The post Is Terra Classic (LUNC) Gearing Up for a Comeback or Facing More Downside? appeared on BitcoinEthereumNews.com.

Terra Classic (LUNC) has been through a turbulent journey, with massive price swings that have left traders guessing about its next move. After a significant rally in late 2024, LUNC has since faced a downward correction, currently hovering around 0.00006876 USDT. With recent lows being tested, investors are now asking: Is LUNC ready for a rebound, or will it continue its downward trajectory? LUNC Price Prediction: Has LUNC Found a Bottom, or Is More Downside Ahead? LUNC/USDT Daily Chart- TradingView Examining the daily price chart, we see key technical indicators providing mixed signals. The Relative Strength Index (RSI) is approaching oversold levels, while support and resistance zones are defining potential price action.  LUNC has seen a significant decline from its peak around 0.00018 USDT, dropping to recent lows near 0.000065 USDT. The downtrend started after breaking key support levels, with bearish momentum taking over. However, the chart now suggests that LUNC is stabilizing near a historically strong demand zone, which could indicate that a reversal is approaching. A major factor pointing to a potential bottom is the RSI indicator, currently at 34.89, suggesting oversold conditions. Historically, when LUNC’s RSI dips below 30, a bounce tends to follow, as buyers step in at lower price levels. However, for a confirmed bottom, LUNC must hold above the critical 0.000065 support. If this level breaks, the next key support is near 0.000050, a psychological and historical level where buying pressure could intensify. What Are the Key Resistance Levels LUNC Needs to Break? For LUNC to reverse its bearish trend, it must first break through crucial resistance levels that have previously rejected upward movements. The first major resistance is at 0.000085 USDT, where sellers have consistently stepped in over the past few weeks. A break above this level could signal a shift in momentum,…

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Filed under: News - @ February 9, 2025 5:09 am