Price Analysis View Non-AMP

LUNC Price Analysis: Will LUNC Price Skyrocket Upon Breakout?

Published by
Sohrab Khawas

With LUNA and LUNC price growing due to the burning events, the buyers are actively increasing the demand. The sharp increase in the market over the last few days has created waves in the crypto market. 

With new buyers ready to join in on the FOMO rally, LUNC price might face multiple oppositions ahead. 

The LUNC coin price has been on a massive downtrend after the fiasco, crashing below various support levels. The lower high formations struggled to find a strong footing and drove the generation of a resistance trendline on the daily chart.

However, the recent consolidation at $0.00005276, followed by a gradual increase in demand, breaks the resistance trendline.  Moreover, this week’s bullish surge of 11% may soon form a rounding bottom pattern with a neckline at $0.00007641. The overall price trend shows a remarkable increase in demand for LUNC prices over the week.   

Technical Indicators:
RSI Indicator: The daily RSI line spikes above the halfway line with a sharp move, reflecting a strong underlying bullish sentiment. 

MACD Indicator: The MACD and signal lines sustain the positive trajectory with the rising histograms. This reflects the significant rise in buying pressure. 

Will LUNC Price Reach $0.10?

If the buying pressure persists, the LUNC price could surpass $0.00007641. This would trigger a new breakout rally to reach $0.00009145. Moreover, with the recovering market, the Terra Classic price may reclaim higher levels.

However, a downtrend may emerge if buyers fail to surpass the 50-day EMA. This could challenge the bullish dominance at $0.00005276.

Sohrab Khawas

Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.

Recent Posts

Why Is Crypto Market Going Up Today? BNB Hits New ATH, XRP and ETH Surge

The crypto market is rising again with Ethereum (ETH), XRP, and Binance Coin (BNB) posting…

July 28, 2025

Ripple vs SEC: Here’s Why the Court Isn’t Done With XRP Yet

Another week, another set of rumors surrounding the long-running legal battle between Ripple and the…

July 28, 2025

Top Two Low-Cap Altcoins To Buy in 2025

As crypto eyes another bull run heading into 2025, investors are on the hunt for…

July 27, 2025

XRP Price Prediction For July 27

XRP is taking a breather after a volatile few weeks. Despite a sharp rally followed…

July 27, 2025

Bitcoin, Ethereum, XRP Price Prediction for Next Week (28th July – 2nd Aug 2025)

The crypto market continues to gain traction, adding 0.76% to reach a $3.89 trillion market…

July 27, 2025

Crypto News Today: Bitcoin Eyes $132K After Holding Above $118K

Bitcoin is holding steady above $118,000 despite the recent ups and downs in the market.…

July 27, 2025