Terra Classic

Bitcoin

Terra

<img width="1200" height="681" src="https://cdn.coingape.com/wp-content/uploads/2023/12/11011808/RH0l4yGp-e1702237709279.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 broader market sentiment has hit uncertainty as the leading cryptocurrency Bitcoin shows supply around the $44500 mark. As a result, several altcoins witnessed a minor pullback, including the LUNC price which retraced from a major the $0.000028. While this retracement is deep as combined support of $0.000018 and Fibonacci retracement level indicate the buyers can counter attack with a stronger force/ 
Also Read: <a href="https://coingape.com/terra-luna-classic-v2-3-2-upgrade-lunc-price-rally/">Terra Luna Classic Successfully Undergoes v2.3.2 Upgrade, Will LUNC Price Rally?</a> 
<h2 id="b-should-you-enter-at-0-00012-dip-b">Should You Enter at $0.00012 Dip?</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 $4.4 Million, indicating a 41% loss.</li> 
</ul> 
<figure style="width: 100%" class="wp-caption alignnone">
 <img decoding="async" src="https://s3.tradingview.com/snapshots/r/RH0l4yGp.png" alt="Terra Classic Price Prediction" width="1946" height="1104">
 <figcaption class="wp-caption-text">
 Terra Classic Price Prediction | TradingView Chart
 </figcaption>
</figure> 
On December 4th, the <a href="https://coingape.com/price/terra-luna-classic/">Terra classic coin price</a> witnessed a sharp reversal from the $0.000028 peak, entering a correction mode as a broader market stalled bullish rallies. This pullback has recorded a 36.6% loss within a week, to find support around $0.0001776. 
Today, the coin price had a significant inflow of 18% to bounce back to $0.000021. If this resulting bullish engulfing closes above yesterday’s high of $0.0002098, the buyers could get a strong confirmation to reclaim the lost ground. 
<blockquote>
 Anyhow, this recent correction plunged to the 38.2% Fibonacci retracement level which is a healthy correction allowing buyers to revive the exhausted bullish momentum for higher growth.
</blockquote> 
Thus, the bullish reversal could surge the prices by 33% to rechallenge the $0.00028 swing.&nbsp; A potential breakout above this barrier would give better confirmation of uptrend continuation, setting the next target at $0.000378. 
<h2 id="strong-has-recovery-started-strong">Has Recovery Started?</h2> 
Concerning ongoing correction, the recent reversal has managed to recover to 38.2% FIB level at $0.00021. However, the aforementioned level and 50% retracement level will act as a strong resistance that can assist buyers in prolonging the downtrend. Thus, a breakout above 50% would give a better signal to resume recovery. 
<ul> 
 <li style="font-weight: 400;" aria-level="1">Average Directional Index: The daily ADX slope is above 60%, and the recovery sentiment is initiative.</li> 
 <li style="font-weight: 400;" aria-level="1">Exponential Moving Average: The rising 20-day <a href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/">EMA</a> slope could offer some early support in potential correction.</li> 
</ul> 
The post <a rel="nofollow" href="https://coingape.com/markets/terra-classic-price-prediction-can-0-000018-fuel-a-revival/">Terra Classic Price Prediction As Downfall Halts $0.00018, Will Uptrend Continue?</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.

Terra Classic Price Prediction As Downfall Halts $0.00018, Will Uptrend Continue?

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