LUNC Prices Surge by 23.3%: What’s Driving the Trend?

Aug 12, 2024 Aug 12, 2024

A Cosmos chain vulnerability caused a $4M loss, impacting Terra's prices. The August 8 Blockchain upgrade followed.

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LUNC saw high volatility in 72 hours with RSI above 60, indicating potential instability and renewed bearish sentiment.

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Price hoarding slowed with a 6.86% drop. High volatility and whale dumps suggest a bearish market.

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RSI reading of 60.69, LUNC appears overbought. Could the market trend towards a bearish outlook?

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