• Experienced crypto trader Javon Marks recently shared a technical analysis of Terra Luna Classic (LUNC), which depicted several possible scenarios of the price movement of the altcoin.
• If major support levels hold, $LUNC is predicted to rise 387% during its next bull cycle.
• The Terra Luna community has passed a governance proposal to create a fully decentralized wallet and is in communication with major exchanges such as Binance to list USTC repeg.
Terra Trader Projects LUNC Run
Experienced crypto trader Javon Marks recently shared a technical analysis of Terra Luna Classic (LUNC), depicting several possible scenarios of the price movement of the altcoin. According to the analysis, if major support levels hold, $LUNC is predicted to rise 387% during its next bull cycle. At press time, Terra Luna Classic (LUNC) trades at $0.00008232 according to CoinGecko.
Social Momentum Sparks Price Increase
The Terra Luna community has passed a governance proposal to create a fully decentralized wallet and is in communication with major exchanges such as Binance to list USTC repeg. Social momentum could also spark the embattled altcoin’s price; two veteran members recently left the L1 Joint Task Force team due to security concerns, highlighting frequent internal conflicts within the community. Despite this setback, both teams are actively working on proposals such as building a DeFi wallet and setting up a staking vault for original Terra Classic token holders.
Subject To One Key Condition
In order for $LUNC’s 387% increase during its next bull cycle, it must pass one key condition: that major support levels remain intact throughout those cycles; the fundamental support line of $0.00008 has held prices above this barrier for over a year now but there are other factors that must be taken into consideration as well.
Terra Classic USD Gained Significantly
The growth potential for Terra Lunar Classics is demonstrated by its recent 30-day activity: it saw significant gains amid talks about repegging USTC tokens onto various exchanges and platforms like Binance and Ethereum . The social momentum generated by this development could potentially push LUNCs prices even further than expected if all goes according to plan.
Conclusion
If successful in negotiations with major crypto exchanges such as Binance , and if all security measures are addressed internally within the community, then it looks likely that $LUNCs price will soar past 387% during its next bull cycle – provided that major support lines remain intact throughout these cycles .