Top China Coins Ready To Skyrocket

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The Securities and Futures Commission (SFC) of Hong Kong suggested on February 20 that a licensing system be established for cryptocurrency exchanges, and in the near future, it will permit ordinary individuals to trade major cryptocurrencies such as Bitcoin and Ethereum. This article discusses the leading Chinese Coins and explains why they are likely to experience a significant increase in value soon.  Super unique NFT collection #TokenPunkies Hong Kong’s Green Signal to Crypto Trading According to the statement, every centralized cryptocurrency exchange that operates in Hong Kong is required to obtain a license from the regulatory authority. Interestingly, it appears that the United States is not the sole global financial powerhouse capable of causing market turbulence.   As mentioned previously, the People's Bank of China, the country's central bank, infused $92 billion USD into the market on Friday, surpassing the ongoing quantitative easing measures of the US Fede
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Can LUNC Hit $3 in 2023?

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LUNC, valued at over $1 billion on the Terra Classic protocol, is approaching a 17.54% growth that could drive its price to $0.00021. Its value has risen by 6.5% in the past 24 hours and is currently being traded at $0.0001775.

 

CoinMarketCap data shows that investors are positioning themselves for this potential outcome, with a 48% increase in 24-hour trading volume to reach $100 million. This surge in trading activity indicates a growing interest in LUNC, either due to bullish sentiment or aggressive buying. The high volume suggests a rising demand for the token, which could support a sustainable uptrend.




 

A significant increase in trading volume indicates that either investors are highly optimistic about the asset or the token's bullish trend is intensifying. The surge in demand for LUNC suggests a potential for a sustained upward trend.

 

The Terra Luna Classic Price is poised for a 17.54% surge, as it approaches the top of a triangular pattern. The price is poised to break past its resistance at $0.00018, in line with the 200-day Exponential Moving Average. This triangular pattern occurs when the price moves within a narrowing range, leading to a heightened contest between bullish and bearish forces.

 

Terra Luna Classic Price is consolidating within a range as seen in the 4-hour chart, bounded by two trend lines connecting the lows and highs respectively.

 

Terra Luna Classic price is close to breaking out, assuming bulls succeed in pushing past the resistance at the triangle and the 200-day EMA. Traders could consider setting orders just above the trendline connecting the lower highs. After the breakout, investors might aim to sell at $0.00021.

 


The Moving Average Convergence Divergence (MACD) indicator supports the bullish sentiment for Terra Luna Classic (LUNC) price. The MACD line, shown in blue, has been exhibiting a buy signal since the start of January, having crossed above the red signal line.

 

Additionally, the momentum indicator is moving into the positive territory above the mean line (0.00), as evidenced by the bullish histograms. Analysts believe that this could indicate a substantial upward move for Terra Luna Classic price, with a short-term target of $0.0001758.

 

The Terra Luna Classic community is showing strong support for a bullish outlook on the LUNC token. A user on Twitter thanked others for holding the support line and pushing the price back up, with the goal of reaching the $0.00019 horizontal resistance line.

 

The community has also been advocating for LUNC to be listed on BinanceUS, a subsidiary of the largest cryptocurrency exchange, Binance.com. Such a listing would increase exposure for LUNC in the US and could drive its price higher.

 

The recovery of Terra Luna Classic (LUNC) price is likely to attract investor attention, but a move above $0.00018 is crucial to sustain interest. A break above $0.0002 and reaching the triangle target at $0.00021 could lead to another price rally above $0.001.

 

The success of the Terra Luna Classic token burn program will play a significant role in its ability to maintain a long-term price increase. A listing on BinanceUS, the US subsidiary of the largest cryptocurrency exchange, Binance.com, could also greatly boost LUNC price.

 

However, as the crypto market's behavior in 2023 remains uncertain, it is yet to be seen if LUNC will reach $3 in 2023. Meanwhile, investors may take advantage of short-term recovery opportunities like the expected move to $0.00021 to generate profits.

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