LUNC market may be oversold, with potential for buying opportunities. Investor confidence in the LUNC market reduced, and a negative trend is likely. Short-term bounce back is possible as oversold condition attracts buyers. In the last 24 hours, the Terra Classic (LUNC) market has plummeted, with bears effectively pricing it between $0.0001427 and $0.000148. When writing, the negative pressure is still intense, and LUNC is valued at $0.0001434, a drop of 3.00%. During the fall, market capitalization, and 24-hour trading volume fell by 3.12% and 31.56%, respectively, to $846,769,089 and $44,791,739. This fall suggests a likely negative trend in the market and a reduction in investor confidence. This drop might result in additional asset price drops and extended periods of low trading volumes. LUNC/USD 24-hour price chart (source: CoinMarketCap) With a value of -1.23, the Fisher Transform oscillates below its signal line, indicating that the LUNC market oversold conditions and a possible purchasing opportunity may exist. This mindset stems from the Fisher Transform trend showing that the current bear reign may end, and the market may turn around. With a Relative Strength Index (RSI) score of 30.24 and moving below its signal line, there is further indication that the […]