Terra Luna Classic Price Prediction as LUNC Jumps 12% in 7 Days – Is the Sell Off Over?

Terra Luna Classic Price Prediction as LUNC Jumps 12% in 7 Days – Is the Sell Off Over?
image_print


Terra Classic, colloquially known as LUNC, is currently trading at an impressive $0.000065. In the past 24 hours, this cryptocurrency has witnessed a slight dip of 0.25%, but has surged over 12% in the last 7 days underscoring.

According to CoinMarketCap, Terra Classic has secured its position at #94, boasting a substantial market capitalization of approximately $375 million . In terms of supply metrics, the market is awash with a staggering nearly 5.7 trillion LUNC coins in circulation.

However, details regarding its maximum supply remain shrouded in mystery. Witnessing an impressive surge of 12% over the past week, LUNC’s performance has turned heads and reignited the age-old debate: Is the sell-off truly behind us?

Here’s our take on the Terra Luna Classic price prediction and the dynamics at play.

Minergate

Terra Luna Classic Price Prediction

Analyzing the daily chart reveals pivotal price levels that traders and investors should keep a close watch on. The pivot point for Terra Classic is precariously set at $0.00006721.

Notably, this isn’t just a random figure; it’s the 50% Fibonacci retracement level and also corresponds to the triple top pattern, a crucial technical indicator.

Moving upwards, the cryptocurrency encounters its first resistance at $0.00007033, synonymous with the 61.8% Fibonacci level. Beyond that, traders should keep an eye on the resistance level set at $0.00007464.

On the flip side, if Terra Classic were to face bearish pressures, its immediate support is established at $0.00006423, marking the 38.2% Fibonacci retracement level.

Deeper supports can be identified at $0.00006059 and then at $0.00005449.

LUNC Price Chart
LUNC Price Chart – Source: Tradingview

Delving into other technical indicators, the Relative Strength Index (RSI) stands at 64. This is a clear indication of bullish sentiment.

For the uninitiated, an RSI reading above 70 typically signals an overbought condition, whereas anything below 30 suggests a potential oversold scenario.

Given Terra Classic’s RSI is comfortably seated at 64, it leans toward a bullish sentiment.

Summing Up

In conclusion, the overall trend for Terra Classic appears to be bullish as long as the price remains above the critical $0.00006059 mark. Conversely, slipping below this level might invite bearish tendencies.

Given the current market dynamics and technical indicators, Terra Classic might test the resistance level of $0.00007033 in the upcoming days.

As always, it’s imperative for traders and investors to stay informed and tread wisely in this volatile crypto landscape.

Bitcoin Minetrix (BTCMTX): Last Chance Alert

Step into the groundbreaking realm of Bitcoin Minetrix with its unique stake-to-mine approach. The presale has impressively crossed the $2.6 million threshold, underlining its mounting popularity.

With the clock ticking, only 3 days and 14 hours remain before the anticipated price boost. Don’t miss out as this exceptional chance materializes.

Bitcoin Minetrix
Bitcoin Minetrix

Stay Informed: Connect with the rapidly expanding Bitcoin Minetrix community on platforms such as X, Discord, and Telegram for real-time news.

Solidify your spot in this revolutionary venture by participating in the BTCMTX presale now.

Buy BTCMTX Here

Meme Kombat Presale Slice Through $850K

Dive into Meme Kombat, an avant-garde project blending the nostalgic charm of classic gaming, meme culture, and GambleFi within a decentralized Web3 environment.

At the heart of Meme Kombat is a captivating arena where avatars, symbolizing unique crypto tribes, engage in fierce battles.

Enthusiasts can place bets on these animated face-offs, predicting outcomes and possibly reaping considerable rewards. Meme Kombat The current USDT collection is approaching its goal of $1,000,000, with a tally of $851K. Each MK token is available at $0.1667. Seize the moment.

With just 3 days and 21 hours left before an expected price surge, it’s prime time to get involved.

Buy Meme Kombat Here

Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Pin It on Pinterest