Luna Classic Price Prediction: A potential indicator of crypto sell-offs?

Luna Classic price is currently down 3% on the day.
LUNC could decline by 25% toward $0.00013350.
Invalidation of the bearish thesis could arise from a breach above the $0.00021107 swing high.

Tony M.FXStreet Contributor

Luna Classic price has been trading sideways while most other cryptocurrencies have experienced a remarkable rally. Technical indicators also suggest that the LUNC price is subject to a change of trend. Key levels have been defined to determine a realistic outcome in the days to come.=

Luna Classic price currently auctions at $0.00017954. Traders should consider looking at other cryptocurrencies as the Relative Strength Index (RSI) has not broken out past overbought conditions during its recent spike up. This suggests that the entire uptrend that began in December is subject to a reversal. If this is the case, the bears could induce a 25% decline targeting liquidity levels as low as $0.00013350.

Other cryptocurrencies, such as OCEAN and HBAR, have shown ideal technical performance as their RSIs have broken into overbought conditions. Considering these factors, these two assets may be better for trading in the short term.

LUNC/USDT 1-Day Chart

Invalidation of the bearish thesis could occur from a hurdle above the recent swing high marked at $0.00021107. If the breach occurs, the bulls could continue surging as high as $0.00020850 to challenge the liquidity within the region. The bullish scenario creates the potential for an 18% increase from the current Luna Classic price.

Author

Tony M.

FXStreet Contributor

Tony Montpeirous began investing in cryptocurrencies in 2017. His trading style incorporates Elliot Wave, Auction Market Theory, Fibonacci and price action as the cornerstone of his technical analysis.

Bitcoin eyes 50-day EMA breakout, Ethereum consolidates, XRP steadies

Bitcoin, Ethereum, and Ripple trade near key technical levels on Friday as the broader cryptocurrency market pauses following last week's recovery. BTC is approaching the 50-day Exponential Moving Average while ETH continues to consolidate between two major EMAs.

Uniswap lead gains, Cardano and NEAR risk rejection at EMAs resistance

Top altcoins Uniswap, Cardano and Near Protocol all saw gains on Thursday after a slight recovery across the crypto market. UNI rallied over 10% on Thursday, reaching a six-month high after unveiling Launches, a new feature in its Web App that aggregates tokens across launchpads that leverages the decentralized exchange as their trading infrastructure.

Aave to sunset Sonic, Aptos, zkSync, Scroll reserves, affecting $98 million in supply

Aave is planning to sunset 75 low-activity reserves across its decentralized finance protocol as part of a broader effort to reduce operational, technical and economic risks across its network of deployments.

Strategy, Coinbase post weak Q2 earnings amid prediction market growth for the exchange

Strategy reported an $8.33 billion operating loss in the second quarter of 2026, according to its earnings report released Thursday. The losses were largely driven by an $8.32 billion unrealized loss on its Bitcoin holdings as the top crypto's price declined during the period. The company also reported an $8.22 billion net loss for the quarter, or $24.45 per diluted share.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.