Terra Classic (LUNC), which has risen by about 13 percent in the last 24 hours, according to CoinGecko data, has managed to attract attention.
Although the rise in LUNC found about 25 percent, there was a reaction sale and a pullback. Despite this withdrawal, it still maintains its strong stance.
Terra Classic (LUNC) has gained nearly 100 percent over the past seven days. Still, LUNC investors are wondering whether such a strong rise in LUNC will continue.
Looking at the 4-hour chart, a bullish market structure is seen. Therefore, those who trade on lower timeframes may be bullish and look for buying opportunities. Fibonacci levels (white) showed that $0.00036 could be short-term resistance, while the $0.00033 level could act as support.
A deeper correction to the $0.0003 level (23.6 percent retracement) also looked possible. The relative strength index (RSI) also showed a strong upward movement and came into the over-bullish zone. The balance trading volume (OBV) indicator has also seen a rapid rise in the last few days.
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