LUNC Price Surges by 3%, Analysts Make Predictions about Asset’s Jump

Today was a promising day for Terra as the trading price of the asset surged significantly as the trading session went on.

LUNC’s 3% Surge

The data shows that the trading price of Terra Luna Classic (LUNC) surged significantly in the past 24-hours. A 3% surge has hit the trading asset in the past 24-hours, pushing its trading value to a high of $0.00013313.

It was the entire crypto market that seems to have supported LUNC in pushing its trading price higher. As the entire crypto market became bullish, the investors had the urge to invest in any major asset they could find.

Although LUNC has lost its credibility since the Terra crash back in May 2022, still, the LUNC community wanted to invest in the asset.

They increased their investments in the asset that helped push the trading price of LUNC higher in the past 24-hours.

Overall Performance of LUNC

Compared to the performance LUNC delivered in the past 30 days, a 3% surge holds quite a significance.

The price chart shows that in the past week, the trading price of LUNC has recorded a 6% decline. Going back to the one-month performance, LUNC has recorded a 19% dip in the past 30 days.

It is important to mention that LUNC is among the cryptocurrencies that have not demonstrated strong performances since the New Year began.

The value of the asset has continued to decline right from the start of the year. On the other hand, major cryptocurrencies such as Bitcoin, Ether, Binance Coin, XRP, and many more have demonstrated strong performances.

From the start of the year until now, all major cryptocurrencies have demonstrated strong and promising gains. However, the value of LUNC kept on declining with the start of 2023.

Further Gains are Expected

With the recent rally, the scenario seems to have changed around the trend of LUNC a bit. According to the analysts, the 3% surge seems to have convinced other investors that a rally is still possible for LUNC in the future.

As sentiments are growing bullish, they will keep acting in favor of LUNC. The trading price of the asset may continue growing stronger if more buyers keep coming in to aid the trend.

Back in May 2022, the trading price of LUNC had plunged to the very bottom at $0.000000999967 per LUNC. However, the LUNC community did not lose faith in the token.

They kept investing in the asset, which pushed its price by 13,000% from an all-time low.

With the slight push, the RSI for LUNC has surged to 70, which means that more investors will come to support the asset. This means that the trading price of LUNC may continue surging.