Has experienced a recent price drop Terra Classic continues to maintain its downward trend. Additionally, LUNC has lost over 11% in the last 24 hours and has lost over 26% in the past week.
LUNC price traded in a closed range between $0.0001327 and $0.0001457 for a while. Following this, the market lost momentum and the price recorded a correction in valuation of over 19%. After that, the price traded sideways in a closed range between $0.00011774 and $0.0001327 for a while.
The broader crypto market has lost momentum recently. This caused the price to drop the support level. However, the bulls kept the price strong and the price rebounded within the range.
After this, the price traded continuously in the range for a short period of time. This indicated a weak buying and selling pressure in the market. As the market lost momentum, the price trended downward and broke below the support level.
The price continued to trade bearishly and recorded a correction of over 15%. Currently, Terra Classic price is on the verge of testing the $0.000090 support level, the outcome of which is unpredictable.
Will LUNC Price Rise Again?
The Moving Average Convergence Divergence (MACD) shows a rising red histogram, indicating increasing selling pressure in the market. Additionally, the averages show a steady decline on the chart, indicating a bearish effect on the market.
Koinfinans.com As we reported, if the market price holds above the $0.0000900 support level, LUNC price will test the $0.00009970 resistance level. Moreover, if the bulls hold the price at this level, it will pave the way for LUNC price to attempt to test the upper resistance level of $0.0001177 in the coming period.
On the other hand, it is also possible for the altcoin to pull down the support level. If this happens altcoin The price will decline to test the lower support level at $0.00007965. Moreover, if the bears remain strong, the price will decline and prepare to test the $0.00006931 support level by the end of the week.
You can access current market movements here.