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LUNC has considerably reduced volatility in recent times after the most recent price spike. The price surge mentioned started towards the end of December last year and continued until around January 2nd this year.
Following that, there was a steady downward retracement until price action in the Terra Classic market reached just below the $0.0001000 price mark. At this point, price action has started to rise steadily, but at a significantly reduced pace. However, a close look at this market may unlock some trading opportunities, so let’s dive in.
LUNC Statistics:
Current Terra Classic Value: $0.0001199
Terra Classic Market Cap: $685,860,104
Terra Classic Circulating Supply: 5,777,596,226,889
LUNC Total Supply: 6,809,003,297,921
LUNC CoinMarketCap Rank: 96
Key Price Levels:
Resistance: $0.0001199, $0.0001250, and $0.0001350
Support: $0.0001150, $0.0001100, and $0.0001000
Terra Classic Appears to be Eyeing the Fibonacci Retracement Level for Bullish Assistance
With the price in the LUNC market having moved by more than 9% in today’s trading activity, it appears that this market may be getting more volatile. The last price candle on the LUNCUSDT daily market has a considerably bigger body. Consequently, this suggests that the market has witnessed more participation in the ongoing session than in the previous one.
This price candle has placed the price of this token above the two sets of the Guppy Moving Average (GMMA) curves. Also, the lines of this indicator are crossing each other below the current price of this token. In addition, the Stochastic Relative Index (SRSI) lines are still having an upside bearing, which supports the opinion that the market may continue upwards. Nevertheless, traders should notice the appearance of a small upper shadow on the last price candle on this chart and be cautious.
LUNC May Still Reach the $0.0001300 Mark
Even in the Terra Classic 4-hour market, price action has continued on an upside path. Although the last price candle here suggests that there has been some downward rejection in the session, price action remains at some distance above the GMMA indicator lines. At the same time, the SRSI indicator lines can be seen still rising upwards towards the overbought zone in what seems to be a very sensitive manner.
The leading SRSI indicator line has reached 100 marks, and the lagging one remains at 86 marks. With no crossover yet in sight, traders can still speculate that prices may extend upwards by utilizing crypto signals with targets around the $0.0001250 mark.
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