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Terra Classic Price Prediction: Short-Term Upside Potential

 


The Terra Classic course shows short-term upside potential. How far can the LUNC price rise now?


The Terra Classic course is at Golden Ratio support

The Terra Classic course made a local high at around $0.000593 and then corrected to the golden ratio support at around $0.00025. In addition, the 50-day EMA comes to the rescue at this point, which also serves as significant support.


LUNC price could now bullishly bounce off the support between USD 0.0002375 and USD 0.00025 to target the next Fibonacci resistances around USD 0.000375 and USD 0.00046.


Furthermore, the RSI is showing neutral while the MACD lines are bearish crossovers. However, the histogram is already ticking bullishly higher today.


The golden crossover is intact on the 4H chart

On the 4H chart, the RSI is also showing neutral while the MACD lines are showing a bearish crossover. However, the histogram of the MACDs in the 4H chart is ticking bearishly lower.


Also, the LUNC price sits between the 50-4H EMA resistance and the 200-4H EMA, forming both lower highs and higher lows. Nevertheless, the golden crossover of the EMAs signals short-term upside potential, as this confirms the trend bullish in the short-term.


The Terra Classic course finds support between USD 0.000128 and USD 0.000166 at the latest

If, on the other hand, the Terra Classic course bearishly breaks the golden ratio support at around USD 0.00025, the LUNC course will find significant support between USD 0.000128 and USD 0.000166 at the latest.


DISCLAIMER

All information contained on our website has been researched to the best of our knowledge and belief. The journalistic contributions are for general information purposes only. Any action taken by the reader based on the information found on our website is entirely at their own risk.

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