LUNC, which kept its investors waiting for months, attracted attention with a 90 percent increase in the last week.
The upward trend of the crypto market created expectations in many altcoins. BTC’s pinpointing at $39,000 and targeting $40,000 increased the predictions that altcoins will continue their bull run.
Especially old crypto projects have ended their downward trend and started to exit. Terra Classic, one of these projects, has made its long-awaited debut. LUNC price has increased by 90 percent in the last week.
Will the rise continue for LUNC?
Terra Classic (LUNC) took off after a long time, rising 90 percent in a week and 100 percent in 10 days. This rise caused FOMO among investors. Whether the LUNC price will continue to rise is among the issues of curiosity.
Looking at the LUNC chart, the price seems to be persistently holding above a key resistance point at $0.000115. Permanence above this point brought about a new rise. Thus, the LUNC price rose to $0.000144 in a short time. LUNC is known as one of the projects that effectively uses the crypto community. Community support contributed to a significant breakout in the LUNC price.
LUNC, which has been moving in a certain price area for a long time, broke out with the rise it experienced on November 10. On November 10, LUNC was up 44 percent. With this rise, the bulls started to turn towards LUNC. LUNC, which was traded at levels close to $ 0.000067 at that time, is now more than twice the price.
LUNC may have started the expected bull run by experiencing a 90 percent increase in the last week. The popular cryptocurrency will aim ahead as long as it sustains above $0.000144. LUNC price may continue its rise towards the $0.000169 resistance. Selling pressure in this area may push the price back to $0.000144. LUNC could target the major resistance at $0.00020 if it persists between $0.000144 and $0.000169.
On the other hand, LUNC may begin to correct the current 90 percent rise. At this point, the $0.000144 support has an important role. If this support is broken, LUNC may retreat to $0.0001289 in a short time. If selling pressure starts at $0.0001289, the price could touch the major support point at $0.000115.
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