Terra Luna Classic Crypto Price Prediction 2022

Terra Luna Classic (LUNC) has again turned parabolic today as we see a 42.39% price increase in the last 24 hours.

September could be a big month for the Terra Luna Classic (LUNC) community as major exchanges such as Binance and Kucoin are rumored to support the token swap burn which is set to go live on September 12th. This is a burning mechanism that effectively removes 1.2% in supply of total transaction volume.

Will the Terra Luna Classic continue to rise?

Terra Luna Classic (LUNC) Price Estimate 2022

The Terra Luna Classic is back in the spotlight today as investors expect further positive price momentum through the rest of September.

From a technical analysis perspective, the Terra Luna Classic (LUNC) crypto looks extremely bullish and has exploded through critical resistance levels in recent days.

LUNC needs to respect the $0.000305 support level to prevent continuation to the downside.

At the time of writing, Terra Luna Classic (LUNC) crypto is in a classic bull pennant where we can speculate on another breakout to the upside.

By measuring the flagpole of this bullish pattern, we can speculate that the technical price target will bring us up to about $0.000401.

It’s pretty clear that the bulls are in control at the moment with the Terra Luna Classic. Should LUNC be able to retest the resistance trendline at $0.000354, we could see another breakout to the upside which could add a total of 12.74%.

This needs to be backed up with a large volume and a retest as support to validate the move to ensure it is not a false out.

While it may be tempting to chase the green lights, it’s worth noting that Terra Luna Classic (LUNC) is currently overbought on the relative strength index.

We could also see the formation of a bearish divergence which could mean we could be due for a short-term pullback and require some healthy consolidation after these overbought euphoric levels.

In addition to this, we can see that the Terra Luna Classic is also sitting above the top trend line of the Bollinger band (top pink trend line) which indicates that we may also see a bearish reversal play out quite soon.

The 20-day moving average is now overextended and it would also be good to see a pullback and a retest of this level to see if we can hold key support levels around $0.0003.

Terra Luna classic video analysis

It’s almost as if Terra Luna Classic is completely independent right now and not correlated with Bitcoin and the rest of the crypto markets or the sentiment around it.

Should Terra Luna Classic be able to sustain positive price action, I speculate that we could possibly reach $0.0005 in the next few weeks.

LUNC Alternative – Tamadoge (TAMA)

While Terra Luna Classic has shown fantastic performance recently, it has already seen a 750% increase in price since June 2022. This means upside potential is limited as returns begin to diminish as the market cap climbs higher and higher.

If you’re looking for other potentially lucrative cryptocurrencies that have been developed with longevity in mind and have high long-term growth potential, Tamadoge could be next.

Tamadoge is a unique and exciting play-to-earn meme coin distributed on the Ethereum network.

What makes Tamadoge such a strong choice is that it is a deflationary meme coin with a maximum supply of only 2 billion coins.

Not only is it a tool-based meme coin with augmented reality integrations and opportunities to create your very own Doge NFTs, players can also benefit from 0% transaction fees.

Tamadoge has currently been in pre-sale for the past 5 weeks and has already raised a whopping $11,648,050. Only 30% of the presale coins are left and it is predicted that the presale could be completed in October 2022.

Security is also at the forefront of the developers’ minds, as Tamadoge is fully audited by Solid Proof and verified by Coinsniper. This ensures that Tamadoge is 100% safe and is also carpet safe.

Investors who wish to participate in the Tamadoge pre-sale can head over to buy.tamadoge.io and purchase TAMA using Ethereum or USDT by connecting MetaMask or TrustWallets to the official site.

If you would like to learn more about the Tamadoge White Paper and Roadmap, click here.