Lunc Price Prediction: Today’s Lunc Price, 3rd Feb 2023

Terra Luna Classic is showing signs of life after a period of difficult downward price action (LUNC). Our experts have seen hints that a significant breakout surge may be approaching.

LUNC, which is currently trading at $0.00016, has been on an ongoing upward trend since hitting a local low of $0.00012.

On December 21, LUNC bulls started the spectacular, still-going 42-day rally. Carrying LUNC up a stunning 40% so far over the past month and repeatedly hitting the crucial price level between $0.00016 and $0.00018.

On January 9, resistance at $0.00016 eventually changed to a support zone.

It’s obvious that market sentiment gave LUNC bulls more confidence. Strong macro support from Bitcoin’s (BTC) huge 25% gain from $16,850 to $21,350 the same week is correlated with this reversal.

Before, in November, LUNC clung to the crucial support zone of $0.00016-$0.00018 for more than a month.

We receive two hints from a downward price exploration that bounces violently off $0.00012. One indicates that LUNC will have less support if the rally structure fails.

However, there is also evidence that after being rejected in December, this rally is aiming to test resistance at $0.00018 once more.

This price movement is unstable. Bulls from the Terra Classic have been trying to break the ceiling at this level for more than ten days.

This illustrates the rally’s ongoing bull pressure, however it can also signify a weakening of rally momentum. After all, the supply of gunpowder for each rally is finite.

A profitable break through of this price level would be significant.

Between $0.00023 and $0.00025, there is a clear area of resistance. That is a possible gain from current pricing of between 37% and 50%. LUNC ends up in bullish zone not seen in the past three months.

The downside risk, however, suggests a retracement of -40% back to $0.00012, which would be quite unpleasant for LUNC holders should a collapse occur from here.

Today’s Lunc Price

Luna Classic’s price today is $0.0001726 USD

DATE	Luna Classic	USD
Today	01	$ 0.0001726

Terra Luna Classic Price Prediction

The RSI 14 for Luna Classic reveals cautious confidence for this potential breakout. LUNC is currently trading at 42.76, which is a bullish indicator that the stock may be oversold.

Even more encouraging is the RSI, which soared on January 15 as the price tried to break through resistance at $0.00018. Since then, the RSI has decreased, and the price has successfully resisted our trend lines. Getting the rally ready for another brutal assault on the ceiling at $0.00018.

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With the MACD still indecisive and a tiny bullish divergence at 0.00000004, this rise may be nearing its end.

Last but not least, a quick glance at open interest can reveal a tendency for wild price movement.

At the Huobi and OKX exchanges, open interest is currently sitting at $6.67 million (a 24 hour increase of +1.49%).

Speculators are cautious when it comes to price movement direction. Even while there is a lot of money on the table, this does not portend a significant march inward.

The last three price surges have all resulted from open interest levels rising above $7.9 million. implying that there is more room on the table before making a definite move.

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The next major movement could be sparked by an increase in open interest of about $1 million.

An ambitious community plan that may result in a significant comeback for the project and an endeavor to repeg USTC is another significant driver of LUNC price movement in the upcoming weeks.

It is important to keep an eye on this because, if it occurs, it might be the bullish news that triggers a breakout from the current price structure to a higher level.

For the time being, $0.00018 is the crucial test that will determine if this rally succeeds or fails.

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