Terra Classic Forecast: Anticipating A 25% Price Surge With Bullish Patterns

Name	Symbol	Market	Market Cap ($)	Algorithm
Terra Luna Classic	LUNCUSD	Crypto	345,919,549	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Terra Luna Classic

LUNCUSD

Crypto

345,919,549

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.00000100	-1.56%	0.000063	0.000063	0.000063

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.00000100

-1.56%

0.000063

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.000064	0.000061	0.000064	0.000064	0.000028 - 0.000208

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.000064

0.000061

0.000064

0.000028 - 0.000208

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	03:43:58	1,526,434.99	0.000063	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

03:43:58

1,526,434.99

0.000063

USD

Price x Volume	Volume	Base Symbol	Related Pairs
460,561.68	6,932,920,247.27	LUNC	LUNCEUR	LUNCGBP	LUNCBTC

Price x Volume

Volume

Base Symbol

Related Pairs

460,561.68

6,932,920,247.27

Terra Classic Forecast: Anticipating A 25% Price Surge With Bullish Patterns

21/09/2023 10:45am

NEWSBTC

Terra Luna Classic (LUNC) has been on the radar of crypto enthusiasts and investors, but its recent price performance has left many scratching their heads. Since mid-August, the altcoin has been caught in a pronounced downtrend, drawing the attention of traders worldwide. This intriguing price movement is marked by the presence of two distinct descending trend lines, which have consistently acted as dynamic barriers of support and resistance. The continuous interplay between Terra Classic’s price and these trend lines has given birth to a descending channel pattern. This pattern, shaped by the seesawing between support and resistance, holds the potential to offer insights into the altcoin’s trajectory in the days to come. Related Reading: Polygon (MATIC) Comeback Challenges – What’s Holding It Back? Terra Classic At A Crossroads The current LUNC price, as per CoinGecko, hovers at $0.00005745 with a modest 24-hour gain of 0.3%. However, over the past seven days, it has seen a slight decrease of 0.4%. The price chart has been marked by short-bodied daily candles adorned with extended wicks, indicative of market indecision. Yet, history suggests that within falling channel patterns, such as the one LUNC is currently in, a bullish breakout often occurs. This hints at the possibility of LUNC breaking through the upper trend line and potentially experiencing a 6.3% surge. LUNC currently trading at $0.000057. Chart: TradingView.com Analyzing The Potential For A Bullish Rally Experts in the crypto space suggest that such a bullish move could amplify the demand pressure for Terra Luna Classic, potentially propelling the coin to rally by as much as 25%. This would put the next major resistance level at $0.000075 squarely in the altcoin’s sights, offering hope for those holding LUNC tokens. However, it’s worth noting that the crypto market is currently under the shadow of uncertainty. Renowned crypto analyst Nicholas Merten recently sounded a cautionary note in a YouTube strategy session. Merten predicted a prolonged bearish trend for Bitcoin (BTC) and altcoins, expressing concern that this downturn could lead to widespread liquidations and the removal of excess money from the system, potentially contributing to economic challenges. Related Reading: Chainlink: Analyst’s Vision Of A 20% Rally And How It Could Happen Terra Luna Classic’s price behavior, ensnared within the confines of a descending channel pattern, is a topic of keen interest among crypto enthusiasts. While historical patterns hint at the possibility of a bullish breakout, the broader market climate remains uncertain. As investors brace for potential turbulence, all eyes are on Terra Classic to see if it can break free from the gravitational pull of its descending trend lines and defy the prevailing market sentiment. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from Sport Découverte

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LUNCUSD Terra Luna Classic