Terra LUNC And LUNA Prices Surge! What’s Next For Terra Tokens This Month?
The post Terra LUNC And LUNA Prices Surge! What’s Next For Terra Tokens This Month? appeared on BitcoinEthereumNews.com.
The crypto market has recorded a massive jump in its valuation as major tokens have added significant value to their respective portfolio recently. Further, Bitcoin price crosses the $40K mark, highlighting a bullpower in the crypto space. On the other hand, Terra tokens have outperformed top cryptocurrencies, following the news of revamping the USTC. Terra Classic has gained over 250% during the past week, with Terra LUNA 2.0 adding approximately 150%. LUNC Price Analysis: The Terra LUNC price traded in a narrow space between $0.00006190 and $0.00006931 for a brief period, following which the bulls gained just enough momentum to break out. After this, the LUNC price started trading in a consolidated range between $0.00006931 and $0.00009234 for over two weeks. Following the update, the Terra Classic price gained massive momentum and broke out of the range, but the rally was short-lived as the price faced rejection at $0.00012855. The LUNC token traded sideways before regaining power and breaking out. Terra LUNC price has jumped over 86% since the breakout at its key resistance level of $0.00012855. Currently, the price is hovering close to its upper resistance level of $0.000240 and is expected to test it soon, of which the outcome is unpredictable. TradingView: LUNC/USDT The Moving Average Convergence Divergence (MACD) displays a constant green histogram, indicating an ongoing massive buying and selling pressure in the market. Further, the averages show a sharp rise in the chart, suggesting the price will continue gaining value in the coming days. If the bulls continue to gain power, the LUNC price will prepare to test its resistance level of $0.0002602. Maintaining the price at that level will set the stage for Terra Classic to attempt to test its upper resistance level of $0.0002805 this month. Conversely, if a trend reversal occurs, the price…
Filed under: News - @ December 4, 2023 8:20 am