Burn

Terra Classic

Bitcoin

Terra

Billion

Terra Classic Price: <a href="https://coingape.com/markets/3-reasons-why-terra-classic-lunc-price-could-explode-to-1-in-2024/" rel="noopener noreferrer nofollow">Terra Classic (LUNC)</a> correction trend found solid support at the $0.00009 level, aligning with an uptick in demand pressure observed across the broader market. Amid a relief rally among altcoins, LUNC successfully formed a bullish double-bottom pattern at this support and surpassed the $0.0001 threshold on January 3rd.&nbsp;
Despite this upward movement, the difficulty buyers face in maintaining the price above this critical level suggests the potential for a false breakdown and an extended correction phase.
<h2 id="b-will-lunc-price-sustain-above-0-0001-b">Will LUNC Price Sustain Above $0.0001?</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">The LUNC price breakout from the downsloping trendline sparks a new opportunity to initiate a recovery trend.</li>
 <li style="font-weight: 400;" aria-level="1">The flipped support of $0.0001 must validate the altcoin’s suitability for the higher rally.</li>
 <li style="font-weight: 400;" aria-level="1">The intraday trading volume in the LUNC coin is $30 Million, indicating a 998% gain.</li>
</ul>
<figure style="width: 100%" class="wp-caption alignnone"><img decoding="async" src="https://s3.tradingview.com/snapshots/x/xGiY2Sy4.png" alt="Terra Classic Price Prediction" width="1946" height="873">
 <figcaption class="wp-caption-text">
 Terra Classic Price Prediction| TradingView Chart
 </figcaption>
</figure>
The <a href="https://coingape.com/price/terra-luna-classic/" rel="noopener noreferrer nofollow">Terra Classic price</a> has shown limited movement over the last two weeks, fluctuating within a tight range between $0.000103 and $0.000092. Leveraging the support at the lower end of this range, the cryptocurrency formed a bullish double-bottom pattern, signaling a surge in buyer interest.&nbsp;
<blockquote>
 This pattern, combined with the recent burning of 5.57 billion LUNC by <a href="https://coingape.com/binance-burns-5-57-billion-terra-luna-classic-lunc-and-ustc-prices-rise-over-7/" rel="noopener noreferrer nofollow">Binance</a>, one of the largest crypto exchanges, helped push the price above the key resistance level of $0.000103 on January 3rd. This breakout indicates a potential for buyers to take control and continue the recovery trend that was previously in place.
</blockquote>
Following this breakout, the <a href="https://coingape.com/terra-luna-classic-lunc-delisting-delayed-by-crypto-com/" rel="noopener noreferrer nofollow">LUNC</a> price saw an almost 1000% volume spike, highlighting the market’s enthusiasm for this upward movement. Should the price remain above $0.0001, the buyers could aim for higher targets of $0.0001378, followed by $0.000173.&nbsp;
<figure id="attachment_178465" aria-describedby="caption-attachment-178465" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="wp-image-178465 size-full" src="https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56.png" alt="LUNC Volume" width="1685" height="386" srcset="https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56.png 1685w, https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56-300x69.png 300w, https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56-1224x280.png 1224w, https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56-768x176.png 768w, https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56-1536x352.png 1536w, https://coingape.com/wp-content/uploads/2024/02/image_2024-02-04_18-34-56-150x34.png 150w" sizes="(max-width: 1685px) 100vw, 1685px">
 <figcaption id="caption-attachment-178465" class="wp-caption-text">
 LUNC Volume| Coinglass
 </figcaption>
</figure>
However, the price experienced a 9.5% drop within a single day, indicating challenges in maintaining its position above the crucial $0.0001 mark. A close below this level, particularly under the neckline support, would negate the bullish outlook and could lead to a decline towards $0.000068.
<h2 id="b-technical-indicator-b">Technical Indicator</h2>
<ul>
 <li style="font-weight: 400;" aria-level="1">Bollinger Band: An upswing in the lower boundary of the <a href="https://coingape.com/education/bollinger-band/" rel="noopener noreferrer nofollow">Bollinger Band</a> indicator offers additional support to the LUNC price</li>
 <li style="font-weight: 400;" aria-level="1">Average Direction Index: A downtick in the ADX slope at 28% indicates the weakening bearish momentum in the market.</li>
</ul>
<h3 id="related-articles">Related Articles:</h3>
<ul>
 <li><a href="https://coingape.com/terra-luna-classic-lunc-burn-nears-100-billion-as-binance-incinerate-2-1-mln-tokens/" rel="noopener noreferrer nofollow">Terra Luna Classic (LUNC) Burn Nears 100 Billion As Binance Incinerate 2.1 Bln Tokens</a></li>
 <li><a href="https://coingape.com/bitcoin-to-likely-perform-well-in-2024-as-market-turns-bullish-report/" rel="noopener noreferrer nofollow">Bitcoin to Likely Perform Well in 2024 as Market Turns Bullish: Report</a></li>
 <li><a href="https://coingape.com/markets/crypto-market-prediction-eth-doge-sui-price-february-4/" rel="noopener noreferrer nofollow">Crypto Market Prediction: ETH, DOGE, SUI Price Analysis for February 4</a></li>
</ul>
The post <a href="https://coingape.com/markets/terra-classic-lunc-price-0-00015-as-volume-surge-1000/" rel="noopener noreferrer nofollow">Terra Classic (LUNC) Price Targets $0.00015 as Trading Volume Surges by 1000%</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

Terra Classic (LUNC) Price Targets $0.00015 as Trading Volume Surges by 1000%

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