LUNC/USD Rebounds toward $0.000090 Resistance

Blockchain

On Jul 22, 2023

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The Terra Classic (LUNC) price prediction moves toward the positive side as the bulls defend the support at $0.000087

Terra Classic Prediction Statistics Data:

LUNC price now – $0.000088
LUNC market cap – $512.7 million
LUNC circulating supply – 5.81 trillion
LUNC total supply – 6.84 trillion
LUNC Coinmarketcap ranking – #79

LUNC/USD Long-term Trend: Ranging (1D Chart)

Key Levels:

Resistance levels: $0.000110, $0.000120, $0.000130

Support levels: $0.000071, $0.000061, $0.000051

LUNCUSD – Daily Chart

LUNC/USD is undergoing a much-needed break to the positive side as the coin trades within the 9-day and 21-day moving averages. The Terra Classic is posting gains of over 0.24% at the time of writing, trading above the 21-day moving average at $0.000088.

Terra Classic Price Prediction: LUNC Price Could Spike to the Upside

The Terra Classic price resumes back in the middle of consolidation as the coin moves to cross above the 9-day moving average. The price is now roaming around the $0.000088 level. Meanwhile, if the market continues the upward movement, the $0.000090 resistance level is likely to surface in the next few positive moves. Moreover, LUNC/USD pair might further look for higher price levels if the bulls continue to show commitment.

However, the market is currently displaying a sign of subduing volatility with choppy price action. On the other hand, if LUNC/USD crosses below the 21-day moving average and heads toward the lower boundary of the channel, the price may likely roll back to the previous supports at $0.000071, $0.000061, and $0.000051. But as the Relative Strength Index (14) moves above the 50-level, the next resistance levels could be located at $0.000110, $0.000120, and $0.000130 respectively.

Against Bitcoin, LUNC price is ranging, the coin recently trades above the 9-day and 21-day moving averages and it could rise toward the nearest resistance level of 320 SAT. Meanwhile, heading toward the upper boundary of the channel may hit the resistance level at 370 SAT and above.

On the contrary, any bearish movement by the bears may find the support level at 230 SAT and below. Meanwhile, the technical indicator Relative Strength Index (14) remains above the 70-level.

Terra Classic Alternatives

The Terra Classic price is heading to the upside as the coin crosses above the upper boundary of the channel. However, if the market continues the upward movement, the $0.000090 resistance level is likely to surface. Nevertheless, LUNC/USD may further look for higher price levels if the bulls continue to show commitment.

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Wall Street Memes – Next Big Crypto