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LUNA Price Prediction – Where Will It Go in 2023?

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Terra Luna Classic The price is down 28% after an optimistic rally a few days ago. Investors now share concerns about the currency’s future, supported by conservative forecasts. While some believe that the coin will return the following year.

Will the Terra Luna Classic return in 2023?

Terra Lula Classic has been struggling since its collapse and the team behind the project is doing everything they can to bring the token back to its former glory. While previous price values ​​are impossible, the team’s current goal is to get the token beyond $1.

In an effort to achieve this goal, the company behind the project has resorted to various solutions, including partnering with Binance to help reduce the circulating supply of the token. The exchange has a LUNC burn program where it was burning 100% of spot and margin fees as of Wednesday, recent changes have shifted that number to 50%.

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At this rate, it is impossible for the token to rise to $1, which would require the total supply to be somewhere around 880 million, as opposed to the current 6 trillion. The company will have to find other solutions that can help increase burn rate.

Since the recent crash, the company has done its best to receive community support. And although Binance’s offer to work with Terra has instilled some confidence, Terra has a long way to go to host the huge community it once did.

The only way to surpass the $1 token is through the continued support from the community, and the efforts of the team to maximize burn rate, without which reaching the previous all-time high of $119 wouldn’t be the only exaggerated dream for Terra.

Does your color hold strong? – Technical Analysis

LUNC recently showed an uptrend that was interrupted by a downtrend all within a week, which indicates a sell-off by traders who have made their desired profits. Over the past few months, the average support level for LUNC stood at $0.00019 since the coin failed to clear this level despite the efforts of the bulls. This could be a result of the lack of confidence in the token given its history, which may have led investors to lock in their profits as much as they could. Refuse to hold office any longer.

The token has since fallen to the $0.00016 support level and below in the near term, and now that the token is in the same place where the uptrend started, it might be fair to expect another way to buy from the inventors. If this happens, the coin could easily surpass the aforementioned support level, hitting the $0.00019 resistance again.

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If the coin falls at this level, it could create an opportunity for the coin to jump to the next resistance level at $0.00028. Roughly, twice where the token is currently trading. So far, the price of the token has been below the 50-day exponential moving average (EMA) and the 100-day as well. While the 50-day EMA at $0.0001521 is relatively close to the current price, the 200-day EMA is miles higher at $0.000235. If the price can challenge the 50-day and 100-day MA, then LUNC price is likely to clear the 200-day MA until the $0.00028 resistance.

In the daily trend, the price is showing a bearish pattern and will continue to do so until it hits a strong resistance. While this is happening, there is a possibility that the price of the token will continue to move sideways before tracing its return upwards. If it fails to do so and touches the $0.000138 resistance, there is a possibility that the price could drop further from there.

While LUNC is making some progress, for now, it’s hard to conclude that the coin could hit $1 as many investors would like to believe.

The current token supply of LUNC is 6 trillion. At $1, LUNC’s market cap will exceed Bitcoin’s current market cap by 18 times. This is absolutely impossible, so the logical conclusion is to expect a longer timeframe for LUNC to return to $1.

LUNC is currently trading at $0.0001467, which is an approximate decrease of 6% from today’s high. The token has a market cap of $882 million and a trading volume of $113 million for the day.

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Terra Luna Classic Price Predictions: 2022, 2023, 2025, 2030

After analyzing price predictions from multiple sources, we’ve come up with a few forecasts that are most likely to be for LUNC over the years.

Terra Luna Classic price predictions for 2022

LUNA price has been declining over the past few days, and now that we are almost at the end of the year, we are unlikely to expect LUNC to present a stunning bullish run. The price is expected to remain near $0.00015 unless a surprise buy before the new year pushes it to $0.00016.

Terra Luna Classic price predictions for 2023

There’s much more room for LUNC to expand next year if it continues to implement afterburner mechanisms that help reduce supply. Besides, if the project increases community support and introduces new partnerships and announcements, it is likely that it will move towards $0.0042. However, it is difficult to make an accurate prediction until the LUNC RSI breaks out of the oversold zone.

Terra Luna Classic price predictions for 2025

In 2025, Terra Luna Classic is likely to remain stable, and prices will gradually increase, given the supply has decreased over the years. Our forecast puts LUNC in the green, rationally trading at $0.00068, however, market sentiment could play a strong role in determining the price of the token since it has suffered catastrophically historically.

Terra Luna Classic price forecast for 2030

On such a long time scale, forecasts are bound to be uncertain. However, if Terra Luna Classic crosses the $1 mark, it should happen by that time frame. Otherwise, the remaining optimism about the project may fade, and it will be difficult for LUNC to build from the ground again.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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