The IBC protocol is going to go live on TerraClassic... Before December, (LUNC) might reach $1.

One of the more intriguing cryptocurrencies on our watch list, particularly in the first half of September, is Terra Classic (LUNC). Since then, as was to be predicted, it has experienced a pullback, but there are still chances in and around this cryptocurrency.

Relative Strength Index (RSI) data for LUNC showed some weakness a week or two ago in the form of lower highs as the price was surging. allowing for brief possibilities as a result. The price was at the $0.00035 price level then, around a week ago, but it shot up before eventually ceding ground to the bears.

On September 15, LUNC reached its lowest point at $0.00024, a 59% decline from the prior surge. a 30% drop from the price level where we found the opportunity to sell short. The proposal's creator, Max Callisto, stated the following regarding the advantages of Terra Classic's reconnection to the IBC protocol

The proposal's creator, Max Callisto, stated the following regarding the advantages of Terra Classic's reconnection to the IBC protocol

By allowing IBC, USTC & LUNC outside the Terra Classic chain will be able to find their way back to Terra Classic, restoring the chain's liquidity for additional uses.

The change would make it easier for Terra Classic and the LUNC coin to experience an increase in demand and utility. Additionally, it would encourage a solid rebound following the most recent downturn.

After retesting the 50% RSI level, LUNC is already displaying signs of a bearish slowdown. Additionally, according to its Money Flow Index (MFI), LUNC flows have swung in favor of the bulls.

For the past few days, the cryptocurrency has been moving around a declining resistance line. LUNC will be able to overcome resistance if there are enough purchasing volumes.

Additionally, after peaking above $4 billion, LUNC's volume dropped to below $1 billion. A positive price jump was however followed by a small increase in its volume measure over the previous 24 hours.

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