Claim $500Terra Classic Price Faces a 15% Decline Amid Broad Market Correction
Highlights
- The LUNC price reversal drops under $0.00015 and tests the 200-day EMA.
- The bullish trend continues as the ascending support trendline stays intact.
- The intraday trading volume in the LUNC coin is $797 Million, indicating a 1.7% loss.
Terra Classic Price: The Terra Classic (LUNC) recovery trend fails as the recent reversal from the dynamic resistance of the 20-day EMA aligns with the broader market sell-off. However, with the LUNC price sustaining above the 200-day EMA and the ascending support trendline, the altcoin projects a potential bounce back in the near future.
With this possibility of a bullish reversal, will the LUNC prices surpass the $0.00020 mark with the Bitcoin Halving around the corner?
Also Read: Terra Classic Price Forecast: Will dApp Integration Fuel LUNC Breakthrough to New Highs?
Will LUNC Price Sustain Above $0.0001?
With the bearish phase in motion, the negative cycle in the Terra Classic price trend grows intense and tests the 200-day EMA. The downfall undermines the recent bounce back from the said dynamic support last month.
The recent negative turnaround accounts for a deterioration of 20% in the LUNC token’s market value. Further, the recent crash aligns with the overall market fall and the supply inflow at the 20-day EMA.
However, the sell-off wave lacks trading volume support as it stays under the 20-day average line. Currently, the LUNC price trades at $0.000013785, which leads to a Doji formation at the 200-day EMA, teasing a morning star.
Further, in the bigger picture, the altcoin shows a triangle pattern formation and currently rests at the baseline. Optimistically, the trend awaits a bullish reversal within the pattern. Hence, the uptrend could reach the $0.000020 psychological mark shortly.
On the flip side, the breakdown of the 200-day EMA will test the baseline at $0.0001.
Related: Ark Invest’s Cathie Wood Labels Bitcoin (BTC) A “Flight To Safety” Asset
Technical Indicator
- Relative Strength Index: Despite the recent crash, the RSI line shows a bullish divergence in the last two dips, bolstering the reversal possibility.
- Exponential Moving Average: The 20- and 50-day EMA nearing a bearish crossover could intensify the bearish momentum in the LUNC price.
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.
Premium Partners
Related Articles
- Aave DAO Saga Update: Majority Votes Against Token Alignment Proposal as Voting Nears End
- Trump-Linked USD1 Stablecoin Crosses $3B Market Cap After Binance Rolls Out 20% Yield
- Crypto India: Billionaire Nikhil Kamath Reveals He Holds Zero Bitcoin, Plans to Explore BTC in 2026
- Spot Bitcoin ETFs Bleed $175M as Analysts Predict BTC Price Crash to $40K
- Dormant Bitcoin Whale Awakens with $30M Profit
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
