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Following the successive sales news, there was a decline in the cryptocurrency market. While support levels were lost in cryptocurrencies, especially Bitcoin and Ethereum, LUNC became one of the prominent cryptocurrencies. Before starting the LUNC analysis, let’s evaluate the data, especially the general market. According to CoinGecko data, Bitcoin, which has lost more than 7 percent in value in the last week, dropped to 59 thousand dollars yesterday evening. Following the developments, Bitcoin is currently continuing the day above 61 thousand dollars.
In addition to Bitcoin, Ethereum also suffered losses from the sales like Bitcoin. According to the data, ETH, which lost 1.4 percent in value in the last week, remained much more stable than Bitcoin. In addition to all these developments, LUNC, which gained more than 10 percent in value in the last 24 hours, attracted attention.
LUNC Price Analysis:
While deep sales continue in the cryptocurrency market, another cryptocurrency that managed to increase its price was LUNC. LUNC increased by 10 percent in the last 24 hours, according to CoinGecko data.
It is possible to say that although LUNC is on the rise, it is still in a falling trend. However, a close above $0.00009 is required as the beginning of a serious rise.
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