Terra Luna Classic Crypto Price Prediction - Time to Buy LUNC?
The sentiment for Terra Luna Classic (LUNC) crypto remains bearish this week as the price nosedives down to $0.000255.
Over the last 24-hours Terra Luna Classic has been one of the worst performers dropping by over 31% in price.
However, there is still light at the end of the tunnel as LUNC is trading within a bullish reversal pattern known as a falling wedge.
Will Terra Luna Classic continue to pump?
As the famous saying goes, nothing lasts forever and neither did the uptrend for Terra Luna Classic (LUNC).
The bearish divergence on the 4-hour time frame finally played out when LUNC got rejected at the $0.000593 price level and flipped into a downtrend.
Terra Luna Classic is now trading at $0.000289 which is 51.33% from the recent high set just a week ago.
However, there is still light at the end of the tunnel. Currently, LUNC resides within a bullish reversal pattern known as a falling wedge. There is a good chance that we might see a strong breakout to the upside with enough accumulation around the lower price levels.
The above price chart clearly reflects a bearish trajectory for LUNC over the last few days. We can see prior to the downtrend, LUNC was healthily bouncing off of the 20-day moving average and setting higher highs and higher lows.
Now we are seeing the exact opposite occur where Terra Luna Classic is getting rejected at the 20-day moving average and at the upper resistance trendline of the falling wedge at $0.000593, $0.000509, $0.000394 and $0.000377.
Terra Luna Classic must now gain enough bullish momentum to break through the $0.000333 resistance level. Upon doing so, the technical target for LUNC is $0.00051 which would be a 61% increase from current price levels.
Zooming into the 15 minute time frame
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