LUNC Bullish Power Dwindles, Indicators Point to a Lengthy Bear Rally
- LUNC bulls surrender after failing to break through resistance.
- Market capitalization dips as traders flee in fear of a lengthy bear market.
- In the past 24 hours, the price of LUNC has fluctuated between $0.000166 and $0.000171.
Throughout the past 24 hours, the Terra Classic (LUNC) has seen a fierce battle between bulls and bears, with the latter emerging victorious and sending the price down to an intraday low of $0.0001667. At the time of writing, the bears had pushed the price of LUNC down to $0.0001675, a drop of 1.41% from its previous iteration.
During the slump, the market cap decreased by 1.40% to $990,530,797, and the 24-hour trading volume decreased by 17.31% to $80,577,318. This drop shows that bears are in charge of the market trend, and if they keep pushing down, the LUNC will likely fall for a little longer.
Since the Stochastic RSI is trending below its signal line with a value of 16.80, indicating that the present negative momentum in LUNC is continuing, additional price drops may be on the horizon in the immediate term. This movement implies that the market is oversold and will likely…
The post LUNC Bullish Power Dwindles, Indicators Point to a Lengthy Bear Rally appeared first on Coin Edition.
