Terra Luna Classic Price Forecast As LUNC Jumps 12% In 7 Days – Is The Sale Over?
Terra Classic, commonly known as LUNC, is currently trading at an impressive $0.000065. In the last 24 hours, this cryptocurrency has seen a slight decrease of 0.25%, but it has increased by more than 12% in the last 7 days.
According to CoinMarketCap, Terra Classic secured its spot at #94, boasting a massive market capitalization of nearly $375 million. In terms of supply metrics, the market is staggering at around 5.7 trillion LUNC coins in circulation.
But details regarding its maximum offering are shrouded in mystery. Witnessing a 12 percent gain last week, LUNC's performance has reignited the long-standing debate: Is the selloff really behind us?
Here's our look at Terra Luna Classic's price prediction and volatility in play.
Terra Luna Classic Price Forecast
Analyzing the daily chart reveals key price levels that traders and investors should keep a close eye on. Terra Classic's pivot point is safely set at $0.00006721.
In particular, this is not just a random look; It is a 50% Fibonacci retracement level and also corresponds to a triple over pattern, an important technical indicator.
On the upside, the cryptocurrency will encounter its first resistance at $0.00007033, which is similar to the 61.8% Fibonacci level. Beyond that, traders should keep an eye on the resistance level set at $0.00007464.
On the upside, if Terra Classic faces bearish pressures, its immediate support is established at $0.00006423, which represents the 38.2% Fibonacci retracement level.
Deep supports can be identified at $0.00006059 and then at $0.00005449.
Moving on to other technical indicators, the Relative Strength Index (RSI) stands at 64.
For those who don't know, an RSI reading above 70 usually indicates an overbought situation, while anything below 30 indicates potential oversold.
Given that the Terra Classic's RSI sits comfortably at 64, it leans towards an aggressive sentiment.
Summary
In conclusion, as long as the price stays above the $0.00006059 mark, the overall trend for Terra Classic looks bullish. Conversely, slipping below this level can invite depressive tendencies.
Given the current market volatility and technical indicators, Terra Classic may test the $0.00007033 resistance level in the coming days.
As always, it is imperative that traders and investors stay informed and move wisely in this ever-changing crypto landscape.
Bitcoin Minetrix (BTCMTX): Last chance alert
Enter Bitcoin Minetrix territory with its unique Mine-to-Stake-to-Me approach. Presale bids surpassed an impressive $2.6 million, underscoring its growing popularity.
As the clock ticks down, the expected price hike is just 3 days and 14 hours away. Don't miss out on this unique opportunity.
Get informed: Connect with the rapidly expanding Bitcoin Minetrix community on forums like X, Discord and Telegram for real-time news.
Consolidate your position in this revolutionary venture by participating in the BTCMTX Presale now.
Buy BTCMTX here
Meme Kombat Presale Slices Through $850K
Jump into Mime Combat, an avant-garde project that combines classic gaming, meme culture and GambleFi's decentralized web3 environment.
At the heart of Meme Kombat is an engaging platform where avatars representing unique crypto clans battle it out.
Fans can place bets on these animated face-offs, predict the outcome and possibly win big prizes. 
The current collection of USDT is approaching its goal of $1,000,000, with a total of $851K. Each MK token is available for $0.1667. Seize the moment.
With just 3 days and 21 hours until the expected price increase, now is the prime time to get involved.
Buy Meme Kombat here
Disclaimer: Crypto is a high risk asset class. This article is provided for informational purposes and does not constitute investment advice. You can lose all your capital.
