Price Analysis

Terra(LUNA) Set to Recover by 12% This Week, What’s in Cards for TerraClassic(LUNC) Price?

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 15, 2022

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Article Highlights
  • LUNA price has rebounded well but needs to push a little more so that the bulls can take a step ahead into a recovery mode

  • While LUNC price after breaking down from a bullish pattern has regained the bullish momentum and is expected to hit $0.000125 at the earliest

As the crypto space witnessed ease in the selling pressure, almost all the asset witnessed a significant upswing. Additionally, the BTC price currently resides above $20,000 which may induce a remarkable strength. Therefore, the popular sister tokens Terra (LUNA) & TerraClassic (LUNC) price is expected to follow a significant surge for the next 24 to 48 hours. 

Terra (LUNA) Price 

luna
  • Terra(LUNA) price appears to have made a significant comeback as the price bounced off the lower FIB levels
  • The rebound uplifted the LUNA price beyond 0.23 FIB levels and experienced a rejection just below 0.38 FIB levels
  • Currently, the price still stands strong close to 0.38 and after a minor consolidation is expected to slice through these levels and achieve $1.9 at the earliest
  • However, the next FIB level at 0.618 appears to be pretty distant and hence the possibility of a retracement and a minor consolidation between $1.84 and $2 appears imminent

TerraClassic (LUNC) Price

lunc
  • TerraClassic price after an extended consolidation within a symmetrical triangle, broke down to test the lower support around $0.00008 
  • However, since the early trading hours, the asset surged extremely high gaining more than 20% 
  • The LUNC price is consolidating within the same area as before and hence a minor delay in the breakout may be expected 
  • A clear breakout above $0.0001144 may trigger the bears but if the asset holds above these levels a clear path to $0.000125 emerges

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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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