Terra Classic

<ul><li>LUNC’s recent surge reverses by 26.6%, prompting speculation on the opportunity in this dip.</li><li>Market correction highlights pivotal support levels, a potential long-term recovery with a bullish EMA crossover.</li><li>Despite the recent dip, the token has shown robust growth, retracing to $0.000208 from November&#39;s $0.0000685.</li></ul>Terra Classic&#39;s recent bullish surge has encountered a notable reversal, sliding 26.6% from its recent high of $0.00028 to the current trading price of $0.000206. With the broader market sentiment still leaning towards bullish, the community views this dip as a retracement rather than a mere market correction as it offers an opportunity for entry.As Terra Classic grapples with a correction, key levels come into focus for traders. The bullish crossover between the 100-and-200-day Exponential Moving Averages (EMA) could potentially fortify the long-term recovery sentiment. Meanwhile, the falling LUNC price faces pivotal support at $0.000195 and $0.000167, with intraday trading volume standing at $575 Million, reflecting a 41% loss.While the recent dip might cause concern, it&#39;s essential to consider the coin&#39;s robust performance over the past weeks. From late November&#39;s value of $0.0000685, Terra Classic skyrocketed to a 13-month high of $0.00028, marking an impressive 305% growth. The subsequent retreat to $0.000208, aligning with the 38.2% Fibonacci Retracement Level, appears to be a customary correction following a substantial rally.As vigilance is the key for LUNC holders, monitoring the $0.000195 and $0.000167 support levels, corresponding to the 38.2% and 50% Fibonacci retracement levels, respectively, is crucial. A bounce back and continuation of the recovery trend could be signaled if these supports hold.Read full article at C<a href="https://cryptotale.org/terra-classic-coin-faces-correction-amid-ongoing-bullish-market/" rel="noopener noreferrer nofollow">ryptoTale.</a>

Terra Classic Coin Faces Correction Amid Ongoing Bullish Market

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