Terra Classic (LUNCUSD) Price Forecast: July 20
LUNCUSD price maintains its bullish trend at the moment while recovering and showing positive signs above the $0.00008966 supply level, the coin may likely remain in the same trend and further rise to the upper resistance level if all the support holds. However, with sustained buying, the next price target might be the $0.00011000 upper high mark and beyond.
Key Levels:
Resistance Levels: $0.00010000, $0.00011000, $0.00012000
Support Levels: $0.00009000, $0.00008000, $0.00007000
LUNC (USD) Long-term Trend: Bullish (4H Chart)
The LUNCUSD pair is experiencing a jolly bullish move in its long-term view. The coin price is trading above the moving averages with huge volumes from the bulls. Thus, the recent market structure has favored the bulls.
The bulls have sustained the crypto market at the $0.00008845 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger at the moment.
The market price of Terra Classic rises from $0.00008966 to the $0.00009100 resistance level above the moving averages as the 4-hourly chart opens today; this suggests that the bulls are having the market at their disposal. The traders should seize the opportunity now and buy the coin as the journey up north continues.
Next, if the price on the 4-hourly chart closes above the $0.00009529 previous hike level, then there is a high probability of the price going up to the $0.00011000 upper resistance value level soon in its higher time frame.
LUNC (USD) Short-term Trend: Bullish (1H Chart)
Despite the inflow by the sell traders, the Terra Classic price remains in an uptrend in its short-term outlook. The price bars can be seen trading above the moving averages, this means that the coin is in a bullish trend zone.
The bulls’ pressure on the currency pair in the past few hours has made it possible for the price to remain in an upward trend zone in recent times.
The drop in the coin price to the $0.00008974 low value above the two EMAs shortly after the 1-hourly chart opens today has no serious effect on the market as the price remains in an uptrend. Hence, staying above the supply levels indicates a strong possibility for a bullish correction.
Should the bulls push harder, the coin price can pull back at the current support of $0.00008974 value to invalidate the bearish theory.
Furthermore, with the daily signal pointing upwards, there is a tendency for the coin to rise further, if the support level holds, this will enable buyers to take the price up to a high of $0.00011000 level soon in its short-term perspective.
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