LAST CHANCE FOR LUNC!🚨 (Terra Classic Price Prediction 2026)

Hinzugefügt: 2026-05-19

[00:00:03]Good morning everybody. Welcome back to Selenops Crypto or welcome to the channel if you're new. And welcome to a much needed update right here on Luna Classic. We're going to do a full update on the current situation. Um, or we'll do a bit of a, you know, bit of a recap of what I said last video, talk about, okay, what did I say then, what has happened since then, is the situation still quite similar or has something, you know, fundamentally or technically changed.

[00:00:26]And then based on that, I'll I'll try to prepare you for for what's most likely to happen this week. So far this week has not been bad um, technically for Luna Classic, but it has been relatively quiet, right? I mean, the last time I covered Luna Classic was Sunday morning and I told you, okay, well, we actually do have some indications, especially when we were looking at the funding rates, um, that we're going to get a bit of a bit of a move into the upside. We also had from from the dump that we had last week, we still had a lot of uh, imbalances to the upside, right? Some of them have been filled, some of them have not. We still have a naked point of control at 10.55 cents. We still have the previous week very very high at 10.9 cents. Um, but a move into the upside was expected.

[00:01:07]We got that nicely, um, and and we so far have been able to hold 10 and 9.8 cents. That for me was the critical level that we really needed to break above, um, to at least have a chance to rally again. But so, the question then is, is okay, well, we were able to break above that. That's great news, right? It is. It really is great news. But is it enough? Like do we do we have enough reasons to believe that we're really going to rally again for Luna Classic, right? Because that's that's obviously what we want, right? We want to get back to those highs right here at 11.5 cents. And we want to potentially be able to rally into our next price target between 13 and a half and 14 and a half cents. So, the question is, is okay, is is that possible? Um, I would say yes, certainly, right? I mean, if you look at this uptrend >> [snorts] >> uh, for for for Luna Classic, like it's we've already rallied so much, we can easily rally up higher as well.

[00:02:00]Even though we we have a bit of a blow-off top right here.

[00:02:03]We had a bearish structure break and there's bearish divergences, right? So, it's not going to be easy, but the the trend is into the upside. We have seen a lot of momentum and now we've also been able to break above 10 and 9.8 cents.

[00:02:17]So, we can certainly rally up higher.

[00:02:20]However, I am skeptic at the moment. And I don't like to say that's because I know most of you want Luna Classic to rally up higher. There's a couple of reasons why I'm quite skeptical right now for for for Luna Classic and that really has to do a little bit with the blow-off top that we had right here.

[00:02:39]This level right here is 11 and 1/2 cents is a very strong resistance level.

[00:02:42]We had a real structure break after that, right? And that structure break is real and we hadn't seen that before, right? So, the the situation for Luna Classic has changed significantly since the rally started with that with that drop that we had last week. It [snorts] was normal to get a move into the upside, right? So, so this is not abnormal price action. It's normal that after a bearish structure break, we still rally up back to the same levels to to fill those inefficiencies and then we'll drop down lower, but one of the key things that I that makes it less likely for me >> [snorts] >> that Luna Classic is going to rally up higher is momentum. I mean, the momentum right now for for Luna Classic has decreased significantly. Volume is at $75 million for spot. The volume for futures are are also, you know, incredibly low. So, that's not the the end of the world, but it does make it, you know, less easy to rally up higher.

[00:03:32]And then you see the funding rates right here like we had incredibly negative funding rates right here yesterday yesterday evening and that that caused a little bit of bullish momentum, but only back to the same highs. Right? And then we have that that those resistance levels at 10.5 and 10.9 cents, those inefficiencies.

[00:03:49]Like then the the question is, okay, The is not bearish. Like I do expect a move up higher.

[00:03:55]But is that move up higher and is the momentum with that move up higher going to be strong enough? Is it is is it going to be enough to actually break out? And for me that answer is no. I mean I like I'm I'm ready for it. If we actually are able to break above 10.9 cents with volume, I'll probably buy Luna Classic. Um but if I would have to prepare you right now, I'd say assume that it's not going to happen. Right? So mean that there's much much more pain to the downside than pain to the upside.

[00:04:20]Right? So break above 10.9 cents, I was wrong. But for now I think it's most likely that we will rally up higher slightly here, fill those inefficiencies, but that at some point of time we're going to break through again. And then that structure break that we had uh last week is going to go into effect. We'll drop down to the swing lows right here at 9 9 cents. And from there we'll see again. I'll keep you updated on that. Those are my thoughts for now. Thank you for watching everybody. I'll see you on my next videos and uh and have a great day. Bye.