Terra Luna Classic Price Prediction Amid 14% Upsurge In Trading Volume, Targeting $0.0002?

#EarnFreeCrypto2024 #TopCoinsJune2024 #altcoins #BTC #bitcoin Cryptocurrency prices are in the red for the third day in a row while the Terra Luna Classic price prediction reveals a potential uptick in price to $0.0002 if certain conditions are met. LUNC, the token powering the ecosystem is down 2.77% to hover at $0.0001015 during US business hours on Wednesday. According to data by CoinMarketCap, although Terra Classic’s market cap has corrected to $588 million, a modest 14% increase in the 24-hour trading volume cannot be ignored. This surge to $25 million implies that investor interest is growing—and this bullish outlook.The Terra Classic bulls have an uphill battle defending the most critical support at $0.0001. So far, the price has bounced from this level on the daily chart, but with the Relative Strength Index (RSI) falling to 38, the down leg could extend further.

Therefore, traders would be wise to watch out for the price behaviour around $0.0001, as highlighted by the lower ascending trendline. An immediate rebound will prop Terra Classic price for an incoming uptrend while closing the day below the same level could send jitters among investors, paving the way for a price drop to $0.00009, the next support level. Holding below all three key Exponential Moving Averages (EMAs) including the 20-day EMA in blue, the 50-day EMA in red, and the 200-day EMA in purple could worsen the situation for bulls.The four-hour chart validates the bearish thesis highlighting two more death cross patterns. When a short-term MA crosses below a long-term MA, the pattern favors a bearish outcome.

potential rebound from the lower trendline would mark a trend reversal. Nevertheless, LUNC may remain under the influence of the bears until it climbs past the upper broken trendline and most importantly the resistance in red at $0.00012. From here, the move to $0.0002 could happen quickly backed by FOMO and a generally bullish market.