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Terra Luna Classic (LUNC) is once again in the spotlight a s the community votes on reclassifying TerraClassicUSD (USTC) from a stablecoin to a Universal Standard Token or a meme coin. This decision could have major implications for the broader Terra Classic ecosystem, influencing investor sentiment and market dynamics. Meanwhile, LUNC’s price action remains sluggish, struggling to break out of its consolidation phase. In this article, we analyze LUNC’s current market structure, key support and resistance levels, and the potential impact of the USTC reclassification vote. LUNC has been trading within a narrow range , showing signs of stability but lacking the bullish strength needed for a breakout. The current price hovers around $0.000063, with resistance forming near $0.000080. The Relative Strength Index (RSI) sits at 44.08, suggesting a neutral to slightly bearish momentum, meaning that LUNC is not oversold but still struggles to attract significant buying interest. The Moving Average Convergence Divergence (MACD) indicator shows a lack of strong bullish momentum, with the MACD line hovering close to the signal line. While the recent small uptick in histogram bars suggests slight bullish divergence, the price action remains weak overall. The proposal to reclassify USTC from a stablecoin to a meme coin or Universal Standard Token has sparked debate in the community. USTC has failed to maintain its peg since the Terra collapse in 2022, and instead of trying to restore its value to $1, the community is considering repositioning it to ensure continued exchange listings and regulatory compliance. If USTC is officially classified as a meme coin, it could attract speculative interest similar to Dogecoin and Shiba Inu. This move could also prevent delisting from major exchanges like Binance, which generates revenue for the Terra Classic ecosystem through transaction fees. However, critics argue that rebranding USTC as a meme coin could further erode confidence in the Terra Classic network. For LUNC , this decision could bring short-term volatility. If investors see the reclassification as a positive move, speculative buying could drive LUNC’s price upward. However, if the community remains divided or regulatory concerns increase, bearish pressure could push LUNC lower. LUNC is currently testing key support near $0.000062. If this level holds, we could see a potential bounce back toward $0.000080. However, if sellers dominate, a drop toward the next major support at $0.000050 is likely. A breach below this level could trigger a bearish trend reversal, pushing LUNC toward $0.000040 or lower. To confirm a bullish reversal, LUNC needs to break and sustain above $0.000080, followed by a push toward $0.000100. Strong volume support is crucial to validate any breakout, and traders should watch for increasing buying pressure before entering long positions. The upcoming USTC reclassification vote will play a crucial role in shaping LUNC’s future trajectory. If the proposal passes and is viewed positively, it could bring renewed speculative interest to the Terra LUNA Classic ecosystem. However, if skepticism prevails, LUNC could continue its downtrend, testing lower support levels. For now, traders should monitor price action near $0.000062 and watch for any breakout above $0.000080. As market sentiment evolves, LUNC’s price movement will likely be influenced by the outcome of the community vote and the broader cryptocurrency market trends.

The crypto universe is taking a new step with the arrival of a potential SUI ETF. Indeed, Canary Capital has officially filed an application with the SEC to register the first exchange-traded fund linked to Sui. If approved, this project could provide broader institutional access to this digital asset and accelerate its adoption. After being the third to file an application for a Solana ETF , Canary Capital now wants to be the first to offer a SUI ETF, thus allowing investors to access this crypto without directly owning it. This initiative fits into a growing movement towards the structuring of digital assets, similar to the rise of Bitcoin ETFs, which have seen significant success following their approval. The ETF would provide exposure to the performance of Sui, a blockchain recognized for its scalability and speed, particularly suited for decentralized applications and intensive trading. With this proposal , Canary Capital seeks to attract institutional capital while democratizing access to SUI for the general public. Although the current U.S. administration appears more favorable to cryptocurrencies, SEC approval remains a major hurdle. While Bitcoin ETFs have paved the way, funds based on other cryptos still need to prove their compliance with regulatory requirements. Moreover, one point remains uncertain: on which exchange will this SUI ETF be listed? This factor will play a key role in its adoption and liquidity. Furthermore, Canary Capital faces increased competition, with VanEck and 21 Shares also filing applications for ETFs on Solana and XRP. If this ETF receives SEC approval, it would represent a major breakthrough for Sui, providing it with institutional recognition. Its role in DeFi, gaming, and asset tokenization could promote broader adoption and strengthen its influence in the crypto market. With Nasdaq already committing to a unique Litecoin ETF for 2025 , the market for crypto index funds is taking on a new dimension with the SUI ETF. If approval comes through, Canary Capital could mark a turning point in the history of SUI, thus enhancing the general momentum towards increased institutional adoption.

Dogecoin (DOGE) , the original meme coin, has seen significant price swings over the past few months. After reaching a strong high, DOGE has been in a steady downtrend, leaving traders wondering if the worst is over or if more downside is ahead. With meme coins remaining a speculative favorite among retail investors, understanding DOGE’s current technical setup is key to predicting its next move. In this analysis, we’ll take a closer look at Dogecoin’s support and resistance levels , technical indicators, and possible price action in the coming weeks. Dogecoin (DOGE) has seen a steady decline after a significant bull run, with price action showing signs of weakening momentum. The latest daily chart suggests that Dogecoin price is trading at around $0.17, struggling to maintain upward traction. The broader market correction, combined with fading retail enthusiasm, has contributed to this bearish sentiment. The recent price action suggests a consolidation phase, with DOGE price attempting to find support. The cryptocurrency has been forming lower highs, indicating a gradual loss of buying pressure. However, is this a temporary cooldown, or is DOGE headed for further decline? A closer look at the Relative Strength Index (RSI) reveals that DOGE is hovering around 32.29 , indicating oversold conditions. This could mean that a relief bounce is possible, but the overall trend remains weak. If the RSI drops further below 30, it could signal extreme overselling and a potential short-term recovery. The Moving Average Convergence Divergence (MACD) indicator also supports the bearish outlook. The MACD line remains below the signal line, showing that downward momentum is still in play. However, the histogram is beginning to show slight signs of weakening bearish pressure, suggesting that a reversal might be on the horizon if buyers step in. One of the most important levels to watch for DOGE price is the $0.16 support zone. Historically, this level has served as a strong buying zone where bulls attempt to regain control. A break below this level could see Dogecoin retracing to $0.14 or lower, potentially testing new yearly lows. On the upside, the key resistance level stands at $0.20. A breakout above this level could reignite bullish sentiment and push Dogecoin price towards $0.25, where more resistance is expected. For this to happen, Dogecoin would need a surge in trading volume and a broader market recovery. Dogecoin’s future price action will largely depend on broader crypto market trends and potential catalysts such as increased adoption or Elon Musk’s influence. While DOGE has historically been a meme-driven asset, its integration into payment systems and community-driven initiatives could play a key role in determining its long-term price direction. As of now, DOGE is in a make-or-break situation. If buyers defend the $0.16 support, we could see a reversal towards $0.20. However, a failure to hold this level could lead to further downside. Traders should keep an eye on volume spikes and momentum indicators to gauge the next potential move. Dogecoin is currently at a crossroads, with key support at $0.16 and resistance at $0.20. The RSI suggests a potential oversold bounce, but the overall trend remains weak unless bulls regain control. Investors should monitor market sentiment closely, as any sudden surge in buying pressure could push DOGE toward a breakout.

Ethena Labs and Securitize have announced the launch of Converge, a blockchain designed to support decentralized finance and tokenized assets. The network will cater to both retail and institutional investors, offering standard DeFi applications alongside financial products that comply with institutional requirements. Converge is built on Ethereum’s Virtual Machine, allowing existing Ethereum ( ETH )-based applications and smart contracts to function without modification. Ethena ( ENA ) plans to move its DeFi ecosystem, which holds nearly $6 billion in assets, onto Converge. Securitize, which specializes in tokenizing real-world assets, will use the blockchain to issue and manage digital securities. Tokenized assets are digital representations of financial instruments like stocks, bonds, and real estate. Converge will allow institutions to interact with these assets on-chain while maintaining regulatory compliance. Institutional-grade custodians, including Anchorage, Copper, and Fireblocks, will provide security for these assets. The network will integrate DeFi applications from partners such as Pendle, Aave Labs, and Maple Finance. It will also support interoperability through LayerZero and Wormhole, ensuring seamless asset transfers across blockchains. Oracle providers like RedStone and Pyth will supply real-time price data. Ethena’s ENA token will play a role in securing the network, and the stablecoins USDe ( USDe ) and USDtb will be used for transaction fees. The blockchain will include both permissionless DeFi applications and permissioned offerings for institutional users. Ethena and Securitize see Converge as a solution to regulatory barriers that have kept institutions from fully engaging with DeFi. By combining DeFi’s efficiency with compliance-focused infrastructure, the network aims to provide a bridge between traditional finance and blockchain-based markets.

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