Price Analysis

Terra Classic Price Analysis: LUNC Price Gearing Up For a Massive Rally 

Written by: Elena R

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Jul 20, 2022

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Terra classic (LUNC) price has been showing some signs of recovery hence making everyone watch closely. LUNC has been on a wavy trend with both uptrends and downtrends in the past few days. These swings indicate that the buyers are in control of the market due to liquidity. The growing utility for UST and support from the lunatic community has made the price of LUNC surge.

LUNC/USD Price Analysis for Long Term

The daily chart of LUNC indicates that the coin has nosedived with a 1.24% increase hitting $0.0001061 price. The Bulls have managed to toss the prices from $0.0001047 to $0.0001061, a positive push from the Bulls.

The Bollinger bands show that the current market trend for LUNC is Bullish as both the upper band and the lower band are nipping towards each other. This indicates low volatility in the market and a rise in prices.

The Relative Strength Index is at 51.05 which indicates that the buyers are slowly gaining control over the market as the RSI line heads towards the 50-level mark. The MACD indicator shows that there is no crossover happening giving a signal to buy or sell LUNC.

LUNC 1

Things are looking better for TerraClassicUSD as it receives a very strong long-term technical score of 100 from an analysis done by InvestorsObserver.

The TerraClassicUSD obtained top marks in long-term trading tendencies according to a few criteria. This involves examining a variety of factors, including consistency, volatility, and how it compares to long-term averages, to see whether it qualifies as a good buy-and-hold investment opportunity.

LUNC Price Analysis – Short Term

On the 4-hour chart, it seems like the market is consolidating as the candlesticks are quite close to each other. This indicates that there is not much movement in the market and the prices are stable.

LUNC 2

At the moment, LUNC is trading at $0.0001061 after a 2.4% increase in price over the last 4 hours and after reaching a high of $0.0001063. The RSI indicator is showing that LUNC is almost reaching the overbought region which makes it a good time to sell.

The MACD indicator is also showing a bullish crossover which is a sign that the prices might rise in the future. Overall, it seems like the market is slowly recovering and the prices might go up in the future. It is a good time to buy LUNC as it is currently undervalued. Given that scarcity often causes prices to climb, it is expected that the value of Terra will continue to rise.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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