Terra Classic (LUNC) has exhibited major price movement over the past month as its token has gained over 22% in value in the past day and has gained nearly 130% in value over the past month.
LUNC price briefly traded in a tight range between $0.00006190 and $0.00006698. Next altcoin It gained momentum and the price broke out of the range. LUNC price gained 34% before being rejected at $0.00009002.
Following this, the price lost momentum and the altcoin started trading under a bearish effect. For a short period of time, the coin traded sideways. This indicated weak trading pressure.
The bulls regained momentum. The price increased by a significant 48% in three days. The altcoin was subsequently rejected at $0.00011778 and subsequently exhibited significant price volatility.
After many unsuccessful attempts to break the crucial support level at $0.00009002, the price regained momentum and showed another 50% bounce. The price then traded above the $0.00011778 support/resistance level for a while.
Recently, the price recorded another 23% jump. In this context, it showed that there was a strong upward effect on the market.
It shows a sharp rise in the Moving Average Convergence Divergence (MACD) histogram, indicating a trend reversal in the market. Additionally, the averages show an upward convergence, indicating that the price will continue to appreciate in the coming period.
Will Terra Classic Reach $0.0002 Soon?
If the bulls push the price above the $0.000145 resistance level, LUNC price will regain momentum. In this context, it will soon prepare to test the $0.000155 upper resistance level.
Moreover, if the bulls hold the price at this level, it will set the stage for Terra Classic to attempt to test the $0.000160 upper level next week.
Conversely, it is possible for bears to beat the bulls. If this happens, the price will lose momentum and soon drop to test the $0.00012855 support level. Moreover, if the bears continue to dominate the market, it will decline further and test the lower support level of $0.00011778.