Terra Coins Poised for Bullish Run as Crypto Market Recovers


Terra Classic (LUNC) and Terra Luna (LUNA), both associated with the Terra blockchain, are experiencing a resurgence amid a recovering cryptocurrency market. This news follows a period of consolidation and a previous sharp decline for both tokens.

Read Also: Terra Classic: Can a Fallen Giant Reclaim its Glory?

Terra Classic (LUNC)

  • LUNC price shows a bullish revival after a significant drop, forming a cup and handle pattern on the daily chart.
  • This pattern suggests a potential breakout toward $0.00021, representing a 60% increase.
  • The recent market recovery, including Bitcoin surpassing $57,000, further bolsters the bullish sentiment.
Source: TradingView

Terra Luna (LUNA)

  • LUNA price mirrors LUNC’s pattern, potentially ending its pullback phase.
  • Following a 55% decline, LUNA has seen an 8% rise in the past four days, indicating a trend reversal.
  • LUNA is poised to surpass a key resistance level, potentially leading to a sharp breakout rally.
  • If the price sustains momentum, it could reach $1, signifying a 45% increase.
  • However, resistance levels at $0.82 and $ 0.92 could pose challenges during the ascent.

Read Also: Eligible XRP Holders To Recieve $EVR Airdrop According To Uphold

Source: TradingView

Overall, both LUNC and LUNA exhibit promising signs of a bullish turnaround, potentially capitalizing on the broader crypto market recovery. However, investors should remain cautious of potential resistance levels and exercise due diligence before making any investment decisions.


Follow us on Twitter, FacebookTelegram, and Google News

  • 1431 Posts
Cryptolifedigital is a cryptocurrency blogger and analyst known for providing insightful analysis and commentary on the ever-changing digital currency landscape. With a keen eye for market trends and a deep understanding of blockchain technology, Cryptolifedigital helps readers navigate the complexities of the crypto world, making informed investment decisions. Whether you're a seasoned investor or just starting out, Cryptolifedigital's analysis offers valuable insights into the world of cryptocurrency.