LUNC Price Increase, Achieves Impressive 3%+ Growth in the Last 24 Hours, Displaying Stellar Performance

Crypto News– While most of the cryptocurrency market grappled with uncertainty during the previous trading session, Terra Classic (LUNC) managed to stand out with an impressive gain of over 3%. This exceptional performance allowed the altcoin to break through a significant resistance level within the last 24 hours. During this period, LUNC’s price bounced back from the support level at $0.00005840, establishing a higher low in the process. Consequently, a positive trend line materialized on the altcoin’s price charts. Building on this foundation, LUNC’s price embarked on a bullish trajectory, surging past the $0.00006110 resistance and maintaining its position above it as of the latest update.

LUNC Price Increase, Achieves Impressive 3%+ Growth in the Last 24 Hours, Displaying Stellar Performance

If this bullish momentum persists, there’s potential for LUNC to conquer the subsequent resistance at $0.00006420. In an exceptionally bullish scenario, the altcoin could even turn this level into support, propelling it to new heights, potentially reaching as high as $0.00006870 in the coming two weeks.

However, should traders decide to secure profits from their LUNC holdings, it might lead to a price retracement below the aforementioned $0.00006110 threshold. Such a scenario would expose the altcoin to the risk of dipping to the next crucial level at $0.00005840 within the next 48-72 hours.

A breach below $0.00005840 would not only result in breaking the positive trend line on LUNC’s chart but could also trigger sell signals among traders, potentially pushing the price down to $0.00005550.

At the time of reporting, CoinMarketCap data indicated that LUNC had witnessed an impressive 3.5%+ increase in its price over the past 24 hours, valuing the cryptocurrency at $0.00006159. This daily surge contributed to LUNC’s positive performance over the week, with a cumulative gain of +6.51% in the last seven days.

Despite the substantial price surge, CoinMarketCap reported a 21.51% decrease in LUNC’s trading volume over the past 24 hours, bringing the total volume to $19,126,021 at the time of this update.