Terra Classic (LUNC) Takes a Wild Ride: Sharp Drop, Quick Recovery
- Terra Classic (LUNC) saw a sudden drop from $0.0001167 to $0.0001121 before recovering to $0.0001140 within minutes on May 28.
- Increased trading volume signals growing interest, potentially bolstering LUNC’s recovery despite recent volatility.
- Analyst predicts a possible LUNC, but large investor participation and stronger market indicators are needed for validation.
The price of Terra Classic (LUNC) sharply declined from $0.0001167 to $0.0001121 within minutes on May 28. Later on, the price recovered and reached $0.0001140, where it stood at press time.
The crash was unexpected for holders of the token, considering LUNC had registered an impressive performance in the last seven days, even though most tokens in the market were consolidating.
Analyst Predicts Big Move
According to CoinMarketCap, LUNC’s volume has increased by 47.48% in the last 24 hours. This increase in volume suggests increasing interest in the cryptocurrency. Should the volume continue to increase, it could serve as strength for the upswing and LUNC might be able to recover.
However, a decline in the trading volume could weaken LUNC. If this occurs, the value of the token could dr…
The post Terra Classic (LUNC) Takes a Wild Ride: Sharp Drop, Quick Recovery appeared first on Coin Edition.
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Terra Classic (LUNC) Takes a Wild Ride: Sharp Drop, Quick Recovery
- Terra Classic (LUNC) saw a sudden drop from $0.0001167 to $0.0001121 before recovering to $0.0001140 within minutes on May 28.
- Increased trading volume signals growing interest, potentially bolstering LUNC’s recovery despite recent volatility.
- Analyst predicts a possible LUNC, but large investor participation and stronger market indicators are needed for validation.
The price of Terra Classic (LUNC) sharply declined from $0.0001167 to $0.0001121 within minutes on May 28. Later on, the price recovered and reached $0.0001140, where it stood at press time.
The crash was unexpected for holders of the token, considering LUNC had registered an impressive performance in the last seven days, even though most tokens in the market were consolidating.
Analyst Predicts Big Move
According to CoinMarketCap, LUNC’s volume has increased by 47.48% in the last 24 hours. This increase in volume suggests increasing interest in the cryptocurrency. Should the volume continue to increase, it could serve as strength for the upswing and LUNC might be able to recover.
However, a decline in the trading volume could weaken LUNC. If this occurs, the value of the token could dr…
The post Terra Classic (LUNC) Takes a Wild Ride: Sharp Drop, Quick Recovery appeared first on Coin Edition.
Read More