Terra Classic (LUNC) forms a bullish rounded bottom, signaling recovery and potential breakout above key resistance levels.
Analysts project over 1,100% gains for LUNC, with targets at $0.00058046, $0.00098584, and $0.00139122 as momentum builds.
Higher highs, higher lows, and growing volume confirm LUNC's bullish trend, with investor optimism reinforced by historical performance.
Crypto expert Javon Marks believes Terra Classic (LUNC) is showing indications of a bullish breakout. The cryptocurrency is currently showing similar characteristics that could result in a huge increase after previously shown upward momentum.
Rounded Bottom Formation Indicates Recovery
The price movement of LUNC against USDT has followed a well-defined trajectory. The token first had an upswing, peaking at about 0.00045 USDT. It quickly began a sharp slide, though, with lower highs and lows. Despite this, the price stabilized, transitioning into a rounded bottom pattern. This formation is widely recognized as a bullish reversal signal.
Moreover, the reduced trading volume during this consolidation phase suggests waning selling pressure. The rounded bottom aligns with higher lows in recent sessions, reflecting growing buyer interest. Consequently, LUNC appears to be gearing up for another breakout. Analysts anticipate resistance levels at 0.000068046, 0.000085684, and 0.000119722 USDT to act as key targets.
https://twitter.com/JavonTM1/status/1873547233771311484
Uptrend Momentum and Projected Gains
Following the consolidation, the token has shown higher highs and higher lows, signaling a shift toward a bullish sentiment. Besides, the trading volume has fluctuated in tandem with price volatility, further emphasizing the momentum build-up. The dominance of green candlesticks indicates consistent buying pressure, which could catalyze further gains.
Javon Marks projects potential targets at 0.00058046, 0.00098584, and 0.00139122 USDT, signifying possible gains exceeding 1,100%. These targets reflect historical performance, where LUNC reached multiple milestones after initial breakouts. Additionally, the price structure suggests a steady transition from bearish to bullish trends, reinforcing investor optimism.
There are key phases of breakout, decline, consolidation, and recovery. Each stage highlights changing market sentiment. Furthermore, the curved support pattern underscores the ongoing bullish trajectory. Investors should remain cautious but optimistic, as volume spikes could trigger significant upward movements.
