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Reading: LUNA, LUNC and Dogecoin October 23 Price Predictions
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EdaFace Newsfeed > Latest News > Technical Analysis > LUNA, LUNC and Dogecoin October 23 Price Predictions
Technical Analysis

LUNA, LUNC and Dogecoin October 23 Price Predictions

vitalclick
Last updated: October 23, 2024 5:43 pm
3 months ago
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cryptocurrency investors in the latest Bitcoin (BTC) $66,484 With its decline, it started to rise again with losses. BTC is at $66,500, what about LUNA, LUNC and Dogecoin? $0.137426 What are the latest predictions for? Let’s take the current charts and price predictions for October 23. Maybe we are experiencing one of the last pullbacks that gives a buying opportunity before the rise?

LUNA and LUNC Graphic CommentaryDogecoin (DOGE)

LUNA and LUNC Graphic Commentary

Do Kwon has still not been returned and Terra (LUNA) has gained many new competitors since its bankruptcy. Both because of the liquidation of Terraform Labs and because developers have too many alternatives LUNA The long-term outlook is not very positive.

Moreover, we have seen that a significant part of the applications on the network will be transferred to rival networks in 2022. As shown in the price chart below, the sideways movement has been continuing for 124 days, except for occasional speculative increases. This suggests that we may see new downside breaks as Do Kwon is extradited to the United States or South Korea and possibly imprisoned.

An intermediate uptrend can be mentioned at weekly closes above $0.468, but for this the general market sentiment must recover significantly. On days of abundant liquidity, LUNA is an asset that has the potential to experience speculative breakouts, and long upper wicks show that this happens many times.

LUNC The situation is not much different for . The old network, which was abandoned after the collapse of the Terra network, could not be revived by the Terra Rebels. In order for Binance burns to cause supply shortages, this must continue for decades. LUNC is also among the long-term risky assets. Of course, this does not mean that speculative increases cannot be seen.

Dogecoin (DOGE)

The price increased by 44 percent in 11 days. dogecoin Although the increase in price stopped after getting stuck at the key $0.15 resistance, long lower wicks show that investors are not giving up. In the scenario where Trump wins, Elon Musk’s role may enable the DOGE price to set larger peaks in November. However, if we start to see closes below $0.132, we could see DOGE price decline to the key memorized levels of $0.11 and $0.105.

DOGE Since it holds the key area for now, it may make a new attempt at resistance.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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