🌖 Terra Luna Classic Analysis

The LUNC price rose and peaked at $0.0001791 as Bitcoin and most other altcoins rallied. However, it then lost momentum and dropped 40% to its current $0.0001080. The token also moved below the important support level at $0.0001311, its highest swing on May 30th.

On the positive side, the coin formed a hammer pattern on December 20, a popular reversal sign. This pattern consists of a long lower shadow and a body. Another positive is that it has remained above the 200-day moving average and above the ascending trendline connecting the lowest levels since August.