Terra Classic and Terra Luna Price Prediction
The post Terra Classic and Terra Luna Price Prediction appeared first on Coinpedia Fintech News
With the meme coins taking a pause after massive price jumps, the low cap altcoins are gaining momentum. Amidst such market conditions, the Terra tokens display a gradual rise in bullish momentum in a rising channel.
However, with the BTC price struggling under the $70K level, will the altcoins manage a comeback in a volatile market? So, let’s look closer at their price charts to identify bullish entry spots.
Will Terra Classic Rising Channel Fuel Golden Cross?
With a recovery trend in motion, the LUNC price trend shows a bullish attempt to gain momentum to gradually undermine the previous correction wave. Further, the Terra Classic token is up against the bearish aligned 50 and 200 EMA in the daily chart after the recent death cross.
Currently, the recovery rally displays a comeback from the 78.60% Fibonacci level and challenges the 61.80% Fibonacci level. Further, the rising channel reveals an underlying improvement.
With a push from the broader market recovery, the Terra Classic (LUNC) price trend could reach the $0.00015 mark or the 50% Fibonacci level.
Will Luna Price Reach $0.00017?
Similar to the Terra Classic chart, the LUNA price chart shows a similar rising channel as the demand increases significantly over the week. The altcoin has increased by 12% in a fortnight, teasing a stronger recovery rally.
Moreover, the bullish trend surpasses the 50D EMA and challenges the 23.60% Fibonacci level. Furthermore, the bullish rise in the RSI line approaches the overbought boundary. In case of a bullish breakout, the uptrend in the LUNA price can reach the $0.00017 mark or the 50% Fibonacci level.
In conclusion, the bullish trend in the Terra tokens is gaining momentum and teases a trend reversal rally in the coming weeks. With bullish patterns and breakout possibilities, the altcoin prices could reach the marked 50% Fibonacci level in respective charts.
