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The cryptocurrency market is recovering from last week’s downturn, led by Tera Classic’s LUNC.
LUNC, the native coin of the Terra Classic ecosystem, was the best performer among the top 100 cryptocurrencies in the last 24 hours.
The coin currently adds over 13% more value to its value, outperforming other major cryptocurrencies on the market.
LUNC’s rise comes as the broader cryptocurrency market is recovering from its recent downturn. The broader market adds nearly 5% to today’s value, pushing the total market capitalization closer to $950 billion.
After falling below that level earlier this week, Bitcoin is trading above $19,000 again. BTC is up over 4% in the last 24 hours.
Ether was unable to recover following a merge event that completed hours ago. After breaking below $1,300 yesterday, ETH is trading at $1,357 at the time of writing and today he is up more than 4%.
Good LUNC performance came about 24 hours after the Terra Classic team introduced the new features.
1/ new feature incoming calls, #LUNAtics!
You can now get the best price when you swap on Terra Station. @tfm_comThe DEX Aggregator
Terra Powered by LUNA (@terra_money) September 19, 2022
This new feature allows Terra Classic users to get the best prices when performing swaps on Terra Station.
The LUNC/USDT 4-hour chart remains bearish even though LUNC added more than 13% to its value on Tuesday.
LUNC/USDT Chart by TradingView
The MACD line is below the neutral zone. However, it has been rising for the last few hours and could enter positive territory if the current market momentum holds.
A 14-day Relative Strength Index of 46 indicates that LUNC is no longer in oversold territory.
At the time of writing, LUNC is trading at $0.00029874 per coin. If the rally continues, LUNC is likely to break through the $0.00035972 resistance level by the end of the day.
However, LUNC will need to embark on a bullish move to break out of the $0.00044114 resistance level in the short term.
As LUNC is a very new asset, it is not yet listed on any major exchange. However, he can buy LUNC using DEX (Decentralized Exchange), but this means some additional steps. To purchase LUNC now, follow these steps:
We recommend eToro. This is because it is one of the world’s leading multi-asset trading platforms, an all-in-one exchange and wallet, and some of the lowest fees in the industry. It is also beginner-friendly and offers users more payment methods than any other available service.
You need to create a wallet, get an address and send coins there.
Head over to 1Inch and “connect” your wallet.
Now that you’re connected, you can redeem hundreds of coins, including LUNC.
