Terra Classic (LUNC) Price Climbs Upward by an Additional 16.67%

The Terra Classic token has appeared in the second spot on today’s daily crypto movers list. As a result, the price of the token has increased by an impressive 16.67%. Also, technical indicators are still fairly positive, suggesting that more price increases may be seen in the market.

Terra Classic Statistics:
Current LUNC Value: $0.0001433
LUNC Market Cap: $847,291,145
Terra Classic Circulating Supply: 5,776,466,639,866
LUNC Total Supply: 6,807,717,009,586
Terra Classsic CoinMarketCap Rank: 103

Key Price Levels:
Resistance: $0.0001433, $0.0001500, and $0.0001550
Support: $0.0001400, $0.0001350, and $0.0001300

Terra Classic Retreats Below the $0.0001500 Mark

Today’s trading activities have previously brought the  LUNC token past the resistance at the $0.0001500 mark. However, downward market forces quickly pushed back price action and then caused the market to contract downward. Nevertheless, buyers are still in the lead, going by the appearance of the last price candle on this chart.

Likewise, the market stands above the middle limit of the Bollinger Bands. This has given buyers some hope. The Stochastic Relative Strength Index (SRSI) curves are still rising into the overbought region. This suggests that prices will likely climb further upward as trading progresses.

LUNC Shows Promise of Hitting the $0.0001500 Mark

Moving to a Terra Classic 4-hour market, one can see that this token has the potential to continue upwards. It could be seen that a new session has begun outside the Bollinger Bands. Likewise, buyers are already in the lead, despite facing opposition from headwinds. At the same time, we can see that SRSI indicator lines have delivered a bullish crossover, and the ensuing lines are still below the 70 mark of the indicator.

However, the movement of the indicator lines seems a bit jerky, which indicates that the uptrend is now vulnerable. Consequently, while traders hope for a continued uptrend, it seems that the best crypto signals to use in the market will be the ones with their targets around the $0.0001500 mark.

Trade crypto coins on AvaTrade