LUNA Classic Price Analysis & Prediction (Nov 29th) - LUNC Targets $0.00013 as Bears Continue to Take Charge - The VR Soldier

Despite the continuous driblet successful volatility and volume, the terms of Luna Classic remained successful a downward trend, and it is yet to retrieve from the September meltdown. It is present looking for adjacent enactment astir the $0.00013 level. 

This week, LUNC’s terms fell beneath the enactment level of $0.00016 pursuing a continuous merchantability enactment from the September precocious of $0.00059. The enactment level, which supposes to supply a rebound, appeared not to clasp astatine the moment.

Although it has recovered somewhat from $0.000148 to wherever it’s present changing hands astir the supra enactment level, this determination looks overmuch similar a retest. If the terms increases further, we tin expect it to revisit $0.0002 (around the absorption line) earlier rolling back.

There’s nary motion of bulls successful the marketplace since the terms corrected to $0.00037 successful aboriginal October, wherever the ongoing selling initiated. If the bulls are to instrumentality complaint of this trade, they would request to reclaim the $0.0002 level mislaid weeks back. Such a committedness should awesome a reversal.

The dilatory and dependable alteration appears anemic connected the regular chart. Nevertheless, it is inactive looking for a enactment level to supply a rebound. The $0.0001 level remains an indispensable level of interest. If the bulls neglect to amusement astatine this level, the terms volition proceed to autumn until it finds coagulated support.

Lunc Price Analysis (LUNCUSDT): Daily Chart

Source: Tradingview

While it trades astir a captious level owed to a tiny recovery, the adjacent selling country of involvement lies astatine the $0.00013 enactment level. It is past followed by $0.000112. Should the terms dip further, the $0.0000922 level would beryllium the adjacent enactment to support successful mind.

But if the terms recovers higher, and Luna successfully closes this week supra the $0.0002 absorption level, a buying unit should beryllium expected towards $0.00024 and $0.000279 successful nary time. However, the bears inactive person the precocious manus arsenic they power the market.

Key Resistance Levels: $0.0002, $0.00024, $0.000279

Key Support Levels: $0.00013, $0.000112, 0.0000922

• Spot Price: $0.000161
• Trend: Bearish
• Volatility: Moderate

Disclosure: This is not trading oregon concern advice. Always bash your probe earlier buying immoderate cryptocurrency oregon investing successful immoderate projects.

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