Despite the pullback in Bitcoin (BTC), Terra Classic (LUNC) broke an important resistance zone.
The crypto money market, which fell with the news in Ripple losing its popularity and power, caused concern. Testing $30,000 several times during the day, BTC shook the altcoin market. Rarely, there were coins that resisted BTC and experienced a rise. One of the most notable names among these is Terra Classic (LUNC). How is the technical structure progressing for LUNC? Which regions on the chart are critical?
Terra Classic (LUNC) Technical Evaluation
Starting the upward movement at $0.0000758, LUNC faced great selling pressure from the $0.0000101 resistance. Relaxing from this value to $0.00000800, LUNC managed to find buyer support. The popular coin, which bounced after the market stagnated, jumped above the decision zone of $0.000009309.
Currently trading at $0.000009446, the resistance points for LUNC are 0.0000101 – 0.0000105 – 0.0000111 and 0.0000116 respectively. Zones that are likely to work as support are $0.000008353 and $0.000007582. Failure to hold $0.000007582 may increase the sell-side transactions on LUNC. In this process, it is of great importance to carefully monitor the Terra ecosystem.
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