Cryptocurrency Terra Classic (LUNC), formerly known as LUNA, has been showing signs of revival lately. The altcoin, which reached its current price of $0.0001278 with an increase of 9.65% last week, has the potential to rise according to a popular crypto analyst. Top crypto analyst Javon Marks (@JavonTM1) has a series of positive signs pointing to a major price increase. determined.
In a recent post, Marks updated his analysis from December, noting a three-dimensional breakout pattern on the LUNC chart that indicates a move towards $0.000593 is possible. The 3D breakout pattern is a technical analysis indicator that indicates a potential trend reversal.
According to Marks, this potential move represents a stunning 340% upside from the current price. While acknowledging that past performance does not guarantee future results, Marks suggested that Terra Classic (LUNC) prices could exceed the target and the uptrend could continue. This type of price movement in the past indicates that a similar move may occur again.
This potential of Terra Classic creates great excitement in the cryptocurrency community and attracts the attention of investors. In particular, the cryptocurrency’s strong recovery from challenging times is raising investors’ hopes and creating optimism about future returns.
On the other hand, the altcoin community is also very passionate about the project. Continuing this support can provide a positive emotional boost. The community is actively working with developers and validators to restore the power of the Terra Classic ecosystem. The digital asset operates in a deflationary model where a decrease in supply helps the price rise. The LUNC community has been aggressively pushing for token burns, and a decrease in supply could help the token bounce back to its former levels.
What’s Next for Terra Classic (LUNC)?
Since the cryptocurrency market is a volatile and prone to sudden changes, the current situation needs to be monitored carefully. Regulatory hurdles present in the crypto market, especially in the US, may hinder the expected LUNC recovery. But despite this situation, the community shows strong support for Marks’ prediction, and many are hopeful for a recovery.
Recent important developments have also strengthened the bullish sentiment around LUNC. With the growing excitement for the crypto market within the Terra Classic ecosystem, LUNC’s recovery to previous levels may be closer to what was predicted. During this process, it is important to be careful about changes in the market and continue to take the right steps.
You can follow the current price movement here.
