Terra Classic (Lunc) shows rough drive - how will the price develop and what opportunities do buyers offer?
Terra Classic (Lunc) shows rough drive - how will the price develop and what opportunities do buyers offer?
Terra Classic (LUNC) has a turbulent journey in recent weeks. The price of the cryptocurrency piece dropped from $ 7 on July 1 to $ 3 on July 15th. Although the piece exceeded its own support of $ 0.00007047, it is possible to break under this support level and cause further changes or consolidations. Terra Classic currently has a resistance of $ 0.00010955, while the price is $ 0.0000812.
Some experts believe that the piece could continue to decline instead of reaching its new resistance. However, if the price heads to $ 0.00007, buyers could benefit from the low prices and lead to recovery. Despite Terra Classic's turbulent journey, some predictions indicate that the price could increase to at least $ 0,000147 by the end of the year. Even with further declines, the price should not fall below $ 0.000098.
Various factors must be taken into account when evaluating future cryptocurrencies. The market conditions and a technical analysis can help to understand the potential behavior of the piece. The MACD (Moving Average Convergence/Divergence) currently shows a declining trend for Terra Classic. The 200-day and 50-day SMA (Simple Moving Average) exceed the current market price and indicate a long-term declining market. The relative strength index (RSI) is currently 39.40 and shows an oversized market situation. Overcoming this level could lead to a rally, while a further decline would continue to burden the market.Terra Classic currently has $ 0.00007047 and $ 0.00010955. Since the piece is traded above its support level, but under its resistance level, the market could be consolidated or merged. In such a scenario, various strategies could be used to benefit from the price fluctuations, such as buying near the support level and sale near the resistance level.
It is important to note that the market conditions can change quickly and that well -founded strategies and technical analyzes should be taken into account when it comes to investing decision. The volatility of cryptocurrencies may differ from the predicted price movements, so there should also be a risk management plan.
In addition to the market conditions, some external factors also influence the price of Terra Classic. Current legal problems related to the founder Do Kwon have led to fears on the market. Kwon was brought to court because he wanted to travel to Montenegro with a fake passport. The effects of this matter and the result of the legal dispute could have an impact on Terra Classic. It remains to be seen how the situation will develop.terra classic recently lost dynamics on the market, but some crypto enthusiasts are optimistic that an upswing will occur as soon as the support level has been reached. It is important to observe the development of the market closely and make a well -founded decision before investing in Terra Classic.
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