The recent LUNC price dip wiped out a heavy chunk of over-leveraged long positions, triggering a shake-out that’s typically answered with a rapid price rise. Powering up triple-digit percentage bull rallies for Terra Classic (LUNC) on numerous occasions in 2024, LUNC is expected to react in a similar fashion, notes technical chart analyst Derek. 306% Upswing Potential Hints At LUNC’s 2024 Run Following a double-digit downturn infused with geopolitical drama and the staggering $19 billion liquidation event for crypto, Luna Classic’s price is finding its foot at $0.000044, bolstered by a positive MACD & an oversold condition on the



Market participants are eagerly anticipating at least a 25 basis point (BPS) interest rate cut from the Federal Reserve on Wednesday. The Federal Reserve, the central bank of the United States, is expected to begin slashing interest rates on Wednesday, with analysts expecting a 25 basis point (BPS) cut and a boost to risk asset prices in the long term.Crypto prices are strongly correlated with liquidity cycles, Coin Bureau founder and market analyst Nic Puckrin said. However, while lower interest rates tend to raise asset prices long-term, Puckrin warned of a short-term price correction. “The main risk is that the move is already priced in, Puckrin said, adding, “hope is high and there’s a big chance of a ‘sell the news’ pullback. When that happens, speculative corners, memecoins in particular, are most vulnerable.”Read more