LUNC Price Analysis: Will Terra LUNC Cross the $0.00007 Mark Soon?

The post LUNC Price Analysis: Will Terra LUNC Cross the $0.00007 Mark Soon? appeared first on Coinpedia Fintech News

The crypto industry continues to hover around its support levels as the bulls struggle to stabilize the price. Terra LUNC, on the other hand, has managed to trade positively as the price has gained over 12% in the past week.

The LUNC coin has been trading in an ascending trendline since mid-September. Recently, the coin experienced a jump in its value of almost 6% in a day, indicating the possibility of a surge soon. Further, Terra Classic is on the verge of experiencing a golden cross, which could result in the price to surge soon. 

The RSI has been trading above the mid-point for over a week now, indicating a strong buying and selling power. Further, their chart recently displayed a bearish convergence, indicating a possibility of a dip soon.

On the other hand, the MACD has displayed constant price volatility in its charts recently. Moreover, the histogram displays a slight decline in its charts, indicating an uncertainty in Terra LUNC’s future price action.

If the Bulls gain power and hold the price, then the price will experience a jump in value and test its resistance level of $0.00006523 soon. Further, if a bullish sentiment is initiated in the market, then the price will continue to surge and test its upper resistance of $0.0000750 next week.

On the contrary, if the bears come into power and a trend reversal occurs, then the price will experience a dip and continue to fall to new yearly lows. If the bulls fail to hold the price above $0.00006298, then the LUNC price will test its lower support level of $0.00006141 by the month-end.