Analyst expects Terra Classic prices to rise
Cryptocurrency market analyst, Javon Marks, recently predicted a significant price rise for Terra Classic (LUNC), envisioning a rise to $0.00139, which would mean a 1,134% increase. This optimistic prediction stems from the recognition of a strong bullish technical pattern within LUNC's price path. Marks highlighted that this projected price is still far from the all-time high of $0.00005922 achieved in 2022.
🔸 What is fueling LUNC's bullish outlook?
Since October 2023, LUNC's price trend has shown clear bullish behavior, rebounding from the low of $0.00005506, the weakest level since June 2022. This rebound coincided with a partial rally in the broader cryptocurrency market during Q4 2023, acting as a catalyst. For an uptrend in LUNC price.
🔸Important considerations
- Initial target: $0.00058046, which represents an increase of 414% from current levels.
- Historical data indicates a possible rise to $0.00098584 and possibly $0.001391.
- Critical support level: $0.00010747; Major resistance level: $0.00011498.
– Staying above these levels is necessary for the price to continue in the near term.
To achieve the bullish outlook, LUNC must remain above the $0.00010747 support level. In addition, overcoming resistance at 0.$00011498 is critical
$LUNC #LUNC