Terra Classic (LUNC) Price Analysis: LUNC Will Probably Drop To This Level In The Next Few Days

07/13/2022By: C, Fiona

Terra Classic (LUNC) Price Analysis: The LUNC/USDT 4-hour chart shows that the price has formed a downward triangle. Indicating that the price is expected to continue its downward trend, this is a bearish pattern.

This pattern’s breakout point is $0.00010399. Price could fall below $0.00009000 if this level is breached.

Source: Trading View

 

The RSI is currently at 54.73 and increasing, which indicates that the price is likely to continue its downward trend. Both the MACD and the Stochastic are bearish. Since the price is expected to keep declining, this is a good sign.

A broadening of the Bollinger bands suggests price volatility. As long as the candlesticks keep creating red candles, the price will continue its downward trajectory.”

A downward trend in the LUNC price is expected to persist. While $0.00010800, $0.00011000, and $0.0001120 are the resistance levels, $0.00010399, $0.00009000, and $0.00008500 serve as the support levels.

The LUNC is currently in a negative trend and is expected to continue its decline, based on the aforementioned technical analysis. The LUNC/USDT pair’s next support level is $0.00009000.

When the price breaks below $0.00010399, traders might consider shorting the pair with a stop loss above $0.00010800 and a target of $0.00009000.

The Next Big Thing

The short-term trend for the LUNC/USDT pair appears to be negative, as evidenced by the technical indicators.

The coin’s fundamentals are predicted to remain robust in the long term, and the price is expected to recoup and climb.

As a result, it’s impossible to accurately forecast the cryptocurrency’s demise. Wait for a definite trend to emerge before making any investments.