Lokesh Gupta
31-05-2024
Terra ecosystem tokens experienced a significant price rally, following Terraform Labs and co-founder Do Kwon reaching a settlement in principle with the U.S. Securities and Exchange Commission (SEC).
The #Terra Classic token is currently contending with the bearish-aligned 20 and 50 EMAs on the daily chart, following a recent death cross.
The recovery rally is rebounding from the 78.60% Fibonacci level and is now challenging the 61.80% Fibonacci level.
The rising channel indicates an underlying improvement in the trend.
According to Coin Gabbar analysis, If supported by a broader market recovery, the #Terra Classic ($LUNC) price could reach the $0.00015 mark or the 50% Fibonacci level.
Conversely, if the bulls fail to breach the upper boundary of the channel and the price breaches the lower boundary, it may drop to the $0.000080 level.
KEY LEVELS :
RESISTANCE LEVEL : $0.00015000-$0.00021000
SUPPORT LEVEL : $0.00008000-$0.00005000
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Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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