Terra Classic

Bitcoin

Terra

<img width="1200" height="681" src="https://cdn.coingape.com/wp-content/uploads/2023/12/09172355/FiN8kyk7-1-e1702122856840.png" class="attachment-full size-full wp-post-image" alt="LUNC price" decoding="async" style="float:right; margin:0 0 10px 10px;">
Terra Classic Price Prediction: The recent stall in the Bitcoin price recovery around the $44,500 mark has introduced a phase of uncertainty and correction within the broader cryptocurrency market. Consequently, Terra Classic (LUNC) experienced a <a href="https://coingape.com/markets/is-terra-classic-lunc-price-in-danger-of-collapsing-to-0-0001/">significant retracement</a>, dropping to around $0.0002 psychological level. Despite this sharp decline, the correction remains within the parameters of the Fibonacci retracement levels, suggesting that the overarching recovery trend may still be viable. 
Also Read: <a href="https://coingape.com/terra-luna-classic-v2-3-2-upgrade-lunc-price-rally/">Terra Luna Classic L1TF Successfully Completed v2.3.2 Upgrade, Will LUNC Price Rally?</a> 
<h2 id="b-will-lunc-price-rebound-from-0-0002-support-b">Will LUNC Price Rebound from $0.0002 Support?&nbsp;</h2> 
<ul> 
 <li style="font-weight: 400;" aria-level="1">The combined support of $0.0002 and 38.2% FIB offers strong support to buyers.</li> 
 <li style="font-weight: 400;" aria-level="1">A healthy retracement in LUNC price significant in the long term remains intact.</li> 
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in the LUNC coin is $575 Million, indicating a 41% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/f/FiN8kyk7.png" alt="Terra Classic Price Prediction" width="1946" height="1104">
 <figcaption class="wp-caption-text">
 Terra Classic Price Prediction | TradingView Chart
 </figcaption>
</figure> 
In the past five days, the <a href="https://coingape.com/price/terra-luna-classic/">Terra Classic price</a> has undergone a correction phase, leading to a 28% drop in its value from $0.000028 to $0.0002. This downturn has found support at the 38.2% Fibonacci retracement level, a position often deemed healthy for sustaining a long-term rally.&nbsp; 
<blockquote>
 If the LUNC price manages to remain above this threshold, a potential reversal could propel the price back to the $0.28 swing high, with a breakout above this level providing stronger confirmation of an uptrend.&nbsp;
</blockquote> 
Conversely, if the downward trend persists, the next significant support could be at the 50% Fibonacci level, around $0.000167. A breach below this level might indicate diminishing bullish momentum and raise concerns about the sustainability of the recovery trend. 
<h2 id="b-lunc-vs-btc-performance-b">LUNC vs BTC Performance</h2> 
<figure id="attachment_168512" aria-describedby="caption-attachment-168512" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="wp-image-168512 size-full" src="https://cdn.coingape.com/wp-content/uploads/2023/12/09172144/image_2023-12-09_17-15-38-e1702122751531.png" alt="BTC VS LUNC" width="1200" height="675">
 <figcaption id="caption-attachment-168512" class="wp-caption-text">
 Source: Coingape| Terra Classic Vs Bitcoin Price
 </figcaption>
</figure> 
Comparing the Terra Classic with Bitcoin over the last two months, the LUNC price has exhibited a more volatile pattern, characterized by aggressive surges, while the <a href="https://coingape.com/price/bitcoin/">Bitcoin price</a> movement has been relatively stable and gradual, aligning more with the preferences of risk-averse traders. The LUNC price dynamic behavior offers opportunities for traders to capitalize on dips amidst its strong recovery trend. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Average Directional Index: The daily ADX slope at a high of 55%, accentuates the exhausted position and need for a minor pullback.&nbsp;</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: the 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> is providing solid support to the LUNC price during the market pullback.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/terra-classic-price-prediction-should-buy-lunc-at-0-0002/">Terra Classic Price Prediction: Should You Buy $LUNC at $0.0002 Dip?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Terra Classic Price Prediction: Should You Buy $LUNC at $0.0002 Dip?

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