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The Terra Classic market has continued to trend upward. The rebound was initially quite strong, but the intensity seems to have reduced over time. Nevertheless, upside forces remain in charge and are currently advancing the market toward higher price levels.
Terra Classic Statistics:
Current LUNC Value: $0.0001686
LUNC Market Cap: $982,483,656
Terra Classic Circulating Supply: 5,831,755,627,131
Terra Classic Total Supply: 6,802,364,871,851
LUNC CoinMarketCap Rank: 104
Key Price Levels:
Resistance: $0.0001686, $0.0001700, and $0.0001800
Support: $0.0001600, $0.0001500, and $0.0001400
Terra Classic Bulls Retain the Lead
The bulls have stayed dominant in the LUNC market, considering their appearance for an extended period of seven sessions in a row. This seems quite significant and also shows the relentless nature of upside forces in this market. The ongoing session so far has appeared as a moderately sized green price candle.
The corresponding price candle to the ongoing session has very little upper shadow and has crossed the 50 level of the Fibonacci Retracement Level. While price action remains above the Guppy Multiple Moving Average (GMMA) indicator lines, the Moving Average Convergence Divergence lines are on the verge of an upside crossover. Consequently, this will add more strength to the ongoing price move.
LUNC Upside Retracement Persists
In the Terra Classic 4-hour market, it can be seen that price action stays in the green. The last price candle here continues to pursue higher ground. In fact, it can be seen that it has further advanced the price of the token by a fraction. Yet technical indicators are still positive about continued bullish moves. Price action stays above the GMMA lines on the daily chart.
Also, MACD indicator lines are still trending upward after crossing the equilibrium level. Furthermore, the bars of the indicator, although now pale green, are still appearing above the equilibrium level. Consequently, this suggests that bullish crypto signals are still usable in this market, as the price could rise to the $0.0001800 mark.
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