The cryptocurrency market is recovering from last week’s slump and Tera Classic’s LUNC is leading the way.
LUNC, the original coin of the Terra Classic ecosystem, is the best of the top 100 cryptocurrencies of the past 24 hours.
The coin has added over 13% to its value today and outperforms the other major cryptocurrencies in the market.
LUNC’s rally comes as the broader cryptocurrency market recovers from the recent slump. The broader market has added nearly 5% to its value today, with a total market cap of nearly $950 billion.
Bitcoin is trading above $19k again after falling below that level earlier this week. BTC is up more than 4% in the last 24 hours.
Ether failed to collect after the Merge event completed a few hours ago. After dropping below $1,300 yesterday, ETH is trading at $1,357 at the time of writing, up more than 4% today.
LUNC’s positive performance comes about 24 hours after the Terra Classic team introduced a new feature.
1/ New feature is coming, #LUNAtics!👇
Now you may get the best price when performing swaps on Terra Station powered by @tfm_com‘s DEX Aggregator
— Terra 🌍 Powered by LUNA 🌕 (@terra_money) September 19, 2022
The new feature allows Terra Classic users to get the best price when performing swaps on Terra Station.
Main levels to watch
The LUNC/USDT 4-hour chart remains bearish despite LUNC adding more than 13% to its value on Tuesday.
LUNC/USDT Chart by TradingView
The MACD line is below the neutral zone. However, it has been moving upwards in recent hours and could enter positive territory if current market momentum is maintained.
The 14-day relative strength index of 46 shows that LUNC is no longer in the oversold region.
At the time of writing, LUNC is trading at $0.00029874 per coin. If the rally continues, LUNC could rise past the $0.00035972 resistance level before the end of the day.
However, LUNC should start a bullish run to cross the $0.00044114 resistance level in the near term.
Where to buy now
Because LUNC is such a new asset, it has yet to be listed on major exchanges. However, you can still buy LUNC with a DEX (decentralized exchange), which just means there are a few extra steps. Follow these steps to buy LUNC now:
1. Buy ETH on a regulated exchange or broker, such as eToro ›
We recommend eToro because it is one of the world’s leading multi-asset trading platforms, an all-in-one exchange and wallet with some of the lowest fees in the industry. It is also beginner friendly and has more payment methods available to users than any other service available.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You need to make your wallet, get your address and send your coins there.
3. Connect your wallet with the 1Inch DEX
Go to 1Inch and ‘connect’ your wallet to it.
4. You can now exchange your ETH for LUNC
Now that you’re connected, you can exchange for hundreds of coins, including LUNC.