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The post <a href="https://coinpedia.org/price-analysis/lunc-price-drops-big-can-terra-bulls-revive-the-terra-classic-token/" rel="noopener noreferrer nofollow">LUNC Price Drops Big! Can Terra Bulls Revive The Terra Classic Token?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a>
The Terra tokens continue to display a neutral trend for over two weeks, indicating a disinterest of the investors in it. Further, the LUNC price has recorded a loss of 9%, resulting in it breaking down its crucial support level.
The <a href="https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/" rel="noopener noreferrer nofollow">Terra LUNC price</a> traded in a closed range between $0.0001561 and $0.0001683 for about a week, following which the market lost momentum and the price recorded a correction of over 13% in valuation.
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/7hz9Q4EFUnAVJhkUOg0YAdHjmNsCHfozEo6XwUNZJSdqrzQY-EtvgsZYXx6O7r-lce8ORdHtQ__CWbq_ZxMZwIXfRPz4jKr2CcdQsym9yM7n1N0EcIAgtvv1yj2hSQ2aakXLFMbld_w5eAQaB3ZSWeU" alt="LUNC Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LUNC/USDT
 </figcaption>
</figure>
Following this, the price displayed a neutral trend and traded between $0.0001327 and $0.0001457 for a while. As the market volatility increased, the LUNC token displayed significant fluctuation in the chart.
After testing its support level of $0.0001177, the bulls regained momentum and jumped over 23%, following which the price faced rejection at $0.0001457.
Since then, the price has been constantly trading in a consolidated range between $0.0001177 and $0.0001327, indicating a weak price action for the coin. Recently, the price has experienced a breakdown, highlighting a rise in the bear power in the crypto space.
<h2 class="wp-block-heading" id="h-will-lunc-price-regain-value">Will LUNC Price Regain Value?</h2>
The MACD displays a rising red histogram, indicating an increased selling pressure in the crypto space. Further, the averages show a constant decline, suggesting the price will continue losing value in the coming days.
If the bulls push the price above the resistance level of $0.0001177, the LUNC price will regain momentum and test its upper resistance level of $0.0001327. Maintaining the price at that level will set the stage for Terra Classic price to attempt to test its resistance level of $0.0001457 in the coming time.
Conversely, if the bears overpowered the bulls, the Terra token would lose momentum and fall to test its support level of $0.0000997. Moreover, if the bears continue to dominate the market, it will plunge and prepare to test its lower support level of $0.00009 over the next week.

LUNC Price Drops Big! Can Terra Bulls Revive The Terra Classic Token?

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