Terra Luna Classic (LUNC) Price Rises 5% as Bullish Momentum Builds
Terra Luna Classic (LUNC) has risen 5% today on strong technical indicators and market sentiment. The recent burn event of the LUNC token is what led to the surge in that price.
LUNC Price Chart Analysis
LUNC/USDT is up with a price increase of 5% trading at $0.00009066 in the last 24 hours.
The price has recently propelled beyond the 20-day Simple Moving Average SMA at $0.0000900, suggesting a possible move toward the bullish zone.
This level acts as support, suggesting that there may be higher demand to buy LUNC which could help maintain Terra Luna Classic’s rally.
Nonetheless, LUNC still could face some resistance at $0.00009641, at the upper Bollinger Band for LUNC. A breakthrough of this level may confirm more bullish strength in LUNC as well as a continuation of a bullish trend.
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