Post Terra (LUNA) set to recover 12% this week What is in the cards for TerraClassic (LUNC) value? Appeared first on Coinpedia – Fintech & Cryptocurrency News Media| crypto guide
As the crypto space saw an easing of selling pressure, almost all assets saw significant growth. Moreover, BTC price is currently trading above $20,000, which could create a remarkable strength. Therefore, the price of popular sister tokens Terra (LUNA) and TerraClassic (LUNC) is expected to follow a significant uptrend for the next 24 to 48 hours.
Terra (Luna) Price
- Terra (LUNA) price appears to have made a significant comeback as price bounced off lower FIB levels
- The rally took LUNA price above the 0.23 FIB levels and experienced a rejection just below the 0.38 FIB levels.
- Currently, the price is still holding strong near 0.38 and after a minor consolidation, it is expected to slice above these levels and gain $1.9 at the earliest.
- However, the next FIB level at 0.618 appears to be far away and therefore a retracement and a minor consolidation between $1.84 and $2 seem imminent.
TerraClassic (LUNC) Price
- After an extended consolidation inside a symmetrical triangle, TerraClassic price broke the $0.00008 lower support level test
- However, the asset has gained over 20% since its opening trading hours.
- LUNC price is consolidating in the same zone as before and hence a slight delay in breakout can be expected
- A clear break above $0.0001144 could trigger bears, but if the asset stays above these levels, there is a clear path towards $0.000125.