Terra Classic price prediction:
LUNC is experiencing a significant surge driven by SEC settlement news, increased open interest, and positive technical indicators, indicating potential gains. As at the time of writing, $LUNC sells for $0.00012 region
Thus, LUNC has recently shown a significant surge in the cryptocurrency market. The LUNC price is currently at $0.0001217, reflecting an 9.34% increase over the past day. It hovered above $0.00012 on Friday, indicating a strong upward trend and renewed investor confidence.
Terra Classic Price Forecast: Market Optimism Drives Surge
The market capitalization of Terra Classic stands at $699.65 million, marking an 8% rise. Its 24-hour trading volume has surged by 273.87%, reaching $128.13 million, positioning LUNC at #66 in terms of volume. The volume-to-market cap ratio is 18% while the circulating supply holds at 5.79 trillion, with a total supply of 6.97 trillion.

Over the past week, LUNC price has been trading upward, with an 8% surge driven by increasing market optimism and renewed investor interest. Additionally, in the past month, this token experienced a steady rise of 15%, trading in a range of $0.0001 to $0.00012, reflecting a positive market sentiment.
SEC Settlement Sparks Interest in Terra Ecosystem Tokens
The Terra Classic tokens experienced a notable price surge following a tentative settlement between Terraform Labs (TFL), Do Kwon, and the U.S. Securities and Exchange Commission (SEC). This development comes after a jury found Kwon and his company guilty of deceiving investors of nearly $40 billion.
The agreement with the SEC has sparked significant interest in Terra ecosystem tokens. According to Coinglass data, the futures open interests for LUNC and 1000LUNC have jumped by 15% in the last 24 hours. This spike includes a 20% increase in open interest on Binance, indicating substantial buying activity by derivatives traders.
Technical Indicators Signal Bullish Momentum
As bullish sentiment gains momentum, Terra Classic (LUNC) could surpass the $0.00013 mark, signaling a renewed upward trend. This positive market shift might push the Terra Classic price toward breaching the resistance at $0.0002, aiming for $0.0005 in the next bullish cycle.
However, if market skepticism dominates, LUNC may retreat to the $0.00012 support level. A prolonged negative trend could see further declines to $0.00011, increasing the likelihood of selling pressure.
This crossover is supported by increasing histogram bars, further indicating potential upward momentum. The Relative Strength Index (RSI) is currently at 61, suggesting that LUNC is moving toward the overbought territory.

The Awesome Oscillator (AO) is presently at 0.00000850, suggesting a slight bullish momentum. The Chaikin Money Flow (CMF) stands at 0.01, indicating a marginal capital inflow into the asset, which might hint at a potential bullish trend if sustained
📍 Remember, cryptocurrency can prediction may not be always correct 💯 because a lot of fundamentals can alter the price movement even within few minutes.
So invest wisely and always do your own research
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Shiba Inu's price has re-entered the red territory after witnessing a notable rising price action yesterday. Amid this, a whale offloaded 199 Bln SHIB to Coinbase making notable profits.

Shiba Inu, the self-proclaimed Dogecoin killer, has once again birthed a tsunami of speculations across the global crypto realm. Amid its price re-entering the red territory following considerable gains witnessed yesterday, a whale has been noted to transfer colossal amounts of SHIB to Coinbase, one of the world’s leading CEXs.

This has set off a wave of mixed market sentiments, leaving the future price movements of SHIB shrouded in uncertainty. Let’s delve deeper into the recent whale data and market dynamics of one of the most renowned dog-themed meme coins.

Whale Makes Profit With Massive SHIB Transfer:
According to data streamlined by the on-chain analytics platform Spotonchain, the whale 0x541 deposited 199 billion SHIB to Coinbase today, May 17.

Notably, the whale bought these tokens from Coinbase between October 2021 and September 2023. Now, after depositing all SHIB holdings into Coinbase, the whale has realized an estimated profit of $3.2 million.

Although this phenomenon illustrated that the whale has made colossal profits via SHIB, buying at the right time, it’s worth mentioning that current sentiments do not seem so optimistic.

Market trends took a 180 turn as the whale’s transaction aligned with profit-taking behaviors. This is viewed by crypto market participants as potentially negative, as it could further increase the selling pressure on the token.

Meanwhile, as the whale dump also underscored a loss of investor interest in Shiba Inu’s potential to offer future gains, crypto traders and investors expect a waning price trajectory ahead.

SHIB’s Price Slips:
Coming in tandem with the broader market’s tumbled price movement, SHIB’s price has slipped 2.60% in the past 24 hours and is currently trading at $0.00002445. The token’s bearish movement today primarily falls in line with the massive amount of SHIB offloaded, as mentioned above.

Thus, Coinglass data revealed a 4.89% fall in SHIB’s open interest, reaching $73.43 million, followed by a derivatives volume decrease of 44.25% to $178.04 million. This data added to the bearish sentiments surrounding SHIB, flagging reduced market activity and investor interest.

Nonetheless, the RSI continued to move around 51, hinting that the asset is neither overbought nor oversold. Concerning this, if the selling pressure continues to rise, Shiba Inu could witness a waning price trajectory ahead.

NOTE:
Cryptocurrency is very volatile, invest wisely and manage your risk properly.
Not a financial advice, always do your own research.
#Crypto_Angel #Binance