{"id":247685,"date":"2022-07-22T15:00:25","date_gmt":"2022-07-22T09:30:25","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=247685"},"modified":"2022-07-22T14:32:14","modified_gmt":"2022-07-22T09:02:14","slug":"lunc-holders-should-kwon-these-investment-saving-updates","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/lunc-holders-should-kwon-these-investment-saving-updates\/","title":{"rendered":"LUNC holders should ‘Kwon’ these investment-saving updates"},"content":{"rendered":"

The Terra Classic’s LUNC\u00a0was spotted breaking out of a falling wedge on 15 July on the daily chart. The token, then, embarked on a temporal upward rally.\u00a0<\/span><\/p>\n

The breakout forced an intraday 9% uptick in price, causing the token to touch a high of $0.00010639 on the same day.\u00a0<\/span><\/p>\n

However, this was followed by a minor pullback initiated by the bears. Thus, giving way for the token to exchange hands at $0.00010295 as of press time. Now, you might ask- what else transpired within the last seven-day period?\u00a0<\/span><\/p>\n

Let’s find out<\/b><\/h3>\n

The ongoing bullish cycle has led many crypto assets to report gains in the last few weeks. However, a look at the performance of the LUNC token during the past seven days told a different tale. <\/span><\/p>\n

After the bullish breakout on 15 July led the token to close the day\u2019s trading session at a high of $0.00010639, its price went on to log a 3% decline over the next seven days.\u00a0<\/span><\/p>\n

The coin\u2019s Relative Strength Index (RSI) was spotted attempting a break into the 50 neutral region on 15 July. <\/span><\/p>\n

However, after touching the 50.82 index that day, increased selling pressure was initiated by the bears over the next seven days. In a downtrend at the time of writing, the RSI marked its spot at 49.47.<\/span><\/p>\n

On the other hand, the Money Flow Index (MFI) has been on a steady decline since 12 July. Interestingly, on the day of the bullish breakout, the MFI dropped to a low of 28.25. <\/span><\/p>\n

Seeing a slight relief, the metric was pegged at 32 at the time of press.\u00a0<\/span><\/p>\n

\"\"<\/a>
Source: TradingView<\/figcaption><\/figure>\n

Furthermore, according to data from <\/span>Coingecko<\/span><\/a>, LUNC logged a 65% decline in trading volume within the period under review. Its daily trading volume dropped from $177,931,042 to $61,903,806 in the last seven days.<\/span><\/p>\n

On the chain<\/b><\/h3>\n

With nothing much going on in the Terra camp development-wise, the developmental activity for the LUNC token has been on a steady decline. <\/span><\/p>\n

28.38 at the time of press, a 15% drop in development activity was logged in the past week.<\/span><\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

Alas, on a social front, the coin\u2019s social volume registered a 22% decline. <\/span><\/p>\n

In fact, its social dominance fell by 28%. This is clearly not a good signal for investors who are bullish on LUNC. As it were, the token has been losing its street credibility for quite some time now.<\/span><\/p>\n

\"\"<\/a>
Source: Santiment<\/figcaption><\/figure>\n

On the other hand, the price of the LUNA is consolidated since 10 June. In the last seven days, data from CoinMarketCap showed an upward price movement from $1.84 to $1.92. <\/span><\/p>\n

However, in the last 24 hours, trading volume was down by 52%. Thus, indicating a lack of traction in buy and sell bids. <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

The Terra Classic’s LUNC\u00a0was spotted breaking out of a falling wedge on 15 July on the daily chart. The token, then, embarked on a temporal upward rally.\u00a0 The breakout forced an intraday 9% uptick in price, causing the token to touch a high of $0.00010639 on the same day.\u00a0 However, this was followed by aContinue reading “LUNC holders should ‘Kwon’ these investment-saving updates”<\/span><\/a><\/p>\n","protected":false},"author":64,"featured_media":247689,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[31,66,3,4,20],"tags":[1387,3492],"class_list":["post-247685","post","type-post","status-publish","format-standard","has-post-thumbnail","category-altcoins-news","category-new-news","category-news","category-social","category-trading-view","tag-luna","tag-lunc"],"acf":[],"yoast_head":"\nLUNC holders should 'Kwon' these investment-saving updates - AMBCrypto<\/title>\n<meta name=\"description\" content=\"The Terra Classic's LUNC was spotted breaking out of a falling wedge on 15 July on the daily chart. 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