Based

Terra Classic

Terra

Time

FOMO

<img width="1280" height="776" src="https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1.jpg" class="attachment-full size-full wp-post-image" alt="LUNC Price: Terra Classic’s Squeeze Teases 2024’s Biggest Move, Time To DCA?" decoding="async" style="float:right; margin:0 0 10px 10px;" srcset="https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1.jpg 1280w, https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1-300x182.jpg 300w, https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1-1224x742.jpg 1224w, https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1-768x466.jpg 768w, https://coingape.com/wp-content/uploads/2023/12/Crypto-community-sets-Terra-Classic-LUNC-price-for-March-31-2023-1-150x91.jpg 150w" sizes="(max-width: 1280px) 100vw, 1280px">
Terra Classic sits between two conflicting yet equally strong factions — the bulls south of the demand area around $0.0001847 and the bears north of the supply zone approximately at $0.000201. Up a mere 0.7% in the last 24 hours, LUNC price hovers at $0.0001921. 
A modest 7% increase in the trading volume, emphasizes growing interest among investors. The token boasts $1.1 billion in market cap, ranking #101 among all cryptocurrencies,&nbsp;<a rel="nofollow" href="https://coinmarketcap.com/currencies/terra-luna/">CoinMarketCap</a>&nbsp;data shows. 
<h2 class="p1" id="lunc-price-grinds-closer-to-a-technical-breakout">LUNC Price Grinds Closer To A Technical Breakout</h2> 
After&nbsp;<a href="https://coingape.com/terra-luna-classic-big-v2-4-2-upgrade-passed-lunc-new-futures-listing/">Terra Classic price</a>&nbsp;skyrocketed to $0.0002547 in early March, the trend reversed by 37% to $0.0001518. Although what followed was a dramatic knee-jerk reaction, LUNC did not recover past $0.000225. 
Later the price settled within a crucial range with support at $0.0001847 and 0.0002010. Based on the four-hour chart, the lower range limit represents the 0.5 Fibonacci ratio and the upper range limit is the 0.382 Fibo ratio. 
A narrower scope shows Terra Classic stuck between the 50-day Exponential Moving Average (EMA) and the 20-day EMA (the red and blue lines on the chart). 
<figure id="attachment_185257" aria-describedby="caption-attachment-185257" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-185257" src="https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53.png" alt="LUNC price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53.png 2694w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-03-53-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-185257" class="wp-caption-text">
 LUNC price chart | Tradingview
 </figcaption>
</figure> 
The ongoing sideways trading in the narrow range means that&nbsp;<a href="https://coingape.com/terra-classic-genuine-labs-proposal-officially-passed-lunc-burn-rate-skyrockets/">Terra Classic</a>&nbsp;is experiencing a squeeze signalling a larger breakout in the short term. 
Based on the Bollinger Bands, a tighter squeeze could validate a gigantic move in LUNC price. A successful retest of the lower boundary will prop the token for a huge leap. 
FOMO is bound to kick in as LUNC climbs above the next immediate supply area at $0.0002. The move to $0.00025 and $0.0003 would be drastic and could set the pace for a parabolic rally above $0.001. 
The technical structure in the daily timeframe changes slightly with the Bollinger Bands expanding and therefore, signaling an extended correction to test support at $0.00015. 
Investors planning to seek exposure to&nbsp;<a href="https://coingape.com/markets/terra-classic-lunc-price-bullish-strategy-eyeing-1-depends-on-3-key-factors/">LUNC</a>&nbsp;could decide to dollar cost average as prices dip. During the bull market, traders are advised to have a cash-based portfolio (with USDT) to take advantage of the corrections to increase their holdings and maximise the RoI in the long run. 
<figure id="attachment_185258" aria-describedby="caption-attachment-185258" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-185258" src="https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16.png" alt="LUNC price chart | Tradingview" width="2694" height="1444" srcset="https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16.png 2694w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-300x161.png 300w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-1224x656.png 1224w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-768x412.png 768w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-1536x823.png 1536w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-2048x1098.png 2048w, https://coingape.com/wp-content/uploads/2024/03/LUNCUSD_2024-03-11_20-15-16-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-185258" class="wp-caption-text">
 LUNC price chart | Tradingview
 </figcaption>
</figure> 
Terra Classic holds above key bull market indicators including the 20-day EMA, the 50-day EMA, and the 200 EMA. With that in mind, investors should consider the downtrend being invalidated at a higher support level — $0.00018. 
The post <a href="https://coingape.com/markets/lunc-price-terra-classics-squeeze-teases-2024s-biggest-move-time-to-dca/">LUNC Price: Terra Classic’s Squeeze Teases 2024’s Biggest Move, Time To DCA?</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

LUNC Price: Terra Classic’s Squeeze Teases 2024’s Biggest Move, Time To DCA?

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