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Terra Classic is making an impressive bullish move in today’s market. Before today, the general outlook of the market on the chart portrays a flat market. This flat market reflects the lack of interest among the trader, it also points to a high level of indecision in the market. LUNCUSD previously experienced a strong bearish move in early November, which was also followed by a strong bullish move. However, the bulls fail to conserve the price.
Terra Classic Market Price Statistic:
- LUNC/USD price now: $0.000183
- LUNC/USD market cap: $1,085,709,379
- LUNC/USD circulating supply:5,980.72 Billion
- LUNC/USD total supply: 6,873,241,411,025
- LUNC/USD coin market ranking: #39
Key Levels
- Resistance: $0.00020, $0.00025, $0.00030
- Support: $0.00015, $0.00014, $0.00013
Terra Classic Market Price Analysis: The Indicators’ Point of View
In today’s trading session, the buyers exact much pressure on the market such that the price moves on the trail of the November 10 resistance level, which is $0.0002. This impressive bullish move has taken the price above the 20-day moving average. Also, the general movement of the Bollinger indicator (which is a downward movement) is changing. However, a matter of concern is if the bull market can sustain this trend and conserve the bullish price. This is because the volume of trade is not that much when compared to the bullish move of today’s market. Such moves as this one usually result in exhaustion on the part of the buyers. And eventually, after the exhaustion, a bearish move will follow.
LUNC/USD 4-Hour Chart Outlook
The market from the point of view of the 4-hour chart shows a lack of interest in traders as most of the candlestick patterns are 4-price dojis. The market also has a low volume of trade. With these challenges, it may be difficult for the bulls to sustain the trend.
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