The currency is trading at $LUNC
Today at levels 0.00004097, which is a level that puts traders in front of a real test of patience and accurate technical reading. Here is the analysis of the current scene:
🔍 Technical analysis of the current price:
Support areas: the price is approaching critical 'bottom' areas. Historically, these levels attract buyers looking for 'low risk for high return', but a clear break of this level could lead to further negativity.
Nearby resistance: To regain positivity, we need to see a daily close above levels 0.000055.
RSI Indicator: Currently indicates that the currency has reached the "oversold" phase, which may pave the way for a technical rebound (Dead Cat Bounce) or a real reversal if liquidity flows in.
💡 What are we waiting for?
Now relying entirely on upcoming burn news and the community's resilience. At these low levels, any small positive news is enough to move the price by large percentages due to the current low market cap.
🎯 Handling Strategy:
Given this price, investing "in installments" (DCA) may be the best option for those who believe in the community project, with strict stop-loss orders placed under the current bottom area.
What are your expectations? Will we see a quick rebound from the 4 zeros area, or will the selling pressure continue? Share your analyses with us! 👇
#LUNC #TerraClassic #CryptoTrading #BinanceSquare #MarketUpdate
