Terra Classic, sometimes referred to as LUNC, is selling at a very attractive $0.000065 right now. This cryptocurrency has decreased by 0.25% over the last 24 hours, but it has increased by almost 12% during the previous seven days, which is noteworthy.
As to CoinMarketCap, Terra Classic is ranked #94 and has a huge market value of over $375 million. The market is flooded with an astounding roughly 5.7 trillion LUNC coins in circulation when it comes to supply parameters.
On the other hand, information on its maximum supply is yet unknown. After a remarkable 12% increase in the last week, LUNC’s performance has drawn attention and rekindled the age-old discussion: Is the sell-off really over?
Terra Luna Classic’s 12% Surge: Signs of a Sell-Off Recovery,Terra Luna Classic’s 12% Surge: Signs of a Sell-Off Recovery
Terra Luna Classic: Estimated Price
Important price levels that traders and investors should closely monitor are revealed by analysing the daily chart. Terra Classic’s pivot point is positioned uncomfortably at $0.00006721.
This is significant because it’s not just any old number—it’s the 50% Fibonacci retracement level and it also lines up with the triple top pattern, an important technical indication.
As it continues to rise, the cryptocurrency hits its initial barrier at $0.00007033, which is also known as the 61.8% Fibonacci level. Traders should monitor the resistance level at $0.00007464 after that.
Conversely, if negative forces were to build up for Terra Classic, the 38.2% Fibonacci retracement level, or $0.00006423, would be the first point of support.
Supports that are deeper may be found at $0.00006059 and $0.00005449.
Examining further technical indicators, we find that the Relative Strength Index (RSI) is 64. This is an unmistakable sign of optimism.
For those who are unaware, an RSI value above 70 usually indicates an overbought situation, while a reading below 30 may indicate an oversold situation.
Terra Classic’s RSI is firmly positioned at 64, suggesting a positive outlook.
Terra Luna Classic’s 12% Surge: Signs of a Sell-Off Recovery,Terra Luna Classic’s 12% Surge: Signs of a Sell-Off Recovery,Terra Luna Classic’s 12% Surge: Signs of a Sell-Off Recovery, Terra Luna coin Crypto news, Terra Luna coin News