Is it Too Late to Buy Terra Luna Classic? Crypto Analysts Give Their LUNC Price Predictions

cryptonews.com:

After a period of challenging downwards price action, there are signs of life in Terra Classic (LUNC). Our analysts have identified clues that a major breakout rally could be inbound.

Currently trading at $0.00016 - LUNC has been on a continued uptrend from a local bottom of $0.00012.

Luna bulls ignited the impressive ongoing 42-day rally on December 21. So far carrying LUNC up a whopping 40% over the past month - smashing back into the key price level between $0.00016 - $0.00018 multiple times.

Source: TradingView

Resistance at $0.00016 finally flipped to become an area of support on January 9.

It's clear LUNC bulls became emboldened by market sentiment. This flip correlates to strong macro support from Bitcoin's (BTC) major 25% rally from $16,850 to $21,350 the same week.

We have seen the vital support between $0.00016-$0.00018 before, in November LUNC clung to this range for over a month.

Downwards price exploration bouncing hard off $0.00012 gives us two clues. One is an sign of LUNC's lower support level in event of a breakdown of rally structure.

But there is also a confirmation that this rally is looking to test resistance at $0.00018, for a second time after December's rejection.

Price action here is precarious. Terra Classic bulls have battled to crack the ceiling at this level for over 10 days.

This demonstrates the continued bull pressure in the rally, but could represent a slowing in rally momentum. After all, every rally has a finite amount of gunpowder supplying it.

A successful breakout of this price level would be big.

The next obvious area of resistance sits between $0.00023-$0.00025. That marks a potential gain of between 37% to 50% from current prices. Leaving LUNC in bullish territory not seen in 3 months.

But a