Terra Classic Price Seeks Stability After 72% Decline: Key Support Levels in Focus

Terra Classic Price aims to stabilize after a 72.16% drop, rebounding 12.8% to $0.000081. A breakout above $0.000084 could trigger a 12-14% rally, but resistance from a descending triangle remains a challenge.

HIGHLIGHTS

The LUNC price may prolong a sideway trend within the formation of a descending triangle.

A negative crossover between the daily EMAs (20, 50, 100, and 200) indicates the path to least resistance is down.

The intraday trading volume in the LUNC coin is $14.6 Million, indicating an 11% loss.

The Terra Classic price has showcased a sluggish sideways trend for over a week, neglecting the broader market rebound. Its daily chart produces short-body candles with long wicks indicating no dominance from bulls or bears to drive this asset. With the overhead supply intact, the LUNC price is posed for another retest to multi-month support to renewed bullish momentum.