Terra Classic (LUNC) Breakout May Trigger 1,100% Rally - Watch Key Support Levels

Click on the avatar live to watch the live broadcast and chat!

Terra Classic (LUNC) is currently at a critical stage of technical breakthrough and may achieve a rebound of more than 1,100%. According to the latest analysis, LUNC's potential target prices are $0.00058046, $0.00098584, and $0.00139122.

1. Market Performance

LUNC is currently priced at $0.0001115, with a 24-hour trading volume of $23.876 million and a market capitalization of approximately $614 million. Despite a 2.02% drop in the past 24 hours, it has risen 2.20% in the past 7 days, indicating that market sentiment is cautiously bullish.

2. Technical Analysis

LUNC's chart shows a potential breakout pattern, and the previous breakout successfully achieved three target prices. The current pattern suggests that the price is expected to break out and rise further. If the bullish momentum continues, the target may reach $0.00058046 to $0.00139122.

3. Key support levels and indicators

The RSI is currently at 43.49, indicating that the market is still facing bearish pressure, but it is close to the neutral zone and may stabilize. MACD shows a bearish crossover and the momentum is weak. The key support level is at $0.00009883, and a break below this support level may affect the recovery.

4. Derivatives market activity

The derivatives market trading volume increased by 15.16%, indicating that the market interest has increased. However, the open interest fell, indicating that some positions were closed. The long/short ratio is close to 1, and the sentiment is cautious.

5. Liquidation and leverage activity

The liquidation data shows that long positions are facing challenges, but the relatively low liquidation amount indicates that leverage activity is limited, reducing the risk of sharp price fluctuations.

Conclusion

Terra Classic (LUNC) has the potential to break out of the current range and achieve a sharp rebound. Although technical indicators send mixed signals, if the key support is held and the overhead resistance is broken, LUNC may usher in a sharp rise with a target price of $0.00058046 to $0.00139122.

Click the avatar live to watch the live broadcast and chat!