LUNC price technical analysis
The daily chart shows that LUNC has crashed this year, falling from a high of $0.0001790 in November to $0.000050. It has dropped below both the 50-day and 100-day Exponential Moving Averages, a sign that bears are gaining momentum.
Terra Luna Classic has also formed a descending triangle pattern, a commonly bearish continuation signal. This pattern includes a horizontal base, currently around $0.00005078, and a descending trendline connecting lower swing highs since January 19.
Therefore, the token is at risk of a strong bearish breakout, with the initial target at $0.00005078. A drop below that level could open the door to further downside, potentially retesting the year-to-date low of $0.00004695.
The daily chart shows that LUNC has crashed this year, falling from a high of $0.0001790 in November to $0.000050. It has dropped below both the 50-day and 100-day Exponential Moving Averages, a sign that bears are gaining momentum.
Terra Luna Classic has also formed a descending triangle pattern, a commonly bearish continuation signal. This pattern includes a horizontal base, currently around $0.00005078, and a descending trendline connecting lower swing highs since January 19.
Therefore, the token is at risk of a strong bearish breakout, with the initial target at $0.00005078. A drop below that level could open the door to further downside, potentially retesting the year-to-date low of $0.00004695.
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🇺🇸 US HOUSE ADVANCES CRYPTO GENIUS ACT, CLARITY ACT & ANTI-CBDC ACT.
INSANELY BULLISH🚀
INSANELY BULLISH🚀
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🇺🇸 US HOUSE JUST CONFIRMED PRESIDENT TRUMP WILL SIGN CRYPTO GENIUS BILL INTO LAW TOMORROW
TRILLIONS INCOMING!!!
TRILLIONS INCOMING!!!
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