#LUNC✅ price has been consolidating inside an ascending triangle since July 2024. However, it is inching near the apex of the triangle and will soon have to decide.
Ascending triangles are generally bullish continuation structures, and once the price breaks above the upper horizontal resistance, it usually rises by a measure move.
Once the $LUNC
price breaks the $0.000095 resistance, the asset is likely 81% to $0.0001680, with an occasional stop around $0.00012. If the bullish pressure is maintained, the #TerraLunaClassic price could surge higher and test the first high established after the 2022 crash.
Conversely, a break below the lower trendline support would signal market weakness. LUNC price would drop lower and find further support around the $0.000069 and $0.00005435. This would invalidate the current bullish thesis.
Following the non-reactive price after a major LUNC and $USTC
burn, the community is looking for other methods to boost prices besides reducing the supply.