LUNC price prediction is bearish, as the LUNC/USD pair’s current price of $0.000147 faces major resistance, which corresponds to a Fibonacci retracement of 61.8%.
The uptrend in LUNC was spurred by the statement that the IBC channel between Osmosis and Terra Classic (LUNC) had been restored. Now users can transfer LUNC and USTC between chains once more.
When this news first appeared, the LUNC community flooded Twitter with their thoughts. Many Twitter users believed that this announcement was just the beginning for LUNC, and that things would only get better in the coming year.
It’s no secret that LUNC investors have been struggling to find a profitable strategy. However, LunarCrush’s research shows that in the near future, you’ll start to see shifts in the market in your favor.
LUNC was ranked first by AltRank, which means investors are bullish on the token. The vote of confidence points to a spike in the value of the token soon.
Price prediction for Terra Luna Classic.
Terra’s current price is $0.000143, with a 24-hour trading volume of $138 million. Terra has fallen by around 8.5% in the past 24 hours.
Momentum for the LUNC/USD pair picked up on the daily time frame. The RSI and MACD indicators stayed in oversold territory, and as a result the LUNC price rose to $0.00014.
LUNC has just broken through the 0.00014 resistance level, which is extended by 61.8% Fibonacci retracement and has reached the 0.000154 level. Technically, LUNC has upside potential and could reach $1 closer to the future unless Terra fundamentals change dramatically in the meantime.
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