This Altcoin Price Jumps 37%: Will The Rally Continue!

LUNC The price experienced a significant increase of over 37% last week. However, the Terra Classic price later faced a decline at the Golden Ratio resistance.

After the bullish divergence up to our last price prediction, there has been a massive price increase for Terra Classic.

Terra Classic Seeking Space for Price Breakout

The LUNC price soon rose about 37% to reach the Golden Ratio at around $0.000113. Here, LUNC met with unequivocal rejection.


As a result, the MACD histogram is also bearish today but the MACD lines are still bullish.

Golden Cross Potential: 4H Chart Shows Bullish Signal

A Golden Cross of EMAs may form on the 4H chart, confirming the uptrend in the short term.

However, the MACD lines are about to cross on the downside. Also, the MACD histogram is already trending bearish.

Due to the lower highs, it currently looks like LUNC could return to support around 0.00008517.

MACD Indicator Points To A Bullish Outlook

On the weekly chart, the MACD has been bullish for four weeks. Hence, the MACD lines may cross in the bullish direction soon.

MACD (Moving Average Convergence Divergence) indicator, cryptocurrency It is a tool used in trading to help identify potential trends and momentum changes in unit prices.

It consists of two lines moving up and down on a chart. When these lines cross each other, it can indicate a buy or sell opportunity. Traders use these lines to get an idea of ​​whether the price will rise in the near future.

Significant support awaits LUNC price to slide down around 0.000075 to 0.00008517. Also, decisive Fib resistance awaits at the Golden Ratio around 0.000113. The downtrend line of the entire bear trend is also located here.

Breaking this resistance will give hope for a reversal of the uptrend.

LUNC Price: Possible Bullish Engulfing Candle Coming

If LUNC price closes above 0.00010971 this month, a Bullish Engulfing Candle will form on the monthly chart. If so, the next month could be very bullish for Terra Classic.

You can find the current market movements here.

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