Convergence

Rally

Terra Classic

Terra

Shiba Inu

<p class="p1">Terra Classic is in the green like most altcoins but only with modest gains. After respecting support at $0.00009, bulls took the reins from the sellers, who have dominated since&nbsp;<a href="https://coingape.com/markets/terra-classic-lunc-price-prediction-is-0-0002-achievable-by-end-of-february-amid-market-fluctuations/" rel="noopener noreferrer nofollow"><span class="s1">the LUNC price</span></a>&nbsp;hit a Q4 milestone, topping out at $0.00028 in December.</p>
<h2 class="p1" id="is-lunc-price-going-to-0-0002-in-february">Is LUNC Price Going To $0.0002 In February?</h2>
<p class="p1">Terra Classic traded at $0.00011 on Friday, maintaining a 2% growth in the last 24 hours. The technical picture on the four-hour chart shows LUNC oscillating between two key levels; the 20-day Exponential Moving Average (EMA) resistance at $0.00011 and the 20-day EMA support at $0.000108.</p>
<p class="p1">If the Moving Average Convergence Divergence (MACD) indicator flashes a buy signal in the coming sessions, new buy orders would build the momentum to trigger a rally targeting the next key resistance at $0.00013.</p>
<p class="p1">This buy signal will manifest as the MACD line in blue crosses above the signal line. Green histograms above the neutral area will affirm the breakout.</p>
<figure id="attachment_179523" aria-describedby="caption-attachment-179523" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-179523" src="https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25.png" alt="LUNC price chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25.png 2710w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-40-25-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-179523" class="wp-caption-text">
  LUNC price chart | Tradingview
 </figcaption>
</figure>
<p class="p1">Unlike many altcoins that broke out on Thursday and Friday as&nbsp;<a href="https://coingape.com/markets/bitcoin-price-what-the-mvrv-tells-us-about-btc-price-trend-above-47000/" rel="noopener noreferrer nofollow"><span class="s1">Bitcoin</span></a>&nbsp;ascended above $47,000, Terra Classic is in consolidation, undergoing a squeeze before the ultimate break out to $0.0002.</p>
<p class="p1">The 20 EMA and the 50-day EMA (the blue and red lines on the chart) reinforce the gradually forming uptrend as they move higher in tandem with the LUNC price.</p>
<h3 class="p1" id="key-levels-to-watch">Key Levels To Watch:</h3>
<ul>
 <li class="p1">200-day EMA – An immediate resistance level at $0.00011</li>
 <li class="p1">20-day EMA – Short-term support at $0.000108</li>
 <li class="p1">MACD – Likely to flash a buy signal</li>
 <li class="p1">Resistance: $0.000115, $0.00013</li>
 <li class="p1">Support: $0.0001, $0.00009</li>
</ul>
<p class="p1">The technical structure on the daily chart confirms that LUNC price has exhausted the downtrend and is in the early stages of a larger breakout.</p>
<p class="p1">Here both the 20 EMA and the 200-day EMA work together to keep&nbsp;<a href="https://coingape.com/terra-classic-endorses-genuine-labs-proposal-why-lunc-price-soared-20/" rel="noopener noreferrer nofollow"><span class="s1">Terra Classic</span></a>&nbsp;buoyant, with a confluence support secured at $0.000108.</p>
<figure id="attachment_179524" aria-describedby="caption-attachment-179524" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-179524" src="https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02.png" alt="Terra Classic price chart " width="2710" height="1454" srcset="https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02.png 2710w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-1224x657.png 1224w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-1536x824.png 1536w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-2048x1099.png 2048w, https://coingape.com/wp-content/uploads/2024/02/LUNCUSD_2024-02-09_20-54-02-150x80.png 150w" sizes="(max-width: 2710px) 100vw, 2710px">
 <figcaption id="caption-attachment-179524" class="wp-caption-text">
  Terra Classic price chart | Tradingview
 </figcaption>
</figure>
<p class="p1">LUNC is showing a bullish trend, according to the MACD indicator. This means that traders are buying more of this coin and pushing its price higher. The only obstacle for LUNC to break out above $0.00013 is the 50-day EMA resistance at $0.000114. If LUNC can overcome this level, it could soar even higher.</p>
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<p>The post <a href="https://coingape.com/markets/terra-classic-can-lunc-price-keep-climbing-after-clearing-0-0001-hurdle/" rel="noopener noreferrer nofollow">Terra Classic: Can LUNC Price Keep Climbing After Clearing $0.0001 Hurdle?</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.</p>

Terra Classic: Can LUNC Price Keep Climbing After Clearing $0.0001 Hurdle?

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