Price Analysis

What’s Next – Terra (LUNA) Rises Above the Barriers, TerraClassic(LUNC) Price Struggles Hard

Author: Sahana Vibhute

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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.

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Highlights
  • Terra (LUNA) price spike high in the past few hours indicating the resurgence of the bullish trend

  • While Terra Classic(LUNC) price continues to trade under a notable bearish influence that has restricted the price below $0.00031

The crypto markets have turned greener recently as the prices of the popular cryptos appear to have rebounded well. While the rebound is yet to be validated, Terra’s (LUNA) price rallies, gaining nearly 12% in the past few hours. On the contrary, the LUNC price is strongly heading toward lower support. 

Presently, both sister tokens are manifesting a diverse trend as they continue to trade in contrasting patterns. 

Terra(LUNA) Price Analysis

  • Terra’s price spiked notably during the early trading hours that uplifted the price from $2.4 to $2.7
  • Woefully, the asset is currently facing a minor pullback which has formed a bullish flag, indicating a notable upswing soon
  • With a breakout from the pattern, the LUNA price is expected to rise above $2.9 while the crucial resistance to be cleared resides at $3
  • The technicals remain bullish and hence a notable upswing may be expected until the end of the day’s trade

TerraClassic (LUNC) Price Analysis

  • TerraClassic (LUNC) price has been trading within a symmetrical triangle ever since the price faced rejection at $0.00037
  • The price traded within a descending trend forming constant lower highs & lows and approaching the apex of the consolidation
  • Presently, the bulls do not appear well in position and, hence, the LUNC price may remain consolidated within the triangle for another couple of days
  • With a breakout, the prices may eventually rise high enough to test the interim resistance at $0.0003 and enter the crucial resistance zone at between $0.000342 & $0.000346 aiming to slice through them at the earliest.

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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.

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