Analysts of the crypto $LUNC
(#TerraLunaClassic ) should also keep an eye on the overall market situation of altcoin to assess the most suitable time for a bull run.
Normally, alternative coins to #Bitcoin❗ perform well when the latter loses ground in the market in terms of capitalization dominance.
For almost 2 years now, the entire market stage has been in favor of the king of the market, which has seen its dominance grow from 40 to 58%.
As soon as we see the first drop in dominance $BTC
below the EMA 50 (currently at 54.5%), we might also observe the coordinated growth of #Altcoins👀🚀 .
Cryptos like #LUNC✅ would obviously benefit, opening the doors to brief periods of trading outside the ordinary.
Obviously, it is not certain that LUNC will precisely follow the trend of the other coins, but it is likely that it will reflect a similar pattern.
At this moment, the general alt market is weak, with few cases of coins that have outperformed Bitcoin.
Even $ETH
Ethereum is in a condition of clear weakness, overshadowed by the better performance of the top-ranked currency.
We will see if in the coming weeks something will start to move, offering appreciation opportunities for LUNC.