What is the Latest Situation in Terra and Tarra Classic, Followed by Turkish Investors? LUNA and LUNC Analysis

The LUNA crisis, which had a serious regression in the past months and came to the point of zero, caused the entire market to hit the bottom.

This chaos, which started when Terra’s algorithmic stablecoin, UST, lost its stability to the dollar, brought the company to the point of collapse and enabled Bitcoin to experience the bear market in the hardest way.

In the current situation, although there is an arrest warrant for Terra founder Do Kwon, he has not been caught yet.

It is known that there are still many investors after the Terra crisis, which caused many people to go bankrupt.

Let’s take a closer look at the technical view of the two cryptocurrencies, Terra Classic (LUNC) and Terra (LUNA) after the collapse…

Terra Classic (LUNC)

Having made an increase of about 600 percent last month, LUNC was a hope for investors, although it could not fully recover the losses of investors who remained inside.

As of now, the most important level for LUNC, which has lost 55 percent of its value after its acceleration in September, is seen as 0.0002575. It is important that this level is not broken, because if it is broken, decreases to $ 0.0002390 can be seen.

As a resistance level, $0.0002730 is seen as important. Breaking this level could trigger an acceleration up to $0.00030.

Terra (Luna)

LUNA, which accelerated in September with LUNC, had an increase of 300 percent at that time.

The most important support level for LUNA, which is trading at 65% lower than its peak price last month, is $2.59. Losing this level could trigger a drop to $2.45.

Again, as the resistance level, $2.72 is important, while permanence above it can bring acceleration up to $ 2.9.

Both coins are known to actually have a bad history. In this context, it is recommended to be extra careful when investing in these coins and to stay away from leveraged transactions.

Again, while investing in altcoins, it is necessary to closely examine Bitcoin movements. Because a sharp decline in Bitcoin will be more destructive for altcoins.