The price is currently trading above $22 and may soon reach $25, which may form a strong base to reach the crucial resistance at $30.
Beyond these levels, the price may trigger a healthy upswing to higher levels that may pave the way to entering the top 10 crypto rankings.#AVAX #FTM+2.99% #lunc30% $BTC $LUNC $AVAX

Terra Classic Price Prediction As Bull Run Erupts, Can LUNC Crack $0.00016?

Lunc Price on the Threshold of 30% Move
The rise to $0.0001374 can be attributed to a commendable breakout from a recently formed inverse head and shoulders pattern. This bullish pattern often forms toward the end of a correction, signaling a potential trend change.

Trading patterns can be extremely challenging for new traders but also experienced investors. Therefore knowing when to enter a long or short position is the secret to staying profitable. Technical indicators often come in handy to help guide trading decisions.

The importance of an inverse head and shoulders starts to materialize after the asset breaks above the neckline resistance. In Terra case, this hurdle lies at $0.000129.

Long positions will be entered above the neckline, anticipating a breakout equal to the height of the pattern — 30% for LUNC as shown on the chart. Increasing trading volumes help to sustain the breakout, due to resistance at the 200 Exponential Moving Average (EMA) (in purple) at $0.0001374.

(LUNC) bulls received a boost on January 8 when the Moving Average Convergence Divergence (MACD) indicator flashed a buy signal. This technical cue reinforces the positive sentiment surrounding the token. Adding to the bullish case, a potential moving average crossover on the four-hour chart could further fuel optimism. As of now, the blue 20 EMA line is approaching a close above the red 50 EMA, painting a promising picture for LUNC in the coming days.

Despite the retracement from the weekly high, opportunities in LUNC are in plenty. For this reason, traders should be alert for a potential rebound from the neckline. This would serve as confirmation for the uptrend and an eventual breakout first to $0.00016 (triangle target) and above $0.0002 over the coming weeks.

Altcoins including Terra rallied the most backed by the hype that followed the approval of spot Bitcoin exchange-traded funds (ETFs) for the first time in the US. While Bitcoin also rose touching $49,000

#LUNC.USDT #lunc30% #BTC #etf #tia

Terra Classic ($LUNC ) Price Climbs 30%, Surpassing $1 Billion in MarketCap

📢The next SHIBA awaits you!

In the recent two weeks, Terra Classic (LUNC) has notably outperformed the broader market, recording impressive gains. This surge in momentum was further fueled when its sister token, the Stablecoin USTC, showed a massive rally in its attempt to regain the $1 benchmark. Today, the LUNC price value soared by 30%, surpassing the critical resistance level of $0.00017, signaling potential for further growth.

Will Terra Classic Price Surpass $0.0002?The $0.00017 breakout could trigger a quick 10% rallyThe 20-day EMA would offer strong pullback support to buyersThe intraday trading volume in the LUNC coin is $551 Million, indicating a 45% gain.

From the fourth week of November, the Terra Classic price embarked on a robust recovery trajectory, escalating from $0.000692 to a recent peak of $0.000196. This impressive 185% growth was accompanied by a significant increase in trading volume, enabling the coin to surpass several key resistance levels at $0.000115, $0.00015, and most recently $0.00018. 

Concurrently, the Terra Classic coin reclaimed a market capitalization of $1 billion, a milestone that could bolster investor confidence in the asset. Should the coin maintain its stance above the newly conquered $0.00018 level, there’s potential for a further 10% increase to the next resistance points of $0.00021 and $0.00028. 

However, sustaining such rapid growth requires fundamental development or favorable news; in the absence of this, investors should be cautious of potential pullbacks. In such scenarios, the 50% Fibonacci Retracement level may serve as a prudent correction point to maintain a bullish perspective.
#TerraLunaClassic #LUNCPricePrediction #lunc30% #terraluna #Terra.Classic
$LUNC