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- 1 Terra Classic price prediction showcases the consolidation phase of LUNC price over the daily time frame chart.
- 2 LUNC crypto is trying to sustain above 20-EMA to surge towards the 50, 100 and 200-days daily moving averages.
- 3 Terra Classic cryptocurrency declined by 57.92% year to date.
Terra Classic price prediction highlights the consolidation phase of LUNC price inside a horizontal range-bound area. LUNC crypto was on a roller coaster ride before falling inside the consolidation phase over the daily time frame chart. Meanwhile, buyers tried to register LUN crypto’s breakout but failed to sustain at the upper price range of the horizontal range-bound area over the daily time frame chart. Meanwhile, Terra Classic cryptocurrency needs to accumulate buyers in order to surge towards the upper threshold.
LUNC price was at $0.00006081 and lost 0.43% of its market capitalization intraday. However, trading volume increased by 29.91% during the intraday trading session which demonstrates that buyers are trying to push LUNC upwards towards the upper threshold of the consolidation phase. Volume to market cap ratio was at 7.28%.
Analyzing Technical Indications For LUNC Price
Terra Classic price prediction indicates the consolidation phase and struggle of ADA crypto to surge towards the upper threshold. LUNC crypto needs to attract buyers in order to surge towards the upper trendline of the consolidation phase. However, volume change can be seen below average and needs to grow during the day’s trading session. Meanwhile, LUNC crypto is trying to sustain above 20-EMA to surge towards the 50, 100 and 200-days daily moving averages. LUNC crypto has been consolidating inside the horizontal price range of $0.00005608 and $0.00006425.
Terra Classic crypto price managed to gain around 6.34% in a week while it declined by 3.43% in a month. Moreover, LUNC price slumped around 33.82% in the last three months and 49.72% in the last six months. In addition, LUNC crypto price slipped by 57.92% year to date.
Technical indicators highlight the sideways momentum of LUNC crypto. Relative strength index (RSI) shows the consolidation phase of LUNC price. Nevertheless, moving average convergence divergence (MACD) highlights the upside trend of LUNC crypto price.
RSI was at 49 and is trying to sustain at neutrality. The MACD line is above the signal line after a positive crossover. Investors in Terra Classic cryptocurrency need to wait until LUNC price sustains at the upper threshold of the consolidation phase.
Summary
Terra Classic price prediction highlights the consolidation phase of LUNC price inside a horizontal range-bound area. However, volume change is below average and needs to grow intraday. In addition, LUNC crypto price slipped by 57.92% year to date. Technical indicators highlight the sideways momentum of LUNC crypto. Investors in Terra Classic cryptocurrency need to wait until the LUNC price sustains at the upper threshold of the consolidation phase.
Technical Levels
Support Levels: $0.00006004 and $0.00005922
Resistance Levels: $0.00006267 and $0.00006425
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 crypto or stock comes with a risk of financial loss.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
