Terra LUNA Classic (LUNC) price has suddenly woken up after a long slump. After a 28% surge last week, the altcoin is still pumping this week. On Monday, the price is up 20.32% at press time and the outlook is about to flip very bullish.
However, due to a strong surge in the last two weeks, the price has hit a crucial resistance level which may result in at least a temporary pullback on the lower timeframe. This is the $0.0000115 level which I have repeatedly mentioned in my previous articles.
It is worth mentioning here, that the ongoing bullish price action in the Terra Classic is due to the recent rise in the altcoin dominance and the Total 3 market capitalization which recently hit its fresh 52-week highs.
At the time of writing, LUNC crypto is trading at its highest level since April 2023. However, for a bullish Terra LUNA Classic price prediction bulls must flip the $0.0000115 level into a strong support. Such a move may unlock a huge upside.
This post was last modified on Nov 27, 2023, 14:48 GMT 14:48