Terra Luna Crypto Price is About to Drop Below $2, While LUNC Price May Rise by Another Zero!

In the last several days, the price of LUNC/LUNA and UST has begun to decline, which appears to be nearing a critical point. It’s possible that LUNA will drop below $0.0001 before long, but LUNC is on the edge of doing so very soon. When USTC was rejected from the $0.05 threshold, the stablecoin dropped by over 7%.

Terra (LUNA): A Look at Its Future Price

Every new day, the list of institutions affected by the LUNA collapse becomes longer. LUNA trading has resulted in a cryptocurrency corporation losing over $23 million. As a result, the asset’s price is stuck in a range-bound consolidation due to the growing negative market sentiment.

Last trading day, the price broke out of the ascending bullish triangle it had been trading in since the middle of June. Even if it is delayed, a bullish breakout is not completely ruled out, but it will be more difficult.

 

After testing the upper resistance, the LUNA market price may now attempt a bounce. Alternatively, the price could remain in a parallel channel for some time, waiting for the appropriate moment to break northward.

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Analysis of the TerraClassic (LUNC) Price

It was TerraClassic, on the other hand, that was swinging in the direction of the bears. To put it another way: With these recent drops in prices, we’re now on the verge of hitting the $0.0001 support level. Despite the bulls’ best efforts, the market could experience a significant drop in price in the near future.

 

The price is projected to tumble another 10% to test the lower bottoms as the bearish trend continues. It is possible that the bearish descending triangle will produce another 10% to 13% decrease before testing the bottom support at $0.000084 and sparking a rebound.

The next 24 to 48 hours of trading could be critical for both LUNC and LUNA values because they are both locked in a large downward trend.