TERRA CLASSIC Prediction, surge a brief spark or start of a long climb
- Over the past two weeks, Terra Classic (LUNC) has demonstrated remarkable outperformance compared to the overall market, achieving impressive gains.
- The momentum gained additional strength when its counterpart, the Stablecoin USTC, experienced a significant rally in its pursuit to reclaim the $1 mark.
- Presently, the value of LUNC has surged by 25%, breaking through the crucial resistance level of $0.00021000, indicating the possibility of continued growth
TERRA CLASSIC soars 60%, reaching a 14-month peak.
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According to Coingabbar Technical Analysis, Golden crossover is observed on the daily chart, with the 50-day and 200-day moving averages converging, signaling a positive trend.
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The upward momentum is backed by the presence of a rounding bottom pattern, providing additional support to Terra Classic's rally.
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Breaking a crucial resistance at $0.00021, indicating the initiation of a potentially historic bull run.
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After a 14-month anticipation, Terra Classic experienced a resurgence, achieving four consecutive bullish days and testing the $0.000280 level.
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Witnessing a remarkable surge of over 25%, the price maintains its upward trajectory, aiming for the challenging $0.000280 resistance.
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Caution arises as the psychological barrier of $0.000280 may introduce supply pressure, impacting the ongoing price ascent.
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Sustaining above the conquered $0.00028 level opens the door for a potential 15-30% increase towards subsequent resistance points at $0.00032 and $0.00035.
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Conversely, a reversal in trend could lead to a loss of momentum, prompting a downward movement to test the support level at $0.00020.
KEY LEVELS :
RESISTANCE LEVEL : $0.00025000-$0.00028000
SUPPORT LEVEL : $0.00020500-$0.00018000
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.
