Terra Classic (LUNCUSD) Price Maintains an Upward trend

Terra Classic (LUNCUSD) Price Forecast: January 1

Amidst the recent upsurge in the crypto market, the LUNCUSD price maintains an upward trend at $0.000044 above the supply levels. There is a possibility for a price breakout and bullish continuation if the bulls add more strength to their potential buying and the market price sustains above the $0.000080 high mark. Given this, the coin may likely rise further, and the next price target might be the $0.00085 upper high mark and beyond.

Key Levels:
Resistance Levels: $0.000045, $0.000046, $0.000047
Support Levels:    $0.000025, $0.000024, $0.000023

LUNC (USD) Long-term Trend: Bullish (Daily Chart)

Terra Classic’s market value is showing strong growth above a key level. The pair has expanded its holdings, adding strength to the broader outlook for the asset.
The coin prices are above the moving average line, confirming its bullish momentum.

The coin price has demonstrated an increase above the resistance level lately as a result of investors’ persistent rise to the $0.000041 level in the last few days.

At the time of writing, the LUNCUSD pair rebounded from yesterday’s low of $0.000036 to a $0.000044 supply mark above the 50-day moving average, as the daily session opens today, confirming the bulls’ dominance in the market.

Thus, a sharp breakout and closure above the prior peak barrier at $0.000080 will invalidate any bearish thesis and rely on the ultimate breakout to the upper resistance level and beyond.

Notably, the LUNCUSD pair suggests the continuation of bullish sentiment as indicated by the momentum indicator.

Thus, the next bulls’ target might be the $0.000085 high level sooner as it maintains its upward trend in its higher time frame.

LUNC (USD) Medium-term Trend: Bullish (4H Chart)

Terra Classic is in a positive movement today. The coin price maintains its upward trend above the supply level in its medium-term time frame. This appears attractive to the buy trader and signifies a buy trade.
In the previous actions, the coin has been having high interference from buyers, which made it easier for the crypto to maintain a stable upside move in its recent correction.

The coin price broke out at the $0.000044 resistance value above the EMA-50 as the 4-hourly chart resumes today, indicating the high buying impact from the bulls, resulting in intraday gains.

Thus, a possible breakout from the current neckline will accelerate the buying momentum and push the prices higher to hit the 0.000069 previous resistance levels. This will bolster more buying pressure on the crypto to reach the upper resistance levels.

Notably, with the daily signal pointing upwards, there is a tendency for the LUNCUSD price to rise further if the support level holds.

Given this, buyers may take the price up to a high of $0.000080 level soon in its medium-term perspective.

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