Price Analysis View Non-AMP

Altcoins Rebound as Bitcoin Gains Strength; TerraClassic (LUNA) & Terra (LUNA) Could Rise By 20% Soon

Published by
Sahana Vibhute

The crypto markets are consolidating again as Bitcoin price failed to sustain above $67,000, displaying some weakness among the bulls. The selling pressure does not appear to have mounted, but without a rise in the buying volume, it may certainly be possible for the star crypto to sustain above the range. Now that the BTC price is consolidating, altcoins are gaining strength, including popular ones like TerraClassic (LUNC) & Terra (LUNA). 

Both the sister-tokens are displaying a huge possibility of a bullish breakout, while a bullish close for the day may confirm the trend.

TerraClassic (LUNC) Price Analysis

  • The TerraClassic price has been trading within a falling wedge for quite a while, and the recent rebound from the bottom has brought an influx of notable bullish momentum
  • Currently, the price is heading towards the upper resistance but the buying pressure has dropped considerably, which could hamper the pace of the rally
  • RSI is also heading slowly towards the average range, which suggests the token may maintain an ascending consolidation for a while
  • Therefore, the LUNC price is believed to range high and test the upper resistance by this weekend and if bulls display some strength, a breakout could be imminent, which may lead the price towards $0.00012. With this, the possibility of ranging to $0.00015 could be high
  • Otherwise, a rejection may lead towards a sideway accumulation within a range-bound level between $0.00011 and $0.000098 until the next price action

Also Check Out : Top Altcoin To Stack For May As Market Turns Bullish!

Terra (LUNA) Price Analysis

  • The Terra price appears to be extremely bullish, as the price has accomplished a retracement after a pullback
  • The price has formed a double top, which suggested the token could face a bearish pullback and as a result, the crypto faced a 60% drop
  • However, the price has secured within the crucial resistance and the MACD has displayed a bullish crossover, suggesting a bullish continuation
  • Therefore, a price rise to $0.87 may be expected if the bulls display strength in the next few days.

Read Also : Ripple Price Prediction: XRP’s Path to a $33 Billion Market Surge by 2025

Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

Recent Posts

Time to buy XRP? $55 million of Asset Outflow from Exchanges

XRP, the native token of Ripple Labs, is gaining massive attention from long-term holders despite…

April 4, 2025

Crypto Market Hit New Lows—Investors Looking Elsewhere? Ozak AI’s $0.003 Entry Looks More Promising!

The crypto market has recently experienced a vast downturn, with most important projects such as…

April 4, 2025

BTC Price Volatility Spikes Up—Is it a Good Time to Buy Bitcoin?

The US markets are experiencing one of the massive pullbacks, with major stocks plunging by…

April 3, 2025

Forget PEPE – Influencer Pepe (INPEPE) is the Future of Meme Coins with Real Utility!

PEPE hopped its way to a $3.8 billion market cap, but its reign as a…

April 3, 2025

Ripple (XRP) Eyes $10 as Ruvi AI (RUVI) Captures Investor Attention with Huge Growth Potential During Presale Phase 1

Ripple’s (XRP) recent rally from $2.00 to $2.20 has sparked excitement among cryptocurrency enthusiasts. This…

April 3, 2025

How High Can Influencer Pepe Go? Expert Predictions for 2025-2030!

The crypto circus has a new ringmaster: Influencer Pepe (INPEPE). This Pepe-the-Frog-inspired token is making…

April 3, 2025