Lunc Price Prediction: Today’s Lunc Price, 1st Feb 2023

Terra Luna Classic Price Prediction

Terra Luna Classic Price is spinning at the pinnacle of a symmetrical triangular pattern, preparing to fly above its immediate resistance, as seen at $0.00018, which is confluent with the 200-day Exponential Moving Average (EMA) (in purple).

Trading the symmetrical triangle on the market for the first time may require market players to comprehend that this pattern develops as the price goes into a narrower and narrower range, which ends in a heated conflict between bulls and bears.

The Terra Luna Classic price is consolidating inside the boundaries of two trend lines, one connecting the higher lows and the other connecting the lower highs, as shown on the four-hour time frame chart below.

Price of Terra Luna Classic is about to break out as long as bulls prevail and go above the resistance of the triangle, which is supported by the 200-day EMA. Orders can be placed by traders just slightly above the trendline drawn from the lower highs. Investors would be looking forward to cashing out at $0.00021 following the anticipated breakout.

The Moving Average Convergence Divergence (MACD) indicator offers insight that supports the bullish thesis for the LUNC price. The MACD line in blue crossed the red signal line, indicating a buy signal that has been in place since the beginning of January.

It’s significant that the momentum indicator may be seen moving upward and above of the mean line (0.00). Additionally, the bullish histograms seen in the aforementioned chart can support a bullish outcome. According to several analysts, the price of Terra Luna Classic is poised to make a significant move to the upside, with the short-term objective being $0.0001758.

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