Terra Luna Classic (LUNC) Price Prediction: Analyst Projects 405% Growth with a Target of $0.00042986

On August 10th, Terra Luna Classic (LUNC) prices surged by 23.3% from the day's open to close, accompanied by a notable increase in trading volume.

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Terra Luna Classic (LUNC) prices experienced a significant surge on August 10th, rising by 23.3% from the day’s open to close. This rally was accompanied by a notable increase in trading volume, further highlighting the heightened activity around LUNC.

The cryptocurrency’s 1-day chart offered valuable insights into its technical performance. LUNC displayed a bullish trend, having breached the $0.000087 level. The Relative Strength Index (RSI) remained above 50, indicating buying pressure. However, the On Balance Volume (OBV) remained largely flat, and the Directional Movement Index (DMI) suggested a range-bound market.

As for derivatives activity, the open interest for 1000LUNC amounted to $15.2 million, showing a 23.94% decrease over the past 24 hours. This total included both perpetual and futures contracts.

Of particular note was the distribution of open interest across different exchanges. Binance held a substantial portion at $12.9 million, followed by Bybit at $2.3 million and WOO X at $10.6k.

At the time of writing, CoinMarketCap data showed that LUNC was trading at $0.00007923 with a decrease of 6.28% in the past day and 33.54% in the past week, as evident in the LUNC price chart below.

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