Convergence

Terra Classic

Terra

Divergence

The post <a href="https://coinpedia.org/price-analysis/luna-and-lunc-price-record-massive-jump-terra-tokens-to-surge-this-month/">LUNA And LUNC Price Record Massive Jump! Terra Tokens To Surge This Month?</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a> 
As the market leader achieved a new all-time high, the <a href="https://markets.coinpedia.org/" target="_blank" rel="noreferrer noopener">crypto market</a> experienced a massive uptrend in valuation. Despite the industry witnessing a significant correction shortly after the ATH, top altcoins continue to trade under a strong bullish influence. 
Further, the Terra Classic (LUNC) and <a href="https://markets.coinpedia.org/terra-luna/" target="_blank" rel="noreferrer noopener">Terra 2.0 (LUNA) tokens</a> have both displayed a notable run over the past week by adding 64.26% and 70.27% in their respective portfolios. 
<h2 class="wp-block-heading" id="h-terra-classic-lunc-jumps-15-today">Terra Classic (LUNC) Jumps 15% Today!</h2> 
The Terra <a href="https://coinpedia.org/price-prediction/terra-classic-lunc-price-prediction/">LUNC price</a> traded in a consolidated range between $0.000106 and $0.000142 for a brief period, following which the token gained momentum and recorded a jump of approximately 41.6% in valuation. After facing rejection at $0.0001995, the LUNC token displayed a neutral trend for the next three days. 
As the market volatility grew, the Terra token recorded a jump of approximately 40%, following which it faced rejection at $0.0002556. After this, the token recorded a correction of over 38% erasing all its gains from the price pump. Since then, the price has been displaying mixed sentiment. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/lUR6lQ7BOcZ8PDqlt6MS6xNpt_tbZyM1sQs9VrU_pv2jQ4CD6d3fDPHdzdxWntRD6OnZ7l6oVuAmwUTrQDrmX_vxMuLfpyrEo7DhzTXjqqKqlqK_hDTuASCnX5UBWsyE7UbAGDvyg_BeyVaJcUMcQtM" alt="LUNC Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LUNC/USDT
 </figcaption>
</figure> 
The technical indicator, MACD, displays significant volatility as the histogram constantly witnesses fluctuations. Moreover, the averages show a bullish convergence, suggesting a positive price action for the coin in the upcoming weeks. 
If the bulls continue to gain momentum, the Terra LUNC price will prepare to test its upper resistance level of $0.000255 by the weekend. Conversely, a trend reversal may pull the price toward its lower level of $0.000161 in the coming time. 
Also Read: <a href="https://coinpedia.org/price-analysis/top-meme-coins-that-will-make-you-millionaire-this-bull-market/">Top Meme Coins That Will Make You Millionaire This Bull Market</a> 
<h2 class="wp-block-heading" id="h-terra-luna-reclaims-1-mark-nbsp">Terra (LUNA) Reclaims $1 Mark!&nbsp;</h2> 
The <a href="https://coinpedia.org/price-prediction/terra-luna-price-prediction/">LUNA price</a> traded in a narrow space between $0.6350 and $0.6934 for a brief period, indicating a weak price action for the coin. As the market volatility grew, the bulls broke out of the resistance level where the price traded sideways for a while. 
After losing momentum, the price experienced a pullback in the chart. Following multiple failed attempts, the bulls recorded a jump of approximately 25%, after which the price traded in a closed range for a while. 
<figure class="wp-block-image">
 <img decoding="async" src="https://lh7-us.googleusercontent.com/Wv9UOrUrRF2nwjnMro0DmfOkK89UiubwJuHoQL6Rlk6KIenp6YRYhZUaFGPLvr5dN5M2dB-yzb-ODP-gj9PMX5Dx2oE5puNm5ddUHmFudXhfTEpYoYNC_ewqVSmbTLMNDBehNrpOwhhO_IP0M_bVYY4" alt="LUNA Price Analysis">
 <figcaption class="wp-element-caption">
 TradingView: LUNA/USDT
 </figcaption>
</figure> 
Recently, the LUNA token recorded a jump of 91.11% within hours, following which it experienced a correction of 32.8%. Since then, the price has been traded in a closed range between $1.0405 and $1.2140, indicating a cool-off in the price action. 
The Moving Average Convergence Divergence (MACD) shows a constant green histogram, highlighting an increased buying-over-selling pressure in the crypto industry. Moreover, the averages show a significant rise, suggesting the price will continue gaining value in the coming time. 
If the market pushes the LUNA price above the resistance level of $1.214, the bulls will regain momentum and make a run to test its upper resistance level of $1.55. Negatively, if the bears overpowered the bulls, the LUNA 2.0 will trade under a bearish influence and test its low of $1. 
<h2 class="wp-block-heading" id="h-conclusion">Conclusion:</h2> 
With the increased market volatility, the Terra tokens have recorded a significant jump in their respective portfolios. Both the tokens have successfully surpassed their important resistance levels, indicating a rise in the investor’s interest in these tokens. 
However, considering their past market sentiments, these tokens are highly volatile and are known to display massive price movements in a short period of time.

LUNA And LUNC Price Record Massive Jump! Terra Tokens To Surge This Month?

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