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Recently, in the cryptocurrency industry (precisely around November 8 and 9) most of the crypto markets suffered the effect of a crisis which makes the price trend downwards. Now, most of the crypto markets are picking up in a bullish direction. But as for Terra Classic, the market seems too slow or too weak to recover the bullish price. On November 10, the market moved in a bullish direction after securing support at $0.000163. But the buyers were unable to conserve the bullish price and eventually the control of the market fell back to bears.
Terra Classic Market Price Statistic:
- LUNC/USD price now: $0.00016
- LUNC/USD market cap: $957,129,155
- LUNC/USD circulating supply:5,988.47B
- LUNC/USD total supply: 6,879,128,298,036
- LUNC/USD coin market ranking: #43
Key Levels
- Resistance: $0.00017, $0,00018, $0.00019
- Support: $0.00016, $0.00015, $0.00014
Terra Classic Market Price Analysis: The Indicators’ Point of View
From the point of view of the Bollinger indicator, we see a down-trending market despite the bullish candlestick representing today’s trading session. In response to these recent bullish activities, the lower band of the indicator is moving upward, but the upper band and the moving average are moving downwards. However, those recent bullish activities are not strong enough to affect the current trend of the market.
LUNC/USD 4-Hour Chart Outlook
In contrast to the daily chart sentiment, when we look at the market from this point of view, we discover that it is on a bullish recovery. The price actions, though very weak, are now moving along with the 20-day moving average. The price of Terra Classic is now at the point of equilibrium. The MACD indicator is also positive about the recovery of the market. We should expect a price break out soon.
Terra Classic had a major crisis in the early part of this year and it has been making effort to recover since then. The market remained resilient and pushed through the challenges. At this time, the last thing LUNCUSD needs is another storm. New platforms Like the Dash 2 Trade now need to be well-developed to help traders reduce loss. The LUNCUSD crisis seems to have made traders take up an unenthusiastic attitude toward the market. The FTX disaster shows that there is a need for a very effective and innovative platform that can detect disasters that are similar to FTX/FTT, and enable speculators to pinpoint safer trading signals that will ensure huge returns. The platform is Dash 2 Trade (D2T), whose presale is currently ongoing. The presale has realized about $7.5 million. D2T affiliate program is also open to all. You can earn your share of the revenue by using the Dash 2 Trade referral links!
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