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LUNC’s Price Volatility May Continue in the Next 24 Hours

Published 02/06/2023, 02:00 AM
LUNC’s Price Volatility May Continue in the Next 24 Hours
LUNAt/USD
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  • LUNC’s price has dropped 2.68% after a volatile 24 hours.

  • The altcoin’s price reached a high of $0.00021107 in the last few hours.

  • Technical indicators suggest that there may be another pump in LUNC’s price.

The price of Terra Classic (LUNC) has dropped 2.68% according to the crypto market tracking website, CoinMarketCap. As a result, the price of LUNC stands at $0.0001872 at press time. This price drop comes after a somewhat volatile trading session over the last 24 hours that saw LUNC’s price reach a daily high of $0.0001945.

2-hour chart for LUNC/USDT (Source: TradingView)

The volatility in LUNC’s price can be seen on the 2-hour chart for the altcoin. The volatility started with a pump in LUNC’s price from a low of $0.00016661 to a high of $0.00021107. At this local top, traders took profit – resulting in the 2-hour candle closing below the resistance at $0.00020628.

This triggered some panic selling which dragged LUNC’s price down to a low of $0.00018646 before recovering slightly to enter into another pump above the $0.00020628 resistance level. This move above the aforementioned resistance level was again a fake out and the market res…

The post LUNC’s Price Volatility May Continue in the Next 24 Hours appeared first on Coin Edition.

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