{"id":573403,"date":"2024-02-05T23:00:28","date_gmt":"2024-02-05T23:00:28","guid":{"rendered":"https:\/\/uniquehot.com\/?p=573403"},"modified":"2024-06-11T12:39:11","modified_gmt":"2024-06-11T12:39:11","slug":"lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says\/","title":{"rendered":"LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says"},"content":{"rendered":"

Over the weekend, the LUNC price saw some of the most bullish price action<\/a> that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue.<\/p>\n

Prepare For The LUNC Price To Double<\/h2>\n

The LUNC price<\/a>, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed<\/a> by crypto analyst Ava Cryptoo on TradingView. This Falling Wedge Breakout<\/a> is significant as it often precedes some of the most significant rallies in cryptocurrencies, such as LUNC.<\/p>\n

Related Reading: Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price?<\/a><\/div>\n

The price of the altcoin is currently retesting the significant resistance at $0.000115. Now, this level is significant because rejection from this level had initially stopped the LUNC price breakout on Saturday. Now that the price is starting to retest it again, it shows that the bulls are far from done with this altcoin.<\/p>\n

\"LUNC<\/p>\n

Source: Tradingview.com<\/a><\/pre>\n
In a scenario where the LUNC price successfully retests and breaks above this level, then the crypto analyst expects that the price will more than double from its current level. They put the price target for the altcoin<\/a> as high as $0.00022, and the timeline for this is shown to be a matter of days. However, all of this hinges on the fact that the price makes a \u201cPerfect Retest\u201d and breaks out completely.<\/p>\n
\"LUNC<\/p>\n
Token price climbs to $0.000114 | Source: LUNCUSDT on Tradingview.com<\/a><\/pre>\n
Why Is The Altcoin Rallying Amid Low Market Sentiment?<\/h2>\n
The LUNC price breaking out during such slow market movements suggests an end to the accumulation that happened below $0.0001. In addition to this, Binance carrying out its scheduled LUNC burn contributed to the rise in price that was seen this weekend.<\/p>\n
Binance, the largest crypto exchange in the world, has been committed to burning LUNC tokens<\/a> realized from fees in an effort to help reduce its vast supply. The latest burn<\/a> which took place on February 1 saw approximately 2.1 billion tokens performantly removed from circulation.<\/p>\n
Related Reading: Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over?<\/a><\/div>\n
This is the 18th burn that the crypto exchange has carried out, each time removing hundreds of millions to billions of tokens from circulation. Following this burn, the crypto exchange has helped the LUNC burn figure cross the 51 billion threshold.<\/p>\n
A wave of excitement naturally followed the monthly burn<\/a> as the price started to rise rapidly. The LUNC trading volume reportedly surged more than 700% at the time, at first triggering a 10% increase in price<\/a>. By the time the weekend was over, the LUNC price had already risen more than 20%, and continues to hold on to the majority of its gains.<\/p>\n
Follow Best Owie on X (formerly Twitter)<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from Dall.E, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Over the weekend, the LUNC price saw some of the most bullish price action that sent its price soaring over 20%. This rally eventually brought the price above $0.0001 after struggling around $0.00009 for the last two weeks. However, the tides seem to be completely changing for the altcoin, as one analyst expects the rally to continue. Prepare For The LUNC Price To Double The LUNC price, despite having risen so much, is still showing signs of a continuation. This is evident in the Falling Wedge Breakout that was confirmed by crypto analyst Ava Cryptoo on TradingView. This Falling Wedge Breakout is significant as it often precedes some of the most significant rallies in cryptocurrencies, such as LUNC. Related Reading: Dogecoin Adoption Rate Touches New ATH, But Why Is This AI Bearish On DOGE Price? The price of the altcoin is currently retesting the significant resistance at $0.000115. Now, this level is significant because rejection from this level had initially stopped the LUNC price breakout on Saturday. Now that the price is starting to retest it again, it shows that the bulls are far from done with this altcoin. Source: Tradingview.com In a scenario where the LUNC price successfully retests and breaks above this level, then the crypto analyst expects that the price will more than double from its current level. They put the price target for the altcoin as high as $0.00022, and the timeline for this is shown to be a matter of days. However, all of this hinges on the fact that the price makes a \u201cPerfect Retest\u201d and breaks out completely. Token price climbs to $0.000114 | Source: LUNCUSDT on Tradingview.com Why Is The Altcoin Rallying Amid Low Market Sentiment? The LUNC price breaking out during such slow market movements suggests an end to the accumulation that happened below $0.0001. In addition to this, Binance carrying out its scheduled LUNC burn contributed to the rise in price that was seen this weekend. Binance, the largest crypto exchange in the world, has been committed to burning LUNC tokens realized from fees in an effort to help reduce its vast supply. The latest burn which took place on February 1 saw approximately 2.1 billion tokens performantly removed from circulation. Related Reading: Bitcoin Fear & Greed Index Reaches Lowest Level In Three Months, Is The Bleed Over? This is the 18th burn that the crypto exchange has carried out, each time removing hundreds of millions to billions of tokens from circulation. Following this burn, the crypto exchange has helped the LUNC burn figure cross the 51 billion threshold. A wave of excitement naturally followed the monthly burn as the price started to rise rapidly. The LUNC trading volume reportedly surged more than 700% at the time, at first triggering a 10% increase in price. By the time the weekend was over, the LUNC price had already risen more than 20%, and continues to hold on to the majority of its gains. Follow Best Owie on X (formerly Twitter) for market insights, updates, and the occasional funny tweet\u2026 Featured image from Dall.E, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":573409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[167,6664,26263,14690,86067,90558,86792,90556,91521,91522,86977,86796,65698,86254,90868,90450],"class_list":["post-573403","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-analyst","tag-crypto","tag-crypto-analyst","tag-crypto-news","tag-lunc","tag-lunc-news","tag-lunc-price","tag-lunc-price-prediction","tag-lunc-price-rally","tag-lunc-recovery","tag-luncusd","tag-luncusdt","tag-terra","tag-terra-classic","tag-terra-classic-news","tag-terra-news"],"acf":[],"yoast_head":"\nLUNC Price Rally Is 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/uniquehot.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says","url":"http:\/\/uniquehot.com\/news\/lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/LUNC-Price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/LUNC-Price.jpeg?fit=1024%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["analyst","crypto","crypto analyst","crypto news","lunc","lunc news","lunc price","lunc price prediction","lunc price rally","lunc recovery","luncusd","luncusdt","terra","terra classic","terra classic news","terra news"],"dateCreated":"2024-02-05T23:00:28Z","datePublished":"2024-02-05T23:00:28Z","dateModified":"2024-06-11T12:39:11Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"LUNC Price Rally Is Far From Over Following Falling Wedge Breakout, Analyst Says\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/lunc-price-rally-is-far-from-over-following-falling-wedge-breakout-analyst-says\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/LUNC-Price.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/02\\\/LUNC-Price.jpeg?fit=1024%2C1024\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"analyst\",\"crypto\",\"crypto analyst\",\"crypto news\",\"lunc\",\"lunc news\",\"lunc price\",\"lunc price prediction\",\"lunc price rally\",\"lunc recovery\",\"luncusd\",\"luncusdt\",\"terra\",\"terra classic\",\"terra classic news\",\"terra news\"],\"dateCreated\":\"2024-02-05T23:00:28Z\",\"datePublished\":\"2024-02-05T23:00:28Z\",\"dateModified\":\"2024-06-11T12:39:11Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/02\/LUNC-Price.jpeg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573403"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=573403"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/573403\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/573409"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=573403"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=573403"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=573403"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}