MEXCLUNC Price Analysis Hints Last Pullback Before a Leap to $0.00018
Highlights
- A bullish breakout from the $0.000137 resistance will offer buyers sufficient support to take the next recovery leap.
- A potential bullish crossover between 20- and 50-day EMA could intensify the buying momentum.
- The intraday trading volume in the LUNC coin is $57.8 Million, indicating a 13% loss.
Amid the waning bullish momentum, the crypto market is witnessing high volatility which triggered a consolidation phase in the majority of major coins. Thus, the Terra Classic price stalled its recovery at $0.000137 resistance, projecting an early sign of bearish reversal. Will the LUNC price $0.0001 loss again?
Also Read: Terra Luna Proposes Establishing Deep Stablecoin & Cosmos Liquidity, USTC Price Up 38%
Bullish Pattern Hints LUNC Price to Prolong Recovery
The LUNC coin picked up sufficient recovery momentum in February when the price rebounded from the bottom support of $0.0009185. The positive upswing surged the altcoin 53.6% in two weeks to hit a high of $0.000137.
This recovery backed by increasing volume and occasional pullback reflects sustainable growth. However, with the leading cryptocurrency Bitcoin struggling to surpass the $52000 barrier, the altcoins sparked a potential of a fresh correction trend.
With an intraday 0.36% loss, the LUNC price showed a long rejection candle at the $0.000137 resistance. If the overhead supply pressure persists, the sellers may drive up to 18% correction to find suitable support at $0.000116.
An analysis of the daily time frame chart, a potential way to develop a well-known reversal pattern called the inverted head and shoulder pattern. This chart setup represents a clear transition from a downturn to an uptrend pattern.
Thus, if the broader trend remains bullish a retracement to $0.000122 or $0.00011 can offer a suitable pullback opportunity to potential traders. The buyers looking for a safe entry opportunity must wait for a breakout above this $0.000137 resistance to complete the chart formation.
This potential breakout would intensify the buying momentum and may drive the prevailing recovery to $0.000184.
Also Read: Terra Classic (LUNC) Set to Raise Minimum Initial Deposit to Curb Spam Proposals
Technical Indicator
- Average Directional Index: The ADX slope at 32% reflects the buyers may hit exhaustion soon and need a pullback to recuperate the bullish momentum.
- Exponential Moving Average: The daily EMAs(20, 50, 100, and 200) reflect the market sentiment is back on recovery sentiment.
Related Article: Crypto Hacker Transfers Stolen Ethereum After $26 Mln BTC & ETH Exploit
- Toobit Gets Dual Victory at Blockchain Life Awards 2025
- Crypto Market Crash: Here’s Why Bitcoin, ETH, XRP, BNB, SOL Falling Sharply Today
- MSTR Stock, Strategy’s Unrealized Gains Slip Amid STRE Preferred Shares Offering
- NEAR Intents Blur the Line Between What Humans and AI Can Accomplish
- “Never Had Plans to Sue Binance,” Wintermute CEO Evgeny Gaevoy Confirms
- Is a Pi Coin Price Meltdown Ahead? November’s 2.4% Supply Unlock Sparks Warnings
- Solana Price Eyes Rebound as Institutional Demand Tops $3.2B YTD
- Will Hyperliquid Price Hit $50 After OKX Listing?
- Top 3 Developments That Could Impact Bitcoin Price This Week
- Chainlink Price Eyes $30 Rebound as FTSE Russell Collaboration and Supply Squeeze Fuel Optimism
- Ethereum Price As Stablecoin Volume Hits ATH of $2.82T Despite Struggling Crypto Market- Is a Recovery In Sight?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Terra Classic
24 Hours volume
$11.35M
Market Cap
$264.3M
Max Supply
NA
