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.
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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.
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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.
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