Guys, Crypto market is bearish now but if you can see wisely this is a good opportunity for those who want to get a good return on their investment.
I am sharing useful information regarding Crypto coins so you can decide which coin you should buy.
Terra Classic Price Aims $0.0001 Breakout as USTC, $LUNC Tokens Gain New Utility
Terra Classic price shows signs of a bullish reversal, breaking out of a descending channel. With increasing trading volume and new utility for USTC, LUNC may see significant gains, potentially rising to $0.00012.
The Terra Classic price shows sustainability above $0.00008 support as its USTC stablecoin gained new utility on the Cosmos blockchain, serving as collateral for Membrane’s CDT token. On Wednesday, the LTC price jumped 3.8% to $0.000087, while the market cap surged to $477.2 Million. An analysis of the 4-hour chart indicates that this altcoin’s ongoing consolidation could lead to a bullish continuation pattern, potentially setting the stage for a higher rally.
Terra Classic is trending below the 200-day but above the 50-day exponential moving average (EMA). The former provides some resistance at $0.000098, while the latter offers immediate support at $0.0000833. A strong support level exists around $0.00007000 that may sustain the price up.
The LUNC Relative Strength Index (RSI) is at 54, which is neutral but leaning towards the bullish side. A value above 50 typically indicates buying pressure. Similarly, the CMF (Chaikin Money Flow) is at 0.13, indicating that money is flowing into the asset, which supports the Terra Classic price bullish outlook.
LUNC’s trading volume is up 30.30% per CoinGecko, coinciding with the breakout from the descending channel. This suggests strong buying interest, further supporting a bullish reversal.