As a result of a rejection from a seller congestion zone that is severe, the price of Terra Luna Classic has decreased by 32 percent.

A pessimistic market and the ongoing legal battle inside the ecosystem might cause LUNC to prolong its decline by thirty percent this week.

Terraform Labs and the Securities and Exchange Commission are scheduled to have their hearing on March 25.

As part of a larger market meltdown that is being driven by Bitcoin, the price of Terra Luna Classic (LUNC) is now trading with a negative bias, which is expected to continue the decline. The price of LUNC, on the other hand, is anticipated to be volatile in light of two key events that are scheduled to take place early the next week.

A rise in LUNC volatility is anticipated, with two events on the horizon.
In the Luna ecosystem, there are two important events that are slated to take place on March 25. The most important of them is the hearing that will take place between Terraform Labs and the United States Securities and Exchange Commission (SEC).

Do Kwon, who is the topic of the hearing, will not be present in court since he is still in Montenegro. Instead, he will be represented by his attorney, Goran Rodic, who will be present in court representing him. In accordance with the decision made by a court in Montenegro, Rodic asserts that Kwon will be extradited to South Korea by the end of March 23. This comes after the authorities in the United States raised objections to the decision to cancel Do Kwon's extradition to the United States. The response to this objection will be expected for the time being.

Since the fall of Terra in the middle of 2022, when the collapse of Terra wiped away billions of dollars of investor capital, the authorities have been working hard to get Kwon to apologize. Kwon had first escaped to Montenegro, but he was eventually taken into custody for possessing papers that had been forged.

In addition to the announcement about Kwon, the update to the Terra Classic chain will also take place on the same set of dates. The v2.4.2 upgrade proposal, which was meant to integrate IBC-Hooks to enable the onboarding of decentralized apps (dApps) into the Terra Luna Classic network, was unanimously approved, and this announcement follows the unanimous adoption of the proposal.

It is expected that the 25th of March will be an important day for LUNC, LUNA, and USTC, with support coming from both validators and members of the community. The anticipation around the event has attracted the attention of entities like as WEEX, a cryptocurrency futures trading platform located in Singapore, which recently announced the launch of LUNC spot and futures pairings.

LUNC price forecast, including events on March 25 that will serve as a counterbalance


A rejection from a strong resistance has resulted in a 32% decrease in the price of LUNC, and technical indications are indicating that this decline may continue for some time. Take note of the fact that the Relative Strength Index (RSI) is now located below the 50 midline, which indicates that the price strength is poor. Furthermore, the Awesome Oscillator (AO) has turned negative, which indicates that a bearish takeover is taking place.


With increased selling pressure, the price of Terra Classic might drop below $0.00009170, which would be a significant decrease. A shift of this kind would result in a thirty percent decrease from the existing levels.

The price of LUNC, on the other hand, may rebound if bulls were to make a comeback into the market. Late bulls would be inspired to swarm to the scene if a decisive candlestick closure occurred above the supplier congestion level. This would signify the possibility of a rally occuring. This has the potential to drive the price of LUNC further higher, maybe reaching a level where it reaches the barrier of $0.00025000.


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