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Terra Classic Award

Terra Classic price is gaining momentum to correct a 3% decline recorded in 24 hours. Prior to the pullback to 0.0001720, LUNC traded fresh 2023 highs at $0.0001936. With support at $0.0001720 remaining intact, Terra Classic price may push for a resumption of the uptrend in the US session.

Terra Classic price on the cusp of another breakout

Investors may consider buying Terra Classic, especially now that it has fallen slightly to gather new liquidity. On-chain data from Santiment reveals that investor interest is still high despite LUNC’s 24-hour trading volume dropping to 130.18 million from 409 million tokens on January 14.

From the chart, we deduce that the price is sensitive to volume. Therefore, as the daily trading volume increases, the price of Terra Classic would also increase.

Terra Classic Award
Terra Luna Classic Volume

Terra Luna Classic Price Rises to a Triangle Breakout

Terra Classic’s upward price trend may have taken a break, but it’s not over yet. Based on the technical outlook of its 8-hour chart, LUNC might stretch the leg to $0.00024 in the coming days.

A bullish outcome is most likely to materialize above the seller’s congestion at $0.0001831 near the horizontal resistance of the ascending triangle and the 100-day exponential moving average (EMA) (in blue).

Terra Classic Award
Eight-hour LUNC/USD chart

As the price consolidates towards the top of the triangle, the bulls begin to take advantage of the bears, causing a break above the resistance. Therefore, traders would expect the price of Terra Classic to explode another 30.27% to $0.00024 once the seller congestion at $0001831 is broken.

It should be mentioned that the breakout target is equal to the distance between the widest points of the extrapolated triangle above the breakout point.

The Stochastic oscillator reinforces the bullish outlook for Terra Classic price as it rises towards the overbought region in the same eight-hour time frame. A sharp move by LUNC towards $0.00024 would coincide with the stochastic cross above the downtrend line.

However, it is difficult to prove the bullish outlook on the daily chart, especially with the TD sequential indicator sending a sell signal. As shown in the chart below, the call to sell LUNC has manifested as a green candlestick at nine, which may cause investors to unload their bags in the short term, in hopes of buying again at a lower level.

Terra Classic Award
LUNC/USD daily chart

Nevertheless, traders should confirm the signal by checking whether the high of the sixth and seventh candles of the count is exceeded by that of the eighth or ninth bar. On the other hand, bulls need to be ready to face the supply zone at $0.00020, otherwise the declines could intensify towards $0.00012.

Can the Terra Classic price reach $1 in 2023?

While a meteoric rise to $1 may be impossible in 2023, Terra Classic’s price has the potential to yield massive gains for investors buying it as it recovers. LUNC’s value increased by 4.9% in one week, 11.5% in two weeks and 23.9% in 30 days, outperforming many cryptocurrencies in the market.

The bulky circulating supply is the biggest obstacle to the rise of Terra Luna Classic to $1. Despite the token-burning program, the protocol has over 5.9 trillion LUNCs in circulation, with the total network supply amounting to 6.8 trillion.

Terra Classic Award
Terra Classic Pricing Data

Alternative Altcoins to Consider for 2023

Investors interested in diversifying their crypto portfolios as the market recovers may want to consider the opportunities ahead altcoins in their pre-sale phases. Although selling out quickly, the tokens listed here, have the potential to rally when they first go public. Some like FightOut have listing opportunities with top-tier exchanges.

Meta Masters Guild (MEMAG)

The world’s first mobile-focused Web3 gaming guild is finally here, thanks to the team behind Meta Masters Guild (MMG). MMG offers a new approach to gaming to win by committing to building high-quality, blockchain-integrated games in a decentralized gaming ecosystem.

Instead of playing to win, Meta Masters Guild pushes to play and win, where users don’t have to invest in expensive NFTs or pay in tokens to access games. This gaming ecosystem allows gamers to win by playing the games they love the most.

Players will be rewarded with Gems, an in-game currency that can be exchanged by converting to MEMAG. Guild of meta-masters is also launched with staking features allowing users to lock MEMAG tokens for additional earnings. Users can also use Gems to purchase NFTs in-game or cash out by trading with other crypto tokens like ETH.

All contributions to the ecosystem will be rewarded with users expected to create games, contribute in-game resources, create relevant content, and attend events. Meta Masters will launch with three games: Meta Kart Races, NFT Raid and Meta Masters World.

Investors can buy MEMAG in an ongoing presale that has already raised $376,000, selling one token for 0.007 USDT.

Visit Meta Masters Guild now.

FightOut (FGHT)

The FightOut presale is selling out quickly after the team announces another CEX roster. Investors backing this new venture believe it has the potential to shape the fitness industry. On the other hand, FightOut leverages Web3 solutions to make the fitness lifestyle affordable for everyone.

Unlike existing Move-to-Earn crypto ecosystems such as STEPN, FightOut users will not need expensive NFTs. Instead, FightOut uses simple technology solutions with digital avatars to make it easier for Web2 audiences to access the metaverse.

The FightOut team is thrilled to announce the first CEX listing for FGHT on LBank Exchange with $2.98M raised so far. Investors pick up the tokens while enjoying a 50% discount, valid until $5 million is raised.

Visit FightOut now.

C+Load (CCHG)

C+Charge recognized the need to democratize the carbon credit industry from a handful of large corporations like Tesla. To achieve this, the team is building a robust peer-to-peer (P2P) payment system backed by blockchain technology to incentivize EV drivers every time they pay at charging stations.

The team is building a mobile app that will assign each individual an electronic wallet. Payments at charging stations will be made via CCHG, the native token of the ecosystem.

In addition to managing payments, the app will manage all end-to-end activities associated with vehicle charging. Some key elements expected from the app are a carbon credit tracker, payment options, a charging station finder, and real-time charger wait times.

With the presale ending soon, investors should hurry to buy CCHG at $0.013. So far, $300.3000 has been raised, with 136 million CCHG remaining before the price rises to $0.0165.

Visit C+Charge now.

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