Terra Classic

Aptos

Terra

MN Coin

<ul> 
 <li style="font-weight: 400;">Terra Classic and Aptos were down by 17% and 14%, respectively, over the last week.</li> 
 <li style="font-weight: 400;">Market indicators remained bearish on both APT and LUNC.</li> 
</ul> 
Despite a promising beginning, the first week of 2024 did not go in the investors’ best interest. This was the case as most cryptos witnessed price corrections, thanks to the dominant bearish market condition. 
However, while that happened, two tokens, namely <a href="https://ambcrypto.com/search/aptos" target="_blank" rel="noopener" data-wpel-link="internal">Aptos [APT]</a> and <a href="https://ambcrypto.com/search/terra+classic" target="_blank" rel="noopener" data-wpel-link="internal">Terra Classic [LUNC],</a> registered improvements in a key metric, suggesting a trend reversal. 
<h4>Terra Classic and Aptos are bleeding</h4> 
The recent price drop caused havoc in the crypto space, as top coins also witnessed price corrections. To put it in context, the price of <a href="https://ambcrypto.com/search/Ethereum" target="_blank" rel="noopener" data-wpel-link="internal">Ethereum</a> [ETH] dropped by more than 3% in the last week. 
The king of cryptos’ <a href="https://ambcrypto.com/search/bitcoin" target="_blank" rel="noopener" data-wpel-link="internal">Bitcoin [BTC]</a> also fell victim to this price correction, but it was quick enough to make a recovery. However, other tokens like APT and LUNC were not as lucky as BTC as they continued to shed value. 
According to <a href="https://coinmarketcap.com/currencies/aptos/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">CoinMarketCap</a>, Aptos was down by more than 14% in the last seven days. At press time, it was trading at $9.07 with a market capitalization of over $2.7 billion. 
On the other hand, Terra Classic’s value witnessed a drop of 17% last week. At press time, it was <a href="https://coinmarketcap.com/currencies/terra-luna/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">trading</a> at $0.0001176 with a market cap of $687 million. 
However, there was good news for investors as a key metric registered improvement for both APT and LUNC. Ben GCrypto, a popular crypto influencer, recently posted a tweet highlighting an interesting development. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Top 5 Coins by Alt Rank: January 5th 
 Alt Rank is a unique measurement by <a href="https://t.co/SjCk33fhRi" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">https://t.co/SjCk33fhRi</a>, that combines actual altcoin price performance relative to <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">#Bitcoin</a> and social activity indicators.<a href="https://twitter.com/search?q=%24OSMO&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">$OSMO</a> <a href="https://twitter.com/search?q=%24INJ&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">$INJ</a> <a href="https://twitter.com/search?q=%24APT&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">$APT</a> <a href="https://twitter.com/search?q=%24LUNC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">$LUNC</a> <a href="https://twitter.com/search?q=%24KAS&amp;src=ctag&amp;ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">$KAS</a> <a href="https://t.co/Xo9Uyd951W" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/Xo9Uyd951W</a> 
 — Ben GCrypto (@GCryptoBen) <a href="https://twitter.com/GCryptoBen/status/1743209168306131271?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">January 5, 2024</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
As per the tweet, both LUNC and APT’s Altrank have improved in the recent past. 
 For initiators, whenever Altrank improves, it hints at a price uptick. Therefore, AMBCrypto dug deeper to find the viability of APT and <a href="https://ambcrypto.com/lunc-burns-100-mln-tokens-price-rises-6-in-24-hours/" target="_blank" rel="noopener" data-wpel-link="internal">LUNC,</a> kickstarting a bull rally. 
<h4>A trend reversal awaits Aptos and Terra Classic.</h4> 
As per our analysis of<a href="https://ambcrypto.com/aptos-assessing-what-caused-apt-prices-to-soar-by-double-digits/" target="_blank" rel="noopener" data-wpel-link="internal"> APT</a>’s daily chart, its MACD displayed a clear bearish advantage in the market. Its Money Flow Index (MFI) registered a sharp downtick, suggesting a further price drop. 
<div id="attachment_362349" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362349" decoding="async" class="wp-image-362349 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29.png" alt="" width="1815" height="792" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29.png 1815w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29-300x131.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29-1024x447.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29-768x335.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/APTUSDT_2024-01-06_13-31-29-1536x670.png 1536w" sizes="(max-width: 1815px) 100vw, 1815px"></a>
 Source: TradingView
</div> 
Considering an utopian scenario, AMBCrypto planned to check APT’s liquidation levels. The reason being that if <a href="https://ambcrypto.com/will-aptos-catch-the-inscriptions-fever/" target="_blank" rel="noopener" data-wpel-link="internal">APT</a> managed to start a bull rally, at what levels might it witness resistance? 
Our analysis revealed that if Aptos gains bullish momentum, it will face a strong resistance near the $11 mark. 
<div id="attachment_362350" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362350" decoding="async" class="wp-image-362350 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1.png" alt="" width="1482" height="736" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1.png 1482w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1-300x149.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1-1024x509.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/newplot-1-1-768x381.png 768w" sizes="(max-width: 1482px) 100vw, 1482px"></a>
 Source: Hyblock Capital
</div> 
Read <a href="https://ambcrypto.com/predictions/terra-luna-price-prediction" target="_blank" rel="noopener" data-wpel-link="internal">Terra Classic’s [LUNC] Price Prediction</a> 2023-24 
Similarly, we also checked Terra Classic’s daily chart to find out what investors should expect from the token. As per our analysis, <a href="https://ambcrypto.com/lunc-slides-as-sec-triumphs-over-terraform-labs-in-latest-update/" target="_blank" rel="noopener" data-wpel-link="internal">LUNC</a>’s MACD also remained bearish. Its Chaikin Money Flour (CMF) was resting below the neutral mark. 
 Nonetheless, its Relative Strength Index (RSI) was headed towards the oversold zone. If the indicator enters the oversold zone, it might exert buying pressure and, in turn, increase the token’s price. 
<div id="attachment_362385" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-362385" decoding="async" class="wp-image-362385 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39.png" alt="" width="1815" height="791" srcset="https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39.png 1815w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39-300x131.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39-1024x446.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39-768x335.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2024/01/LUNCUSDT_2024-01-06_13-35-39-1536x669.png 1536w" sizes="(max-width: 1815px) 100vw, 1815px"></a>
 Source: TradingView
</div>

If this is true, LUNC & APT might go on a bull run soon

AMBCrypto

Other articles published on Jan 7, 2024

Will Pushd (PUSHD) be the best investment in 2024? Analysts believe so over ICP and ETH

Why Bitcoin ETF Approval Will Not Be a ‘Sell the News’ Event — Analysts

Watch Leading Artificial Intelligence(AI) Crypto Coins in 2024

3 Hottest Trending Altcoins to Buy This Week

Unraveling Ethereum’s supply puzzle, from exchanges to stakes

Huge XRP Rally Incoming as This Presale Eyes $5 Million Target

Join our free newsletter for daily crypto updates!