According to the Terra Classic Daily chart, the price structure shows that the price started rising briefly from October 2023 and rose spectacularly more than 300% after breaching the $0.0000950 level towards $0.000280. However, the bears stepped in, and seamless profit booking in LUNC led the price to degrade slowly, which later formed the support at the $0.0000900 level by January 23rd, 2024.
From this support, it took a momentary break, and bulls started filling in once again, which led to another surge of 180% from $0.0000910 to $0.000255 by March 5th, 2024. The bears started booking profit after March 6th onwards and fell to the depth at $0.0000712, which is below earlier crucial support. However, the candle closed at the crucial support at $0.0000900, which was by April 13th, 2024.
After spending a brief break, the price slowly started rising in an ascending wedge, and after interacting multiple times with dynamic resistance of 50-day, and 200-day EMA, in order to break it and rise, it failed and got shooked off below, that led to the breakdown of an ascending wedge pattern.
However, the price is near the same depth the last time at nearly $0.0000712, and if history repeats with buyers stepping in from this level, the tide could change as well.
Terra Classic (LUNC) Price Forecast & Indicator Overview!
At press time, the LUNC price has traded at $0.00007795 with an intraday decline of -14.07%, its trading volume at all major platforms is $151.57 Million, and market capitalization stands at $431.74 million.
Like the last time increase from April 13th, 2024, the LUNC crypto has revealed that it is near the same price it advanced briefly in the wedge from a crucial level of around $0.0000712 on the chart. The crypto asset could increase once again, contingent on the buyer's pressure and interest.
As of now, the dynamic resistances are pushing the price downward; MACD shows a bullish cross with a steep histogram, depicting less momentum. while the RSI has entered the extreme oversold zone below 30 and could hopefully start a U-turn; that's a possibility. Based on the indicators PoV, it shares with us the mix and fuzzy signals.
The asset is showing uncertain signs for future sessions, and it has performed pessimistically in the past week, month, and quarter by -16.98%, -32.36%, and -48.755, respectively, indicating a downtrend.
Therefore, if the demand for the LUNC increases abruptly, the asset price could bounce back from the current level. The next target for the price is to reach $0.0001300 and $0.0001720.
However, if the LUNC crypto price fails to stay above the $0.0000712 level, it could decline further towards $0.00005335.
From this support, it took a momentary break, and bulls started filling in once again, which led to another surge of 180% from $0.0000910 to $0.000255 by March 5th, 2024. The bears started booking profit after March 6th onwards and fell to the depth at $0.0000712, which is below earlier crucial support. However, the candle closed at the crucial support at $0.0000900, which was by April 13th, 2024.
After spending a brief break, the price slowly started rising in an ascending wedge, and after interacting multiple times with dynamic resistance of 50-day, and 200-day EMA, in order to break it and rise, it failed and got shooked off below, that led to the breakdown of an ascending wedge pattern.
However, the price is near the same depth the last time at nearly $0.0000712, and if history repeats with buyers stepping in from this level, the tide could change as well.
Terra Classic (LUNC) Price Forecast & Indicator Overview!
At press time, the LUNC price has traded at $0.00007795 with an intraday decline of -14.07%, its trading volume at all major platforms is $151.57 Million, and market capitalization stands at $431.74 million.
Like the last time increase from April 13th, 2024, the LUNC crypto has revealed that it is near the same price it advanced briefly in the wedge from a crucial level of around $0.0000712 on the chart. The crypto asset could increase once again, contingent on the buyer's pressure and interest.
As of now, the dynamic resistances are pushing the price downward; MACD shows a bullish cross with a steep histogram, depicting less momentum. while the RSI has entered the extreme oversold zone below 30 and could hopefully start a U-turn; that's a possibility. Based on the indicators PoV, it shares with us the mix and fuzzy signals.
The asset is showing uncertain signs for future sessions, and it has performed pessimistically in the past week, month, and quarter by -16.98%, -32.36%, and -48.755, respectively, indicating a downtrend.
Therefore, if the demand for the LUNC increases abruptly, the asset price could bounce back from the current level. The next target for the price is to reach $0.0001300 and $0.0001720.
However, if the LUNC crypto price fails to stay above the $0.0000712 level, it could decline further towards $0.00005335.