Lunc is back on top!
Community action and mass token burning, much to the surprise of the market, China will buy a large amount of assets.
Moving away from the inconsistencies in the token burning mechanism, the#LUNCcommunityrecently revealed a new proposal (Proposal 12133) to fix the error in the number of validators allowed to work on the network. This number was erroneously changed after a recent#SDKupdate. According to reports, the proposal would restore the maximum number of validators to 100. According to analysts, this could position the asset for a bullish run in the short term.
A recent analysis by a renowned technical analyst revealed that #LUNCâ has a bullish outlook, as the Moving Average Convergence Divergence (MACD) indicator is at a positive end. Furthermore, its Relative Strength Index (#RSI) indicated that market sentiment is currently neutral. According to the analysis, $LUNC may soon reach the crucial resistance level of $ 0.0001 and subsequently move towards the $ 0.0003 zone.
A few months ago, another analyst, identified as Javon Marks, also predicted that the asset would likely stage a recovery to reach $ 0.0004.
