Terra LUNA Classic [LUNC] Price Prediction: LUNC To Skip The Range

• Terra LUNA Classic [LUNC] price prediction shows the tokens’ sideways momentum over the daily time frame chart.
• LUNC crypto has dropped below the rising parallel channel and stuck inside the consolidation phase.
• The pair of LUNC/BTC was at 0.000000006919 BTC with an intraday drop of 0.66%.

Terra LUNA Classic [LUNC] price prediction showcases the consolidation phase over the daily time frame chart. LUNC crypto price needs to attract more buyers to surge towards the upper price range of the horizontal range-bound area. Meanwhile, trading volume is also below average and needs to grow during the day’s trading session for LUNC crypto to start its recovery phase.

Terra LUNA Classic [LUNC] price was at $0.00016236 and has lost 0.55% of its market capitalization in the last 24-hour period. Trading volume has decreased by 23.94% during the intraday trading session. This demonstrates that sellers are approaching to short the market for Terra LUNA Classic [LUNC]. Volume to market cap ratio was at 0.04284.

Terra LUNA Classic [LUNC] price prediction suggests the consolidation phase of LUNC cryptocurrency inside the horizontal price range. LUNC crypto price has been consolidating inside the price range of $0.00015 and $0.00018. The price of LUNC crypto needs to attract the attention from buyers in order to recover out of the consolidation phase. Meanwhile, LUNC crypto price has slipped below the 20, 50 and 100-days Daily Moving Average. 

Terra LUNA Classic [LUNC] price has lost around 3.62% during a week and also 6.00% during last month. However, LUNC crypto’s quarterly report is positive with 2.19% of recovery in the past three months. Moreover, Terra LUNA price has recovered around 11.81% Year to date.

Will Terra LUNA Classic [LUNC] Start its Recovery?      

Terra LUNA Classic [LUNC] price prediction indicates the sideways momentum of LUNC crypto over the daily time frame chart. Technical indicators suggest the downside trend of LUN crypto price. 

Relative Strength Index suggests the downtrend momentum of Terra LUNA Classic [LUNC] price. RSI was at 44 and heading towards the oversold territory. MACD exhibits the downtrend velocity of LUNC crypto price. The MACD line is below the signal line after a negative crossover. Investors in LUNC crypto need to wait until the LUNC price recovers out of the $0.00018747 upper price range.

Summary     

Terra LUNA Classic [LUNC] price prediction showcases the consolidation phase over the daily time frame chart. LUNC crypto price has been consolidating inside the price range of $0.00015 and $0.00018.  Meanwhile, LUNC crypto price has slipped below the 20, 50 and 100-days Daily Moving Average. Technical indicators suggest the downside trend of LUN crypto price. Investors in LUNC crypto need to wait until the LUNC price recovers out of the $0.00018747 upper price range.

Technical Levels

Resistance Levels: $0.00018 and $0.00020

Support Levels: $0.00015 and $0.00012

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only, and they do not establish financial, investment, or other advice. Investing in or trading any stock or crypto assets comes with a risk of financial loss.          

Nancy J. Allen

Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.