Luna The price is falling slightly, but has the potential to rise further

Terra Classic’s price is building momentum to correct a 3% decline that has occurred over the past 24 hours. Before falling to 0.0001720, LUNC was trading highs of $0.0001936 in 2023. With the support from the $0.0001720 level still standing, Terra Classic price may push the uptrend to resume during the US session.

Terra Classic Race on the verge of a new outbreak

Investors may want to consider buying Terra Classic, especially now that it’s down a bit to gather new liquidity. On-chain data from Santiment shows that investor interest remains strong, despite LUNC’s 24-hour trading volume falling from 409 million tokens to 130.18 million on January 14.

From the chart it becomes clear that the price is sensitive to trading volume. As this quantity increases, the price of the Terra Classic will also increase.

Terra Classic price
Terra Luna Classic Volume

The Terra Luna track is working towards a triangle breakout

The uptrend in the Terra Classic price may have taken a breather, but it’s not over yet. Based on the technical outlook on the eight-hour chart, LUNC may move towards $0.00024 in the coming days.

A bullish result is most likely to occur above the sell overload at $0.0001831, close to rising horizontal triangular resistance and the 100-day exponential moving average (EMA) (in blue).

Terra Classic price
LUNC/USD eight hour chart

As price consolidates towards the top of the triangle, bulls begin to gain an edge over bears, leading to a breakout above the resistance level. Therefore, traders expect the Terra Classic price to rise another 30.27% to $0.00024 once the seller’s congestion of $0.0001831 is broken.

It is worth noting that the breakout measure is equal to the distance between the widest points of the triangle extrapolated above the breakout point.

The stochastic oscillator reinforces the bullish outlook in Terra Classic price as it climbs into overbought territory in the same eight-hour time frame. A sharp move in LUNC to $0.00024 would coincide with the stochastic cross above the descending trendline.

However, it is challenging to prove the bullish outlook on the 24-hour time chart, especially now that the TD Sequential indicator is sending a sell signal. As shown in the chart below, the call to sell LUNC manifested in nine green candlesticks, which may prompt investors to sell their assets in the short term in hopes of repurchasing them at a lower level.

Terra Classic price
LUNC/USD daily chart

Nevertheless, traders should confirm the signal by checking whether the high of the sixth and seventh candle is crossed by the eighth or ninth. On the other hand, bulls should be ready to deal with the supply area of ​​$0.00020 or the declines may extend towards $0.00012.

Can Terra Classic price reach $1 in 2023

While a rapid rise to $1 in 2023 may be impossible, the Terra Classic price has the potential to return huge profits to investors who buy it as it recovers. LUNC’s value has increased by 4.9% in one week, 11.5% in two weeks and 23.9% in 30 days, outperforming many other cryptocurrencies on the market.

The large circulating supply is the biggest obstacle to Terra Luna Classic rising to $1. Despite the token burn program, the platform has more than 5.9 trillion LUNC in circulation, with the network’s total holdings at 6.8 trillion.

Terra Classic price
Terra Classic price data

Alternative Altcoins to Consider for 2023

Investors interested in diversifying their crypto portfolios as the market turns should consider emerging altcoins and their presales. While they sell out quickly, the tokens listed below have the potential to form a rally when they first launch. Some, like FightOut, have secured listing opportunities with leading exchanges.

Meta Masters Guild (MEMAG)

The world’s first mobile-focused web3 gaming guild is finally here, thanks to the team behind Meta Masters Guild (MMG). MMG represents a new approach to play-to-earn by committing to building high-quality blockchain-integrated games in a decentralized gaming ecosystem.

Instead of play-to-earn, the Meta Masters Guild insists on play-and-earn, where users do not need to invest in expensive NFTs or pay tokens to access the games. This gaming ecosystem allows players to earn money while playing the games they enjoy the most.

Players are rewarded in Gems, an in-game currency that can be redeemed by converting them to MEMAG. Meta Master Guild also launches with staking features that allow users to stake MEMAG tokens for additional income. Users can also use Gems to buy NFTs in-game or cash out by trading other crypto-tokens such as ETH.

All contributions to the ecosystem are rewarded with users expected to build games, provide in-game assets, create relevant content and participate in events. Meta Masters launches with three games: Meta Kart Races, NFT Raid and Meta Masters World.

Investors can buy MEMAG in the ongoing presale that has already raised $376,000, with one token selling for 0.007 USDT.

Visit the Meta Masters Guild now.

Fight Out (FGHT)

The FightOut pre-sale is almost sold out after the team announced a new CEX listing. Investors investing in this new venture believe it has the potential to shape the fitness industry. On the other hand, FightOut uses web3 solutions to make the fitness lifestyle affordable for everyone.

Unlike existing Move-to-Earn crypto ecosystems such as STEPN, FightOut users do not require expensive NFTs. Instead, FightOut uses simple technical solutions with digital avatars to lead the web2 audience into the metaverse.

The FightOut team is pleased to announce the first CEX listing for FGHT on the LBank Exchange, and they have already raised $2.98 million to date. Investors can withdraw tokens while benefiting from a 50% discount, valid until $5 million is raised.

Visit FightOut now.

C+Charge (CCHG)

C+Charge recognized the need to democratize the carbon credit industry from the hands of a handful of large companies like Tesla. To achieve this, the team is building a robust peer-to-peer (P2P) payment system supported by blockchain technology to reward EV drivers every time they pay at charging stations.

The team is building a mobile app that will assign an electronic wallet to each individual. Payments at charging stations are made via CCHG, this ecosystem’s native token.

In addition to managing payments, the app manages all end-to-end activities related to vehicle charging. Some key elements expected from the app include a CO2 credit tracker, payment options, a charging station locator and real-time charger wait times.

With the presale ending soon, investors should rush to buy CCHG at $0.013. $300.3k has already been raised so far, with 136 million CCHG remaining before the price jumps to $0.0165.

Visit C+Charge Now.

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