Terra Classic Market interest in (LUNC) increased with the increase in volume, with $113 million added to its capital in one day. LUNC is among the top performers across multiple time frames.
Notably, LUNC recorded 24-hour volume of $371.88 million, 53.28% of the market cap of $669.85 million. Both cryptocurrency The trading benchmark also highlights the token’s notable daily performance. Especially considering the $296 million volume and $556 million market cap 24 hours ago.
Meanwhile, Terra Classic is also among the top-earning cryptocurrencies, according to CoinMarketCap’s index. LUNC ranks first as the highest earner of the day and second as the highest earner of the week.
Terra Classic (LUNC) Price Analysis
Koinfinans.com As we reported altcoin, is trading at $0.000116 at the time of writing. Additionally, it was up 18% on the day and gained 59% for the week. The price increase follows increased interest reflected by the total exchange volume.
Interestingly, Terra Classic has entered the “overbought” zone on CoinGlass’ Relative Strength Index (RSI) heat map. LUNC recorded an RSI of 75.58 points in 24 hours and 79.74 points in the week as of press time.
This technical analysis indicator proves that there is strong momentum for the Terra Classic native token. However, it could also foresee a possible pullback in the coming days as cryptocurrency investors may look to realize these recent gains.
LUNC’s further price movement will largely depend on the development of the project’s tokenomics, Terra Classic, and will also be influenced by macro and micro events.