0005888.
Should LUNC may have a difficult start in 2023 if it fails to replicate previous moves. Note A clear break below the trend line’s supportive dotted could cause another sell-off and panic among investors.
Adding Credence to the bearish outlook for the Terra Luna Classic The price is Directional Movement Index (DMI), currently sending a sell-signal. Traders For bears to be aggressive, they will need to look for the –DI (brown) crossing over the +DI(blue). In This case, the dips could extend to the demand zone of $0.000085 to $0.000011, which is the lowest level LUNC has searched for since June this year.
Altcoins To consider in Q1 2023
Despite the crypto winter continuing, investors need to adjust their portfolios in order to survive through 2023. Renowned Analysts such as Peter Brandt We believe that the bearish market could continue until the end 2023, as cryptocurrencies move in an unsteady trend.
Therefore, it is important to evaluate upcoming projects that have higher returns. These tokens are still in pre-sales, awaiting initial exchange listing. Some of them as early as January 2023.
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