$LUNC

LUNC at a Crossroads: Decoding the 15% Monthly Surge

Terra Classic (LUNC) is currently sitting between support at $0.00006999 and resistance at $0.00008092. This is important, as LUNC has rallied 15% over the past month. The big question on everyone’s mind is whether this is just a temporary spike or the start of a steady rally.

Ripple (XRP) and Terra Classic (LUNC) Holders Are Exploring Pawfury Before Selling = The Bit Journal

Source: TradingView

Technicals are mixed: The 10-day SMA at $0.000071768 suggests that short-term momentum may be slowing, while the 100-day SMA at $0.00007964 suggests a slightly more bullish long-term outlook. The MACD, an extremely thin -0.0000003, and the RSI at 49.23 are struggling, suggesting that the market is cautiously optimistic, but not ready to go all-in.

If LUNC fails to sustain the current bullish momentum and slides below the key support at $0.00005599, the price could drop further to $0.00008016 or even $0.00004922. Achieving $0.0001 by the end of 2024 would be a huge win under these circumstances. The hesitation in the MACD and RSI reflects this uncertainty.