Terra Luna Classic | LUNC Profit Taking Caused A Healthy Pull Back, Gains Ahead?

Added: 2026-05-09

[00:00:03]Now we've got another slow start to the end of the week as Bitcoin sitting about break even on the day today at $80,000.

[00:00:11]Ethereum just slightly lower at 2282 right around that $2300 mark. And of course the rest of the old coins are mixed. But Terra Luna Classic is moving up once again. You guys can see that LUNC is currently trading at about 900 or 9600 points per coin. Reattempting to break that 10,000 point per coin mark. Dropping that zero once again after a little profit taking, which was expected. And here we are going into the weekend with potentially very strong price action. We're going to talk about the price of LUNC in the video today.

[00:00:47]We're going to be going over this article. Now I don't think that bulls are getting wiped out. I think that this plays into the emotion and they use these very vigorous verbs here. So that of course people get interested and click on them and so on. We're going to be talking about it all in the video today. So if it sounds like something you're interested in, let's get started.

[00:01:08]What's up everybody? I'm Clay and I do want to say thank you guys for watching the video. Thank you for subscribing to the channel. And thank you for understanding that YouTube is now run by AI.

[00:01:18]Well it is allowing general discussions about crypto, NFTs, and other digital assets. That's all that this video is.

[00:01:24]It's not a promise, promotion, suggestion, or recommendation, guarantee of any kind. Just you and I going over the latest crypto news. Of course the latest market analytics and focusing in on the price action of LUNC in the video. Now let's just start right here since this is where we're at. You can still see some very good signs. All of the moving averages are up or rising.

[00:01:46]You've got Terra Luna Classic above all of them except the very short-term five and six-day moving averages. And in the shorter-term moving averages are above the longer-term moving averages.

[00:01:58]>> [clears throat] >> These are extremely bullish signs that technical traders use to buy these assets. As a matter of fact, if you were a technical trader, you would be buying or could be buying. It doesn't mean that you have to buy moving average crossovers.

[00:02:13]But a lot of technical traders would have come in here and and bought down in this area right here as the shorter-term moving averages crossed above the longer-term moving averages. Now, maybe a more conservative uh technical trader would have come in in this area right here and bought as the 50-day exponential crossed above the 50-day simple.

[00:02:35]You know, it all depends, right? But nonetheless, a shorter-term moving average crossing above a longer-term moving average would have resulted buying in this area about 4,000 points per coin. And of course, here we sit.

[00:02:47]You've doubled your money at 9,000 points per coin. So, a lot of people making a lot of money in Terra Luna Classic right now. And of course, I believe the gains could continue on. The overall market is conducive to that growth. We're still sitting almost dead neutral at level of 48 right now, which is near straight up and down. Altcoin season about as neutral as you can get sitting at level 41 right now. And of course, the average RSI is floating between 55 and 60, which is still neutral territory. So, the market is extremely cautious at the moment.

[00:03:20]Doesn't necessarily know what's going to happen next. Traders aren't greedy.

[00:03:24]They're not fearful, but that fear still lingers in their mind. So, it is in the back of everybody's minds right now that the world could end tomorrow when their cryptocurrency investments could go to zero. And and you know, the days of of I don't know. I guess short-term past have have scarred investors, right? We forget what it's like to be greedy. We forget what it's like to be optimistic because of course, we've been dealing with the fear, extreme fear, and neutral territory for a year and a half straight now with almost zero signs of greed in the last what 18 months. That's kind of crazy. So, when that greed returns, dude, it is going to be so juicy when that uh this is just me talking right here, but it is going to be so juicy when that greed returns and when extreme greed sets in, I I believe and this is like just me talking, it's speculative, don't rely on this, whatever.

[00:04:21]It's been such a long time.

[00:04:24]Okay? It has been so long since traders, investors, retail, the crypto world has seen extreme greed that when that sets in it it could literally be like a bull market super cycle, okay?

[00:04:39]Because the last time we saw extreme greed was for about a week or two at the end of 2024. And you saw some fantastic price action taking place then with Solana near 300, you know, you had Trump coin running to $80 per coin. There were all of these fantastic gains to be had.

[00:04:55]But it's been so long and what we did have was so short-lived that the emotion could overwhelm retail and we could just get a mass influx of buyers that drives prices crazy. Don't wait until then to buy. Buy when others are fearful. Buy when the fear is still lingering. Buy when prices are low so that of course you can take advantage of the prices when they are high. Now, here's [snorts] what the analysts have to say about Terra Luna Classic. It says Luna plunged 21% in 24 hours as trading volume dropped 28% to $186 million. In fact, the daily trading volume fell fell by more than 28% to $186 million.

[00:05:38]Naturally, it showed that market participation weakened significantly during the sell-off, which is a good sign, guys, okay? If you had increased volume on a sell-off, it would mean that more people are essentially giving up.

[00:05:52]More people are selling off. But, of course, falling volume on a falling price just means that there's less buyers out there. Now, the client also raised a substantial portions of LUNC LUNC's valuation that ultimately pushed its market capitalization towards $488 million.

[00:06:10]And that was 2 days ago. Right? We had a nice profit taking that saw Terra Luna Classic go from nearly 1,200 points per coin back down to about 8,600 points per coin or 12,000 points per coin. I don't know what I just said. Down to about 8,600 points per coin. And we're bouncing off these moving averages yet again. Guys, this is still a very bullish chart. Right? If anybody looked at this they wouldn't say that Terra Luna Classic is bearish. They would say Terra Luna Classic is bullish. And the fact that the falling price was on falling volume doesn't mean the traders are convinced this rally is over. It is some healthy profit taking that you would expect after the price tripled in value.

[00:06:56]Right?

[00:06:57]Let these guys get out. What it means is then they get out there's less people willing to sell. And then the price rises again. Can push through. And of course, the sky is the limit on Terra Luna Classic. Now, it goes on to say that bulls absorbed heavy liquidation pressure. At the time of writing, long traders experienced severe losses during the latest correction as liquidation imbalances widened uh sharply across exchanges. CoinGlass analytics showed that long liquidations reached exactly 45,000, while short liquidations totaled 5.2,000.

[00:07:31]Those are extremely low numbers, right?

[00:07:33]Guys, when you're talking about long and short liquidations on futures, those are such small numbers across exchanges that Terra Luna Classic had I mean exponential potential from here.

[00:07:47]Think about it. The entire market showing only $45,000 in long liquidations.

[00:07:54]Either people are trading on extremely conservative leverage or or there's not much trading going on.

[00:08:00]Now it says the large disparity reflected aggressive bullish position positioning before the market reversed lower. Gate.io loan recorded 32,000 in long liquidations while Bitget followed with $12,000 in liquidations.

[00:08:15]We're used to seeing tens of millions of dollars in liquidations, right? On the short side, Bitget contributed the largest share at 4.69,000 whereas Gate.io recorded only $391.

[00:08:27]That's probably one dude that was short Terra Luna Classic and got liquidated there. So if you guys are interested in buying, one of the places that I own Terra Luna Classic futures is on the KUC exchange. You guys could see that right here and it is available on up to 75X leverage. All you need to sign up is an email and then of course you can go in, deposit your crypto and and do whatever you want. You buy Terra Luna Classic or literally choose from the best selection of cryptocurrencies I've seen available on a centralized exchange in the United States. Let me know what you guys think about it all and until the next time, hope that each and every one of you have an awesome day.