During the past seven days, the price of LUNC, the cryptocurrency of Terra Classic, has displayed a back-and-forth movement characterized by alternating green and red candles. This pattern suggests a lack of dominance from buyers or sellers, indicating uncertainty in the market regarding the direction of the trend. Related Reading: Bitcoin (BTC) Lower Timeframe Outlook: $26,800 Breakthrough Could Spark Rally The recent legal actions taken by the US Securities and Exchange Commission (SEC) against prominent crypto exchanges like Binance and Coinbase could contribute to this hesitation among market participants. As a result, the Terra classic coin is anticipated to undergo a prolonged period of consolidation in the upcoming days, as the overall trend remains bearish due to the influence of a wedge pattern. LUNC Price Analysis, Impact Of Regulatory Actions On Crypto Market In the midst of regulatory actions taken against major crypto exchanges, caution and uncertainty have permeated the cryptocurrency market, impacting traders and investors alike. This climate of uncertainty is reflected in the LUNC price chart, where alternating green and red candles indicate a l ..
Support the originator by clicking the read the rest link below.
 Analysis: Is The $0.00012 Target Within Reach?){kind=link}