Price Analysis

Terra (LUNA) & TerraClassic (LUNC) Buckling-Up! Levels to Consider for the Upcoming Bull Rally

Written by: Sahana Vibhute

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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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Jul 18, 2022

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The crypto market cap after a pretty long wait has regained its lost levels above $1 trillion as the Bitcoin market cap approaches $500 billion and Ethereum $180 billion. Usually, Terra(LUNA) & TerraClassic(LUNC) prices consolidate while the top cryptos jump into action. However, the sister tokens currently appear to have followed the market trends, absorbing significant bullish momentum.

Terra (LUNA) Price 

luna
  • The LUNA price after following an extended consolidated trend, surged significantly high ranging beyond the 200-day MA levels
  • The bears are attempting to drag the price back below these levels, but bulls appear to be well in place, poised to uplift the price to $2 soon
  • The prices are expected to consolidate for a while and after accumulating significant strength may resume with a firm upward movement
  • However, unless the LUNA price surpasses the crucial resistance levels at $2.2, fewer chances of maintaining the upswing emerge.

TerraClassic (LUNC) Price

lunc
  • LUNC price on the other hand has hardly made any huge moves but still maintains its swing within a symmetric triangle
  • The prices are yet to reach the apex and hence the current consolidation may prevail until the mid-week
  • However, the possibility of a breakout may occur any time from now, but eventually, it is a short-lived
  • The LUNC price appears to have to aim at $0.00012 and securing levels above may ignite a significant upswing towards the higher targets

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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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