Convergence

Terra Classic

Terra

Divergence

The post <a href="https://coinpedia.org/price-analysis/lunc-price-achieves-0-000145-will-terra-classic-price-hit-0-00016-soon/" rel="noopener noreferrer nofollow">LUNC Price Achieves $0.000145! Will Terra Classic Price Hit $0.00016 Soon?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Terra Classic (LUNC) price has displayed massive price action during the past month as the token has gained over 22% within the past day and has added approximately 130% during the past month.&nbsp;
The <a href="https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/" rel="noopener noreferrer nofollow">Terra LUNC price</a> traded in a narrow space between $0.00006190 and $0.00006698 for a brief period, following which the coin gained momentum and the price broke out of the range. The LUNC price recorded a jump of 34% in value before being rejected at $0.00009002.
Following this, the price lost momentum and the coin started trading under a bearish influence. For a brief period, the coin was seen trading sideways, indicating a weak buying and selling pressure.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/jeIB4_x42mGHmKp0I2q1sN5R89t4wpugn0kaGpIvnKO6uS_hvtk5Wn9HAm5OQO_UkrfyY2sLKX-pPLHVy_qvgsxlgjXjEWNmopCb1_vh707VTjvvAX67JVbhjHrNqQCdZ3v641l_L-rJWLLTn9SzsQU" alt="">
 <figcaption class="wp-element-caption">
 TradingView: LUNC/USDT
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The bulls regained momentum, and the price jumped a notable 48% in value within three days. The coin then faced rejection at $0.00011778, following which it displayed significant price volatility.
After multiple failed attempts to break down its crucial support level at $0.00009002, the price regained momentum and displayed another jump of 50%. The price was then seen trading over its support/resistance level of $0.00011778 for a while.
Recently, the price recorded another jump of 23%, suggesting a strong bullish influence in the market.
The Moving Average Convergence Divergence (MACD) displays a sharp rise in its histogram, indicating a trend reversal in the market. Further, the averages show a bullish convergence, suggesting the price to continue gaining value in the coming time.
<h2 class="wp-block-heading" id="h-will-terra-classic-hit-0-0002-soon">Will Terra Classic Hit $0.0002 Soon?</h2>
If the bulls push the price above the resistance level of $0.000145, the LUNC price will regain momentum and prepare to test its upper resistance level of $0.000155 soon.
Further, if the bulls hold the price at that level, it will set the stage for Terra Classic to attempt to test its upper level of $0.000160 in the coming week.
Conversely, if the bears overpower the bulls, the price will lose momentum and fall to test its support level of $0.00012855 soon. Moreover, if the bears continue to dominate the market, it will plunge further and test its lower support level of $0.00011778.

LUNC Price Achieves $0.000145! Will Terra Classic Price Hit $0.00016 Soon?

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