November 27, 2023

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Terra Classic (LUNC) Price Outlook: Bears Strengthen, What's Next?

December 8, 2023

Recent Surge

Terra Classic (LUNC) experiences a significant surge from late November, driven by an unexpected investment in its algorithmic stablecoin, USTC.

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Momentum Despite USTC Slowdown

LUNC maintains momentum despite a slowdown in USTC's parabolic surge, showcasing resilience and hinting at a larger bull run.

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LUNC has a history of explosive growth, and recent price action reflects this characteristic, suggesting potential for further gains.

Historical Explosive Growth

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As LUNC approaches crucial resistance levels, the token is poised for potential upward movement, with short-term bearish trends viewed as temporary.

Approaching Resistance Levels

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Tenacity Amid Bearish Movements

Despite short-term bearish movements, LUNC demonstrates tenacity, with expectations of regrouping for a bigger surge.

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Ascending Channel Formation

 LUNC trades within an ascending channel, creating bullish anticipation, but Bollinger Bands show volatility and hint at a potential squeeze.

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Short-Term Fluctuations

Terra Classic (LUNC) resilient surge, eyes larger bull run despite USTC slowdown, aiming for breakout by December-end.

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