Lunc Price Prediction: Today’s Lunc Price, 19th Jan 2023

The Terra Classic price is gaining speed as it attempts to recover from a 3% drop in the previous 24 hours. Prior to the drop to 0.0001720, LUNC hit fresh 2023 highs of $0.0001936. With support at $0.0001720 maintaining intact, Terra Classic price can push for the return of the uptrend during the American session.

The Terra Classic price surge may have paused, but it is far from over. LUNC could extend the leg to $0.00024 in the next days, according to the technical view on its eight-hour time frame chart.

A positive outcome is most likely above the seller congestion at $0.0001831, which is near to the rising triangle horizontal resistance and the 100-day Exponential Moving Average (EMA) (in blue).

As the price consolidates near the apex of the triangle, bulls begin to acquire an advantage over bears, resulting in a breakout over the resistance. As a result, traders should expect the Terra Classic price to rise by 30.27% to $0.00024 after the seller congestion at $0001831 is broken.

The distance between the broadest points of the triangle extrapolated above the breakout point equals the breakout target.

In the same eight-hour time frame, the Stochastic oscillator confirms the bullish forecast for Terra Classic price as it rises toward the overbought region. The Stochastic crossing over the falling trend line would coincide with a rapid move in LUNC toward $0.00024.

However, proving the positive perspective on the daily time frame chart is difficult, especially with the TD Sequential indicator providing a sell signal. The call to sell LUNC was reflected in a green nine candlestick, as seen in the chart below, which may drive investors to dump their bags in the near term, with the hope of purchasing again at a cheaper level.

However, traders must validate the signal by determining whether the high of the sixth and seventh candles in the count is greater than the high of the eighth or ninth bar. Bulls, on the other hand, must be prepared to deal with the supply area near $0.00020, or else drops may accelerate toward $0.00012.

Today’s Lunc Price

Luna Classic’s price today is $0.0001655 USD

Terra Luna Classic Price Prediction

The price of Terra Classic has the potential to provide enormous rewards to those who buy it when it recovers, even though a parabolic climb to $1 in 2023 may not be achievable. The value of LUNC has increased by 4.9% in a week, 11.5% in two weeks, and 23.9% in 30 days, beating several other cryptocurrencies in the market.

The most significant impediment to Terra Luna Classic reaching $1 is the abundant circulating supply. Despite the token burn program, the protocol has a circulating quantity of more than 5.9 trillion LUNC, with the network’s total supply being at 6.8 trillion.

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