Terra Classic (LUNCUSD) Price Forecast: April 10
LUNCUSD is positive today and the price target might be the the$0.000160 resistance level. The coin will still go further if the current support at $0.000127 holds. The crypto’s price may continue its upside moves to reach a $0.000160 high level, provided buyers increase their actions in the market.
Key Levels:
Resistance Levels: $0.000111 $0.000112, $0.000113
Support Levels: $0.000109, $0.000108, $0.000107
LUNC (USD) Long-term Trend: Bullish (4H)
Analyzing the chart below, we can clearly see LUNCUSD is in a bullish market zone. The price currently trades above the two EMAs. This means that the coin is in an uptrend. Many investors can join the market at a lower price in order to capitalize on the future upward rally
The pressure from the bulls to the $0.000130 high value in the previous session has made the Terra Classic price remain in an uptrend in its recent high.
The current price level now trades at the $0.000127 supply level above the two EMAs; this is an indication of upward momentum in the context of the strength of the market. Thus, a possible breakout from the current retracement will accelerate the buying momentum and push the prices higher and may possibly retest the $0.000136 resistance level.
Meanwhile, the pair has a target price level of $0.000160 on the upside as it’s about to resume its strong uptrend to the upper resistance as indicated by the daily stochastic pointing upwards. The mentioned target might be reached soon in its long-term perspective.
LUNC (USD) Medium-term Trend: Bullish (1H Chart)
The buy traders are now actively involved in the order flow in its medium-term outlook. This is a result of low bearish outcomes. This means that the LUNCUSD market is in a bullish trend likewise, the price bar can be seen above the moving averages.
The bulls made a correction at the $0.000127 supply value above the moving averages to resume its uptrend. This will actually encourage the buy traders to invest in the crypto, as possible future gains are certain.
In addition, the daily signal is in an uptrend, thus, if the buying pressure persists during this retest, the buy traders may push the prices above the $0.000131 supply level and plunge the price up to the $0.000160 resistance value soon in its medium-term time frame.
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