- LUNC aims to achieve $0.0004295 as a 558% rally from its present value through sustained high trading volume and consistent price momentum breaking existing resistance levels.
- The bullish trends on RSI and MACD indicators for LUNC suggest a potential price climb because downward market forces are becoming weaker and momentum is gaining strength.
- The market demonstrates rising confidence in LUNC price growth because the trading volume has exceeded its long-term averages while breaking through a downward trendline.
Terra Classic (LUNC) is exhibiting clear indications of a bullish turnaround as its trading volume breaks a long-term descending trendline and daily indicators register multiple bullish divergences. An upward movement to $0.0004295 ($558% higher than current prices) could occur provided current momentum maintains itself. Data from on-chain analysis coincides with market price trends to indicate that sellers are dropping their grip which could lead to increased buying demand throughout upcoming weeks.
Recent trading volumes of LUNC have surpassed long-term averages by surmounting a multi-month declining volume trendline. A rising volume level on up-days shows an expanding number of market buyers who participate in trading. Higher trading activity along with the broken downtrend line increases trust that LUNC will experience a strong uptrend in its market movement.
Bullish Divergences Define the Recent Trend
On the daily chart, LUNC’s Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) readings have diverged positively from price lows, a classic signal that downward pressure is waning.The RSI is trading at 55.04 showing LUNC is in neutral conditions while the MACD is trading above the signal line. Whereas price continued to make lower lows over the past months, both RSI and MACD have formed higher lows.
This pattern indicates that selling momentum is weakening even as the token’s market value drifted downward. Such divergences often precede sustained rallies, suggesting that LUNC could be poised for a more pronounced upswing.
LUNC Eyes 558% Gain with Breakout Above Resistance
According to technical analysis the main target point stands at $0.0004295 USD. The targeted level of $0.0004295 establishes an increase of 558% above current prices at $0.00006422 while prices rose 1.7% throughout the last 24 hours. The trading range of LUNC signals $0.00006287 and stops at $0.00006422 with $0.00006250 forming the immediate support level and $0.00006525 creating the resistance point.
Robust price increases from momentum traders will drive prices toward the target if the token succeeds in breaking through its resistance point on elevated trading volume. A broken support structure will potentially cause market consolidation before another upward trend begins.
With bullish divergences in RSI and MACD, coupled with rising trading volume, LUNC is setting the stage for a potential 558% surge.When LUNC breaks through its resistance level it can start a powerful upward trend that will bring it closer to reaching its $0.0004295 target price.
