Has the journey of Terra Classic (LUNC) come to an end, or is a historical comeback still possible? 🪙👇
Are we waiting for a price explosion soon? 📊🚀
Terra Classic (LUNC) is currently moving in a tight sideways range with a clear accumulation phase (Volatility Compression) around the levels of $0.000079 - $0.000081. Historically, this kind of price pressure is usually followed by a violent move.
Critical Support and Resistance Levels:
Main Support ($0.000074 - $0.000075): This area has held strong against recent sell pressures and acts as a safety valve for the current trend. Breaking below it will lead us to test $0.000062.
Key Resistance ($0.000083 - $0.000085): Breaking this barrier and holding above it with a 4-hour candlestick is the real key to starting a strong upward wave targeting levels of $0.000090 and above.
Technical Indicator Signals:
RSI Indicator: Stable around neutral zones (about 48-52), reflecting a temporary balance between selling and buying forces, with a bullish divergence supporting buyers.
MACD Indicator: Moving completely flat near the zero line, which is a clear sign of liquidity compression, awaiting a strong catalyst for a breakout.
Overview: As the community continues intense burning campaigns (Burn Rate) that pressure the supply, a return of trading volumes (Volume) is the essential condition to confirm the bullish scenario. The current risk-to-reward ratio is good as long as the price holds above the support floor.
#BinanceSquare $LUNC
Are we waiting for a price explosion soon? 📊🚀
Terra Classic (LUNC) is currently moving in a tight sideways range with a clear accumulation phase (Volatility Compression) around the levels of $0.000079 - $0.000081. Historically, this kind of price pressure is usually followed by a violent move.
Critical Support and Resistance Levels:
Main Support ($0.000074 - $0.000075): This area has held strong against recent sell pressures and acts as a safety valve for the current trend. Breaking below it will lead us to test $0.000062.
Key Resistance ($0.000083 - $0.000085): Breaking this barrier and holding above it with a 4-hour candlestick is the real key to starting a strong upward wave targeting levels of $0.000090 and above.
Technical Indicator Signals:
RSI Indicator: Stable around neutral zones (about 48-52), reflecting a temporary balance between selling and buying forces, with a bullish divergence supporting buyers.
MACD Indicator: Moving completely flat near the zero line, which is a clear sign of liquidity compression, awaiting a strong catalyst for a breakout.
Overview: As the community continues intense burning campaigns (Burn Rate) that pressure the supply, a return of trading volumes (Volume) is the essential condition to confirm the bullish scenario. The current risk-to-reward ratio is good as long as the price holds above the support floor.
#BinanceSquare $LUNC