Terra Luna Classic (LUNC) has gone parabolic again today as we have seen a 42.39% increase in price over the last 24 hours.
September could be a big month for the Terra Luna Classic (LUNC) community as it is rumored that major exchanges such as Binance and Kucoin may support the swap token burning that will be launched on September 12. This is a burning mechanism that effectively removes 1.2% of the total transaction volume.
Will Terra Luna Classic continue to rise?
Terra Luna Classic (LUNC) 2022 Price Prediction
The Terra Luna Classic is now back in the spotlight as investors look for more positive price momentum through the rest of September.
From a technical analysis perspective Terra Luna Classic (LUNC) crypto looks very bullish and has broken through critical resistance levels over the past few days.
LUNC needs to respect the support level of $0.000305 to prevent further decline.
At the time of writing this article Terra Luna Classic (LUNC) crypto lives in a classic bull flag where we can speculate another breakout to the upside.
By measuring the flagpole of this bullish pattern, we can speculate that the technical price target will take us up to approximately $0.000401.
It’s pretty clear that the bulls can be controlled now with Terra Luna Classic. If LUNC can retest the $0.000354 resistance trend line, we could see another breakout to the upside that could yield a total of 12.74%.
This will have to be supported with a large amount of volume and retest as support to validate the move to ensure that it is not fake out.
Although it may be tempting to chase the green candle, it should be noted that Terra Luna Classic (LUNC) is currently overbought on the relative strength index.
We can also see the formation of a bearish divergence which can mean that we can because the short term pull back and require some healthy consolidation below the level of euphoric overbought.
In addition, we can see that Terra Luna Classic is also sitting above the upper trend line of the bollinger band (upper pink trend line) which indicates that we may also see a bearish reversal soon.
The 20-day moving average is now overextended and it is also good to see a pull back and retest from this level to see if we can hold the key support level around $0.0003.
Terra Luna Classic Video Analysis
It’s almost as if Terra Luna Classic is now independent and has nothing to do with it Bitcoin and others from the crypto market or environmental sentiment.
If Terra Luna Classic can maintain its positive price action, I would expect it to reach $0.0005 in the next few weeks.
Alternative to LUNC – Tamadoge (TAMA)
While Terra Luna Classic has recently shown excellent performance, its price has increased by 750% since June 2022. This means that its upside potential is limited as returns begin to diminish as the market capitalization rises higher.
If you are looking for another profitable cryptocurrency that is developed with longevity and has high long-term growth potential then Tamadoge could be next.
Tamadoge is a unique and fun play-to-ear meme coin embedded in the Ethereum mainnet.
What makes Tamadoge a strong choice is that it is a deflationary meme coin with a maximum supply of only 2 billion coins.
Not only is it a meme coin based on utility with the integration of augmented reality and the opportunity to mint Doge NFTs themselves, players can also take advantage of 0% transaction fees.
Tamadoge is currently on presale for the past 5 weeks and has generated $11,648,050. Only 30% of the presale coins are left and the presale is expected to end in October 2022.
Security is also at the forefront of developers as Tamadoge has been audited by Solid Proof and verified by Coinsniper. This ensures that Tamadoge is 100% safe and also carpet pulling proof.
Investors who want to participate in the Tamadoge presale can go to buy.tamadoge.io and buy TAMA using Ethereum or USDT by connecting MetaMask or TrustWallets to the official site.
If you want to learn more about Tamadoge’s white paper and roadmap click here.