Search
Search
Terra Luna Classic (LUNC) Price Prediction: A 12% Jump in 7 Days

Terra Luna Classic (LUNC) Price Prediction: A 12% Jump in 7 Days

0
0

581 Listen to this article Terra Classic, colloquially known as LUNC, is currently trading at an impressive $0.000065. In the […]

Latest News

Listen to this article

Terra Classic, colloquially known as LUNC, is currently trading at an impressive $0.000065. In the past 24 hours, this cryptocurrency has witnessed a slight dip of 0.25%, but has surged over 12% in the last 7 days underscoring.

Market Position

According to CoinMarketCap, Terra Classic has secured its position at #94, boasting a substantial market capitalization of approximately $375 million. In terms of supply metrics, the market is awash with nearly 5.7 trillion LUNC coins in circulation. However, details regarding its maximum supply remain shrouded in mystery.

Price Prediction

Analyzing the daily chart reveals pivotal price levels that traders and investors should keep a close watch on. The pivot point for Terra Classic is precariously set at $0.00006721. Notably, this isn’t just a random figure; it’s the 50% Fibonacci retracement level and also corresponds to the triple top pattern, a crucial technical indicator.

Resistance and Support Levels

Moving upwards, the cryptocurrency encounters its first resistance at $0.00007033, synonymous with the 61.8% Fibonacci level. Beyond that, traders should keep an eye on the resistance level set at $0.00007464. On the flip side, if Terra Classic were to face bearish pressures, its immediate support is established at $0.00006423, marking the 38.2% Fibonacci retracement level. Deeper supports can be identified at $0.00006059 and then at $0.00005449.

Read Also:  SEC's Private Meeting, Binance's $4.3B Fine Addressed by New CEO

Conclusion

In conclusion, the overall trend for Terra Classic appears to be bullish as long as the price remains above the critical $0.00006059 mark. Conversely, slipping below this level might invite bearish tendencies. Given the current market dynamics and technical indicators, Terra Classic might test the resistance level of $0.00007033 in the upcoming days. As always, it’s imperative for traders and investors to stay informed and tread wisely in this volatile crypto landscape.

Top Recommended Articles

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

Get Latest Updates

Latest News

Web Stories

Latest News

0
Would love your thoughts, please comment.x
()
x
Scroll to Top
Bitcoin ETFs Surge as Investors Seek Exposure Coinbase, Andreessen Horowitz, and Ripple have joined forces to fund a new crypto DMM Bitcoin Hit by $305M Hack Ripple Releases 1 Billion XRP Tokens What to Expect from Bitcoin’s Price Rally in H2 2024 Trump’s MAGA Coin Soars 7% While Biden Parody Sinks Amid Ex-President’s Trial — NFTs Hold Steady Analyst Warns About Dogecoin Decline CME Denies Solana Futures Plans Amid Growing Rumors Can PEPE flip Polygon? Market cap race heats up! Why Bitcoin Price Is Down Today? Cristiano Ronaldo Launches 4th NFT Collection on Binance Amid $1B Lawsuit Coinbase Alleges SEC Dodging Howey Test in New Appeal Ethereum ETFs Granted Official Approval by SEC Crypto Whale Splurges $10.4 Million on Meme Coin PEPE SOL Price Nearing Support as On-Chain Activity Dips for Solana Penguiana Meme Coin’s Presale Achieves Success, Raising 290 SOL Solana to Bitcoin Bridge, Zeus Network, Set for Debut in Q3 2024 DeFi Lending Leader Aave Unveils V4 Protocol Overhaul MicroStrategy (MSTR) Incurs Losses in Q1 After Digital Asset Impairment Takes Toll Upbit Emerges as Top Five Crypto Exchange, Posing Challenge to Binance, Coinbase