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.

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$LUNC