Terra Classic

Terra

<h2 id="terra-luna-hits-14-month-high-meets-0-0000280-resistance-retraces">Terra Luna hits 14-month high, meets $0.0000280 resistance, retraces</h2>
<ul>
 <li>According to <a href="https://www.coingabbar.com/en/price-analysis" class="f-link" rel="noopener noreferrer nofollow">Coingabbar Technical Analysis</a>, Terra Classic's upward momentum is supported by a rounding bottom pattern, reinforcing its current rally.</li>
 <li>Despite a 9-day consecutive rally, concerns arise as profit booking occurs, leading to three consecutive red candles and a 28% drop in the altcoin's value.</li>
 <li>Bulls struggle to maintain control as the LUNC price succumbs to a bearish influence, following a failure to hold a key level.</li>
 <li>The November rally in <a href="https://www.coingabbar.com/en/crypto-currency/terra-luna-lunc-prices-usd" class="f-link" rel="noopener noreferrer nofollow">Terra Classic</a> (LUNC) sees a cooldown on December 4, with an ongoing pullback occurring within a descending channel.</li>
 <li>LUNC appears poised for a breakout from a descending triangle pattern on the 4-hour chart.</li>
 <li>A sustained pullback could lead to a retest of a two-week-long ascending trendline, presenting an opportunity for bulls to seek a reversal.</li>
 <li>If the price remains above the $0.000250 support level, momentum may resume, targeting a resistance level of $0.0002800, and potentially, $0.0003200.</li>
 <li>Conversely, increased bearish influence could drive the LUNC price down to test the $0.0001950 support level. Further dominance by bears may lead to a test of the lower support level at $0.0001550 in the future.</li>
</ul>
KEY LEVELS : 
RESISTANCE LEVEL : $0.00021400-$0.00022500 
SUPPORT LEVEL : $0.00019500-$0.00018000 
Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.

TERRA CLASSIC Tumult: Is Price on the Brink of a Catastrophic Collapse

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