Double your profits thanks to the unstoppable rise in LUNC prices! Next jump 50%?
With an incredible rally over the past few days, LUNC price has surged in unprecedented fashion. Luna Classic’s exponential rise, up more than 100% in the past 10 days, provides some bullish relief.
The uptrend continues to gain momentum and shows few downside signs of a breakaway phase. Therefore, LUNC price may surpass $0.00015 according to Terra Classic price prediction.
Source- Tradingview
LUNC price action has created huge candles, creating 7 out of 8 bullish candles in the last 8 trading sessions. Supporting the breakout rally with increased demand, LUNA coin price remains positive on the daily chart.
The ongoing recovery rally is approaching the overhead resistance around $0.00015 and is signaling a bullish breakout. Moreover, as market sentiment improves, the likelihood of a breakout increases.
The altcoin is currently trading at $0.000138946 after rising 17.50% last night, reflecting a boom in buying pressure.
technical indicators:
RSI indicator: The daily RSI line reflects a strong bullish trend underway as it enters overbought territory. Additionally, while the 14-day SMA mimics the trend, the indicator shows no divergent signals.
Not like that: As the bullish influence of the daily chart grows, the 50D and 200D EMAs prepare for a golden crossover. This bullish event signals a trend reversal and increases entry by bullish players.
Will LUNC price see another 50% rebound?
As altcoin season approaches, the likelihood of a FOMO-driven rally in coins like LUNC is increasing. Additionally, the market recovery has led to increased hype and recklessness among traders, making them more inclined to take risks. As a result, some arbitrage traders may benefit from the upcoming price increase.
According to technical analysis, an inverse head and shoulders breakout could spur LUNC price higher and challenge the $0.00015 level soon. If demand exceeds, the altcoin could break above $0.00015 and reach $0.00020.
Conversely, a reversal at the $0.00015 mark could push the price down to $0.0001163.