In the wildly fluctuating domain of cryptocurrencies, notable attention gravitates towards an unassuming coin – Luna Classic (LUNC). Priced at a humble $0.000060 and witnessing an impressive 24-hour trading volume of $3 million, Luna maintains a formidable stronghold at the #86 Rank on CoinMarketCap, its market cap swelling to a proud $345 million. Yet, amidst the 5.8 trillion circulating LUNC coins, one looming question pertains: “Is now indeed a good time to invest in Luna Classic?”
Looking closely at Luna Classic’s technical indicators, a discrete bearish pattern can be discerned, as the coin’s fallen below the $0.000059 support zone, hinting at a possible decline. Hovering around the $0.000060 marker is the 50-day EMA line, a robust barrier for Luna. Should the line remain beneath this level, Luna could quite likely follow a bearish trend, potentially touching the $0.000058 mark.
Pertaining oscillator indicators for Luna, such as the RSI and MACD, suggest likewise – a bearish trend in residence inside the sell zone. As such, investors might want to keep a close eye on the $0.000060 level for promising selling opportunities.
However, it is conceivable that in the event of a bullish breakout above the $0.000060 level, the LUNC price could soar to $0.000062 or may stretch to $0.000064.
In parallel to Luna Classic, investors have shown an alternate appealing coin – $WSM. Stemming from the acclaimed online platform Wall Street Memes, which has built a noteworthy rapport with investors, the $WSM presale has sparked colossal interest. This meme-inspired cryptocurrency endeared itself with a remarkable reception, accumulating more than $300,000 on day one and expanding to an overwhelming $25 million overall. At present, speculators can snap up the $WSM tokens at a modest $0.0337.
This offering proves to be a tempting venture brimming with growth potential, inviting those willing to seize the opportunity and become an early adopter in Wall Street Memes’ promising venture.
As a disclaimer, let’s not forget, cryptocurrencies remain a high-risk asset class. Any information provided within this article serves only for informational purposes and isn’t considered investment advice. The possibility to lose all of your capital always looms in these ventures.
Source: Cryptonews
