Dogecoin

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Bitcoin

Terra

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/market-analysis-predicts-future-trends-for-luna-lunc-and-dogecoin/" data-wpel-link="internal">Market Analysis Predicts Future Trends for LUNA, LUNC, and Dogecoin</a> 
Recent declines in Bitcoin (BTC) have caused <a href="https://en.coin-turk.com/warren-buffetts-investment-strategy-and-his-indirect-crypto-gains/" data-wpel-link="internal">cryptocurrency</a> traders to reevaluate their positions. With BTC at $66,500, what are the latest forecasts for LUNA, LUNC, and Dogecoin ? On October 23, we will examine current charts and price predictions. Perhaps we are experiencing one of the last pullbacks before a potential upswing. 
<h2 style="text-align: justify" id="luna-and-lunc-chart-analysis">LUNA and LUNC Chart Analysis</h2> 
Do Kwon remains unreturned, and since Terra (LUNA) declared bankruptcy, it has faced numerous new competitors. Due to both the liquidation of Terraform Labs and the plethora of alternatives available to developers, the long-term outlook for LUNA appears bleak. 
Moreover, a significant portion of the applications on the network transferred to competing networks in 2022. Consequently, price movements have remained sideways for 124 days, except for brief speculative rallies. This trend may lead to further downward movements, especially if Kwon is extradited to the U.S. or South Korea and faces imprisonment. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399854 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/LUNAUSDT_2024-10-23_17-58-00.png" alt="" width="1814" height="836"> 
A weekly close above $0.468 could indicate a short-term upward trend, but this requires a significant recovery in overall market sentiment. In periods of ample liquidity, LUNA has the potential for speculative rallies, as shown by its frequent long upper wicks. 
The situation for LUNC is similarly troubling. After the collapse of the Terra network, the old network’s recovery has been stymied by its former users. <a href="https://en.coin-turk.com/binance-labs-supports-web3-innovators-with-new-investments/" data-wpel-link="internal">Binance</a>‘s token burns need to persist for decades to create a supply shortage. LUNC remains among the long-term risky assets, though that does not preclude potential speculative rallies. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399856 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/LUNCUSDT_2024-10-23_18-02-07.png" alt="" width="1815" height="836"> 
<h2 style="text-align: justify" id="dogecoin-doge">Dogecoin (DOGE)</h2> 
Dogecoin’s price has risen 44% over the last 11 days. This increase paused upon reaching the critical resistance at $0.15, but the long lower wicks indicate that investors remain undeterred. In a scenario where Trump wins, Elon Musk’s influence could lead <a href="https://en.coin-turk.com/dogecoins-rise-three-reasons-for-its-recent-performance/" data-wpel-link="internal">DOGE</a> to reach new peaks in November. However, if we start to see closes below $0.132, DOGE could decline to familiar key levels around $0.11 and $0.105. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-399857 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/10/DOGEUSDT_2024-10-23_18-04-19.png" alt="" width="1814" height="836"> 
Currently, DOGE holds this critical area, allowing for another attempt at resistance. 
The post <a href="https://en.coin-turk.com/market-analysis-predicts-future-trends-for-luna-lunc-and-dogecoin/" data-wpel-link="internal">Market Analysis Predicts Future Trends for LUNA, LUNC, and Dogecoin</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Market Analysis Predicts Future Trends for LUNA, LUNC, and Dogecoin

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