LUNC Technicals Point To More Gains

Terra Luna Classic’s technicals are supportive of a strong bullish breakout. On the daily chart, it has formed an ascending regression channel and is being supported by the 50-day and 100-day moving averages.

The coin’s Market Value to Realized Value (MVRV) Z-score has moved to about 2.7 and is near its highest level since April. While this could be a sign that it is overvalued, it still has more room to hit $4.6, its highest level this year.

Terra Luna Classic Price Chart