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<h2 id="header-0">A three-month-long resistance trendline was broken by a positive breakout on December 24 for the Terra Classic coin price.</h2><p>This positive breakout from resistance that has been supporting the downtrend may signal a change in market mood from selling on rallies to buying on declines. An upcoming pullback phase will confirm whether this breakout is real.</p><p>Prices jump by 22.5% after breaking below the falling trendline. The bullish thesis will be proven false if the potential retest phase results in a daily candle closing beneath. The LUNC coin's intraday trading volume is $118.5 Million, representing a 137% gain.</p><h3 id="why-is-lunc-price-increasing">Why Is LUNC Price Increasing?</h3><p>In contrast to the continuous ambiguity in the cryptocurrency market, the price of LUNC exhibits a directional rebound, growing by 22.5% during the last five days. The recently formed "Joint L1 Task Force," led by Edward Kim and Tobias "Zaradar" Anderson, is one of the factors supporting this price increase. These <a href="https://www.coingabbar.com/en/crypto-currency/terra-luna-2-luna-prices-usd" rel="noopener noreferrer nofollow">Terra </a>core developers presented their initial proposal for the Layer-1 Terra Classic blockchain project.</p><p>Additionally, the higher burn activity contributed to the rise in LUNC price.</p><h4>Price Analysis of LUNC</h4><p>A falling trendline-influenced continuous decline was visible on the <a href="https://www.coingabbar.com/en/crypto-currency/terra-luna-lunc-prices-usd" rel="noopener noreferrer nofollow">LUNC </a>daily time frame chart. Furthermore, by maintaining an established downturn, this dynamic barrier supported sellers for almost three months.</p><p>However, the LUNC currency displayed a bullish breakout from the dynamic resistance trendline and local resistance of $0.00015 in response to the sharp price increase. Thus, if prices sustain above the breach trendline, this breakout could be a precursor to a price rebound.</p><p>Thus, the subsequent rally may raise prices by 22.5% to approach the $0.000195–$0.0002 barrier after a potential retest phase.</p><p>Having said that, a bull run should be able to reach the $0.00037 barrier if the technical setup is perfect.</p><h4>Technical Indicators</h4><p>Relative strength indicator (RSI): As a result of the prospective price increase, the RSI slope surged above the neutral line and also indicated the market emotion.</p><p>EMAs: Along with $0.00015, the LUNC price broke over the 20-day EMA support, giving buyers of the market an extra advantage.</p>

Terra Classic Price Prediction: Will LUNC Recover To $0.0002?

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