Cryptocurrency

Terra Classic

Terra

Rise

Divergence

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/experts-predictions-fuel-crypto-market-excitement/" data-wpel-link="internal">Experts’ Predictions Fuel Crypto Market Excitement</a><br></p>
<p style="text-align: justify"><a href="https://coin-turk.com/dunyaca-unlu-2-uzmanin-kripto-para-tahminleri" data-wpel-link="internal">Cryptocurrency</a> market price increases have maintained a high level of investor excitement since Monday, when the price of <a href="https://coin-turk.com/fed-mayis-toplantisi-faiz-tahmini-kripto-paralar-yukselecek-mi" data-wpel-link="internal">Bitcoin</a> exceeded $57,000 for the first time since 2021, and <strong>Terra Classic (LUNC)</strong> rose by 5% to $0.00013.</p> 
<h2 id="lunc-price-on-the-rise">LUNC Price on the Rise</h2> 
<p style="text-align: justify">Terra Classic has maintained an upward trend since the beginning of February, and the LUNC price has risen while being squeezed in an ascending channel. Compared to other cryptocurrencies like <strong><a href="https://en.coin-turk.com/billionaire-mark-cuban-highlights-regulatory-issues-amid-secs-legal-action-against-coinbase/" data-wpel-link="internal">Bitcoin</a></strong> and <a href="https://coin-turk.com/ethereum-eth-madencileri-icin-yeni-rekor-1-saatte-35-milyon-dolar" data-wpel-link="internal">Ethereum</a>, this rise is relatively limited, but before it continued, <strong>Terra Classic</strong> achieved a significant increase in the fourth quarter, reaching $0.00028.</p> 
<p style="text-align: justify">The decline following the December peak was attributed to investors taking profits and the general downward trend in January. The market was shaken by instability caused by the selling of accumulations and significant withdrawals from <strong>Grayscale’s</strong> GBTC ETF following the approval of Bitcoin ETFs. However, bulls reclaimed the trend with the support at $0.00009. Now the biggest challenge is to break and hold above the $0.00013 resistance.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-320364 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/02/lunc-1.webp" alt="" width="2048" height="1098"></p> 
<h2 id="moving-averages-in-lunc-s-favor">Moving Averages in LUNC’s Favor</h2> 
<p style="text-align: justify">Even a small move like this can boost investor confidence that predicts the short-term LUNC price will exceed $0.0002. Supporting the uptrend could be a buy signal from the Moving Average Convergence Divergence (MACD) indicator. Factors to consider in Terra Classic include its position above other bullish market indicators such as the 20-day Exponential Moving Average (EMA), 50-day EMA, and 200-day EMA.</p> 
<p style="text-align: justify">In terms of support, the lower boundary of the channel could once again try to control the downward movement. The mentioned EMAs could be useful if the decline intensifies due to investor disappointment at not being able to surpass the immediate hurdle at the $0.00013 level. Although not in overbought territory, the Relative Strength Index (RSI) has started to pull back towards the middle line (50), indicating that the uptrend is weakening in the low and middle ranges.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/experts-predictions-fuel-crypto-market-excitement/" data-wpel-link="internal">Experts’ Predictions Fuel Crypto Market Excitement</a></h5>

Experts’ Predictions Fuel Crypto Market Excitement

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