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The Terra Classic market witnessed strong bullish market movement between late August and early September. The bullishness increased even more in early September until it peaked at the $0.0005434 resistance level when the price stopped rising and was followed by very strong bearish momentum. From then on, each day witnessed a strong bearish market move. But the bullish trend only lasted for just between six to seven days, before buyers begin to resist further fall of the price. The market finally finds its support at $0.00023078 for an upward performance.
Terra Classic Market Price Statistic:
- LUNC/USD price now: $0.00029
- LUNC/USD market cap: $1,794,375,820
- LUNC/USD circulating supply: 6,151,000,000
- LUNC/USD total supply: 6,904,017,889,662
- LUNC/USD coin market ranking: #32
Key Levels
- Resistance: $ 0.00030, $0.00035, $0.00040
- Support: $0.00026, $0.00025, $0.00026
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Terra Classic Market Price Analysis: The Indicators’ Point of View
Terra Classic found new support at $0.0002307 on the 26th of September to take the market price upward. But on the 3rd of October, at the price level of $0.0003352, the bullish advances were cut short. Now the price of LUNC/USD is consolidating at around $0.00029. This point is also directly above the Bollinger moving average curve. The side-way ranging market started around the 6th of October. Both the RSI line and the Signal line, together, move in the middle of the indicator. This is highly significant of indecision. It is usually expected that this will precede a breakout.
LUNC/USD 4-Hour Chart Outlook
It is possible that the expected breakout in the Terra Classic market would be to the upside. Looking at the market today, the first two sessions have been bullish. The first session was completely taken over by the buyer, although the momentum was not strong. But the second session was much more bullish. However, sellers are rejecting its bullish advances. Right now, the price still balances around $0.000294.
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