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🌖 Terra Classic (LUNC) Price Bullish Strategy Eyeing $1 Depends On 3 Key Factors

#TerraClassic (LUNC) is currently stable between $0.0001846 and $0.0002, with an 83.5% increase to $0.0001945 despite a recent 2% dip following #Bitcoin‬ 's drop. The community focuses on network improvements, and the short-term price aims to overcome the 20-day EMA resistance.

In a broader context, LUNC fluctuates within a 0.618 Fibonacci support and 0.382 Fibonacci barrier range. The RSI at 51 indicates neutrality, and a breakout from the $0.0001846-$0.0002 range is needed for a clear direction. Traders considering dips may use a dollar-cost average strategy. An RSI bullish crossover and breaking the ascending #trendline with 20-day EMA support could signal short-term bullish momentum.

Despite a correction, $LUNC holds above the 50-day EMA and the 200-day EMA. Efforts to reduce circulating supply and achieve a $1 target continue, supported by a token burn mechanism and ongoing community proposals.#BTC