Terra Classic (LUNC) price has seen tremendous price fluctuations over the past month, with the token rising over 22% in the past day and around 130% over the past month.
Terra LUNC price traded in a narrow space between $0.00006190 and $0.00006698 for a short period of time before the coin gained momentum and the price broke out of the range. LUNC price recorded a 34% increase in value before being rejected at $0.00009002.
After that, the price lost momentum and the coin started trading under a bearish influence. The coin has been trading sideways for a short period of time, indicating weak buying and selling pressure.
The upward trend gained momentum again, with prices soaring 48% in three days. The coin was subsequently rejected at $0.00011778 and has seen significant price volatility since then.
After several failed attempts to break the critical support level of $0.00009002, the price regained momentum and saw another jump of 50%. The price was then seen trading above the support/resistance level of $0.00011778 for some time.
Recently, the price recorded another surge of 23%, suggesting a strong bullish influence in the market.
MACD (Moving Average Convergence Divergence) shows a sharp rise in the histogram, indicating a trend reversal in the market. The averages also show bullish convergence, suggesting that prices will continue to gain value in the future.
Will Terra Classic reach $0.0002 soon?
If the bulls push the price above the resistance level of $0.000145, LUNC price will regain momentum and get ready to test the upper resistance level of $0.000155 soon.
Additionally, if the uptrend holds at that level, it will set the stage for Terra Classic to test the upper level of $0.000160 next week.
Conversely, if the bears overwhelm the bulls, the price will lose momentum and move lower, soon testing the $0.00012855 support level. Moreover, if the bears continue to dominate the market, the downside could deepen further and test the lower support level of $0.00011778.