270 Percent Bullish Signal for Terra Luna Classic (LUNC)! According to the Analyst, Formation is OK!

An analyst made a bullish statement on LUNC.

The analyst underlined the bullish formation formed in LUNC.

The rise in LUNC price continues.

Market impact: Positive

The increase in the price of Terra Luna Classic (LUNC) continues at full speed. With the successive developments and the support provided by Binance, the world's largest crypto exchange, the price has increased by 180% this year, and by 400% since October last year. A cryptocurrency analyst stated that there is still more than 270% upside potential in LUNC due to the emergence of a bullish formation.

Cryptocurrency analyst Javon Marks, in an article he shared on the X platform, stated that the LUNC price is currently continuing its upward movement and the rally has not been completed yet. He also stated that the price of Terra Luna Classic could increase by more than 270% if the bull market continues.

He also noted that LUNC could move to a target of $0.00058046 if the price experiences a notable rise.

This price prediction reflects the appearance of a major bull pennant pattern forming over a long period of time. He also states that a move in the LUNC price towards the $0.0005 level could occur with a breakout in mid-April, coinciding with Bitcoin's halving. Meanwhile, the next major resistance level for LUNC is calculated at 0.0002. LUNC price attracted all the attention by reaching the $ 0.000255 level in early March, and it is thought that it could advance to new targets in the middle of the bull market.