- Terra Classic price is trying to sustain at the current level after a strong bullish momentum.
- LUNC Crypto is presently trading above the 20, 50, and 100-day Daily Moving Average.
- The pair of LUNC/BTC is at 0.00000002446 BTC with an intraday drop of 12.22%.
Terra Classic formerly Known as Terra is currently struggling to sustain itself at the current level. LUNC cryptocurrency is trying to maintain its current position as after gaining at a certain instant the token is now facing strong selling pressure. Bears are approaching to pull the token back towards the lower level over the daily chart. LUNC investors need to wait for any directional change over the daily chart. Meanwhile, the LUNC tokens must gather support from the buyers in order to sustain at the current level.
Terra Classic is presently approximated at $0.000515 and has lost 4.42% of its market capitalization in the last 24-hour period. Trading volume decreased by 5.54% in the intraday trading session. This indicates that sellers are approaching to pull the LUNC coin from the current level. The volume-to-market cap ratio is 1.03.
Over the daily price chart, the LUNC coin is trading with significant gaining momentum. The token is making an effort to speed up as it approaches the recovery phase. Following the downward trend, LUNC was able to find support at $0.000085, and after crossing over $0.00030, it started to show signs of recovery during the consolidation phase. LUNC has begun to pick up steam and must now soar to $1.00. However, the volume change is below average and needs to rise for LUNC to keep moving upward.
What do Technical Indicators suggest about LUNC?
LUNC coin price is trading with strong uptrend momentum over the daily price chart. However, Technical indicators suggest that LUNC is making its return from extremely overbought territory.
The bearish momentum of LUNC is highlighted by the Relative Strength Index. At 84, the RSI is retreating from the most extreme overbought area. The bullish surge of the LUNC currency is displayed by MACD. After a positive crossover, the MACD line is ahead of the signal line. Investors in LUNC must now watch with interest to see if bulls make any efforts to pull the token out of the consolidation period.
Conclusion
Terra Classic formerly Known as Terra is currently struggling to sustain at the current level. LUNC cryptocurrency is trying to maintain its current position as after gaining at a certain instant the token is now facing strong selling pressure. Bears are approaching to pull the token back towards the lower level over the daily chart. LUNC investors need to wait for any directional change over the daily chart. LUNC has begun to pick up steam and must now soar to $1.00. However, the volume change is below average and needs to rise for LUNC to keep moving upward. However, Technical indicators suggest that LUNC is making its return from extremely overbought territory. Investors in LUNC must now watch with interest to see if bulls make any efforts to pull the token out of the consolidation period.
Technical Levels
Support Levels: $0.00030 and $0.00025
Resistance Levels: $0.00060
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational ideas only, and they do not establish the financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.