Continues to Delight LUNC Investors !
After keeping investors waiting for months, LUNC captured attention with a 90% surge in the last week.
The upward trend in the crypto market has created expectations for many altcoins. The anticipation is fueled by BTC‘s move towards $39,000 and its aim to reach $40,000, increasing predictions that altcoins will continue their bullish run.
Especially older crypto projects have begun to reverse their downward trend and make a comeback. One of these projects, Terra Classic, has finally made the long-awaited breakthrough. The LUNC price has surged by 90% in the last week.
Will the Upsurge Continue for LUNC?
Terra Classic (LUNC) made a significant comeback after a long period, surging by 90% in a week and 100% in ten days. This rise has sparked FOMO (Fear of Missing Out) among investors. Whether the LUNC price will continue to rise remains a topic of curiosity.
When looking at the LUNC chart, it is observed that the price has sustained above the significant resistance level of $0.000115. The persistence above this point has brought about a new uptrend, quickly pushing the LUNC price to $0.000144. LUNC is recognized as one of the projects that actively engages with the crypto community. The community support has played a significant role in the substantial increase in the LUNC price.
After moving within a specific price range for an extended period, LUNC made a breakout with a surge on November 10th, rising by 44%. Following this increase, bulls began to show interest in LUNC. During that period, LUNC, which was trading around $0.000067, is now priced at more than twice that amount.
LUNC may have initiated the anticipated bull run, experiencing a 90% surge in the last week. The popular cryptocurrency will aim for further gains as long as it remains above $0.000144. The LUNC price could continue its ascent towards the $0.000169 resistance. The selling pressure in this range might push the price back to $0.000144. If LUNC can sustain between $0.000144 and $0.000169, it may target the major resistance at $0.00020.
On the other hand, LUNC may currently begin a correction from the 90% surge. At this point, the $0.000144 support plays a crucial role. If this support is breached, LUNC could quickly pull back to $0.0001289. If selling pressure initiates at $0.0001289, the price may touch the major support level at $0.000115.
