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The post <a href="https://coinpedia.org/price-analysis/terra-lunc-price-drops-big-can-lunc-burn-revive-terra-classic/">Terra LUNC Price Drops Big! Can LUNC Burn Revive Terra Classic?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
The Terra tokens have displayed a notable run during the past 30 days as the LUNC price has gained over 210% during this time and has reached a top of $0.00028052. 
Since then, the price has been trading under a strong bearish influence and has shed over 25% in value, raising concerns over the future price action of this altcoin. 
The <a href="https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/">Terra Classic price</a> traded in a narrow space between $0.00006190 and $0.00006931 for over a week, following which the bulls gained momentum and the price broke out. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/-gFc-ed-RMFhHcQO1_qNHjCraNh7bz-iTJiwZ9sY6ZKONx_f0nlEZmh82RnczayCQC8t5kd9CJFXJEyGptOUQ7_g-e3h8nPQk2rJm2PoZVrNvQLir0XjbzfWjU9JTSyPCfIcEx5QdF88lEitNPiO9wk" alt="LUNC Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LUNC/USDT
 </figcaption>
</figure> 
The LUNC price faced rejection at $0.00009234, after which it traded sideways for over two weeks. As the market regains momentum, Terra LUNC price successfully breaks out of its resistance level at $0.00009234 and records a jump of 85% in value before facing rejection at $0.00012855. 
The price then traded in a consolidated range between $0.00009234 and $0.00012855 for a week. The Terra bulls then displayed another jump of 119% in value and recorded a high of $0.00028052 for the first time since September 2022. 
The bulls failed to hold the price at that level, resulting in the LUNC price trading under a bearish influence since. 
<h2 class="wp-block-heading" id="h-will-the-lunc-price-ever-rise-again">Will The LUNC Price Ever Rise Again?</h2> 
The Relative Strength Index (RSI) displays a constant decline, indicating an increasing selling pressure for the coin. Further, the averages show a sharp decrease, suggesting the price will continue losing momentum in the coming time. 
If the bulls hold the price above the support level of $0.000250, the price will regain momentum and prepare to test its resistance level of $0.0002403 soon. Further, if the market holds the price at that level, it will make a run and test its upper resistance level of $0.0002600. 
Conversely, if the bears continue to gain power, the LUNC price will fall to test its support level of $0.0001835 soon. Moreover, if the bears continue to dominate the market, Terra Classic will plunge further and test its lower support level of $0.0001457 in the coming time.

Terra LUNC Price Drops Big! Can LUNC Burn Revive Terra Classic?

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