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

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. 

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Terra (LUNA) Price 

• 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

• 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