{"id":416857,"date":"2024-08-22T19:30:02","date_gmt":"2024-08-22T14:00:02","guid":{"rendered":"https:\/\/ambcrypto.com\/?p=416857"},"modified":"2024-08-22T15:07:28","modified_gmt":"2024-08-22T09:37:28","slug":"lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how","status":"publish","type":"post","link":"https:\/\/ambcrypto.com\/lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how\/","title":{"rendered":"LUNC eyes a 600% breakout despite Gemini delisting &#8211; Here&#8217;s how!"},"content":{"rendered":"<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">LUNC defies Gemini&#8217;s delisting with a price surge, eyeing a potential 600% breakout.<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Tightening volatility signals a possible LUNC breakout toward $0.000593 despite delisting concerns.<\/span><\/em><\/li>\n<\/ul>\n<p><a href=\"https:\/\/ambcrypto.com\/terra-luna-lunc-price-prediction-34\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Terra Luna Classic [LUNC]<\/span><\/a><span style=\"font-weight: 400;\"> was trading at <\/span><a href=\"https:\/\/www.coingecko.com\/en\/coins\/terra-luna-classic\"><span style=\"font-weight: 400;\">$0.00008363<\/span><\/a><span style=\"font-weight: 400;\"> at press time, with a recent 24-hour trading volume of $25,259,192. Over the past 7 days, LUNC has shown a price increase of 8.55%, with a notable 3.75% rise within the last 24 hours.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Crypto analyst Javon Marks <\/span><a href=\"https:\/\/x.com\/JavonTM1\/status\/1826300039825592500\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">anticipates<\/span><\/a><span style=\"font-weight: 400;\"> a breakout toward $0.000593. This target would represent a gain of over 600% from current levels, drawing attention from both traders and investors in the crypto market.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Javon Marks,\u00a0<\/span><\/p>\n<blockquote><p><span style=\"font-weight: 400;\">\u201c$LUNC (Terra Classic) is currently holding another BREAKOUT. The target is $0.000593, which is over 612% upside from here.\u201d\u00a0<\/span><\/p><\/blockquote>\n<p><span style=\"font-weight: 400;\">Such projections have fueled excitement within the trading community, with many waiting to see whether LUNC will meet these expectations.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon.jpeg\"><img decoding=\"async\" class=\"aligncenter wp-image-416859 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon.jpeg\" alt=\"\" width=\"1199\" height=\"665\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon.jpeg 1199w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon-300x166.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon-1024x568.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/LUNC-Javon-768x426.jpeg 768w\" sizes=\"(max-width: 1199px) 100vw, 1199px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Source: X<\/span><\/p>\n<h2><b>Tightening volatility in LUNC: Will It trigger a major breakout?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The Bollinger Bands indicate tightening volatility, suggesting a potential shift in price direction. The price is currently near the middle band, signaling a possible breakout toward higher levels.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Should LUNC push above the upper band, this could trigger a bullish rally, although failure to break through could result in further consolidation around the current price levels.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other technical indicators, such as the MACD, also hint at bullish momentum. A crossover has been observed, with the MACD line moving above the signal line, which often suggests growing market optimism.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the strength of this uptrend remains moderate, as indicated by the relatively low MACD histogram values.<\/span><\/p>\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview.png\"><img decoding=\"async\" class=\"aligncenter wp-image-416860 size-full\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview.png\" alt=\"\" width=\"1524\" height=\"1096\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview.png 1524w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview-300x216.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview-1024x736.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview-768x552.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/lunc-tradingview-1200x863.png 1200w\" sizes=\"(max-width: 1524px) 100vw, 1524px\" \/><\/a><\/p>\n<p><span style=\"font-weight: 400;\">Source: <\/span><span style=\"font-weight: 400;\">TradingView<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At press time, the Relative Strength Index (RSI) for LUNC was at 57.17, reflecting mild bullish sentiment. This level places the RSI in a neutral zone, leaving room for upward movement without the risk of being overbought.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Traders are watching these metrics closely to gauge LUNC&#8217;s potential for further gains, particularly in light of the forecasted breakout towards $0.000593.<\/span><\/p>\n<h2><b>LUNC defies Gemini delisting news<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">In a recent development, the Gemini crypto exchange <\/span><a href=\"https:\/\/x.com\/TerraHaberTr\/status\/1825635420660457486\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">announced<\/span><\/a><span style=\"font-weight: 400;\"> plans to delist several digital assets, including Terra Luna Classic (LUNC). The delisting is scheduled to take effect on September 20, 2024.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Users holding LUNC are advised to transfer their assets to other wallets before this deadline. Despite the news, LUNC&#8217;s price saw a 3% increase, reflecting broader market recovery trends.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Gemini has stated that its decision followed a routine review, concluding that certain assets did not meet the exchange&#8217;s listing criteria. While the reasoning behind the delisting remains unclear, it has not had a major impact on LUNC\u2019s performance as of now.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Traders remain cautiously optimistic, focusing on potential short-term gains and the broader market\u2019s recovery trajectory.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Adding to the recent developments, Terra disclosed that a Plan <\/span><a href=\"https:\/\/drive.google.com\/file\/d\/18mBtei8mPNfqUtRKHUSyHGI_wPl55gTH\/view\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Confirmation<\/span><\/a><span style=\"font-weight: 400;\"> Hearing for the Chapter 11 bankruptcy cases of Terraform Labs Pte Ltd (TFL) and Terraform Labs Limited (TLL) will take place on September 19, 2024.\u00a0<\/span><\/p>\n<hr \/>\n<p style=\"text-align: center;\">Is your portfolio green? Check the\u00a0<a href=\"https:\/\/ambcrypto.com\/calculator\/terra-luna-profit-calculator\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">LUNC Profit Calculator<\/a><\/p>\n<hr \/>\n<p><span style=\"font-weight: 400;\">The hearing will focus on the company&#8217;s bankruptcy restructuring process. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This event may influence market sentiment around both LUNA and LUNC in the coming weeks, as investors await the outcome of the legal proceedings.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>LUNC defies delisting fears with a 3% rise as analysts predict a potential 600% breakout.<\/p>\n","protected":false},"author":95,"featured_media":416927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[66,3,4,6371,20],"tags":[6427],"class_list":["post-416857","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-news","category-news","category-social","category-terra-luna-classic","category-trading-view","tag-ambcrypto"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LUNC Poised for a Massive 600% Breakout\u2014Could It Hit $0.000593 Soon?<\/title>\n<meta name=\"description\" content=\"Terra Luna Classic (LUNC) eyes a 600% breakout despite Gemini&#039;s delisting plans and tightening volatility signals.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-image-preview:large\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ambcrypto.com\/lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LUNC eyes a 600% breakout despite Gemini delisting - Here&#039;s how! - AMBCrypto\" \/>\n<meta property=\"og:description\" content=\"LUNC defies delisting fears with a 3% rise as analysts predict a potential 600% breakout.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ambcrypto.com\/lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how\/\" \/>\n<meta property=\"og:site_name\" content=\"AMBCrypto\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cryptoamb\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-22T14:00:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/08\/News-Articles-FI-Editors-2024-08-22T150612.806.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1792\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Olivia Stephanie\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:site\" content=\"@CryptoAmb\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Olivia Stephanie\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/lunc-eyes-a-600-breakout-despite-gemini-delisting-heres-how\\\/\"},\"author\":{\"name\":\"Olivia Stephanie\",\"@id\":\"https:\\\/\\\/ambcrypto.com\\\/#\\\/schema\\\/person\\\/5648bbf6234d3152a00b4b1409f817d6\"},\"headline\":\"LUNC eyes a 600% breakout despite Gemini delisting &#8211; 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