Terra Classic

Bitcoin

Show

Optimism

Terra

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/investors-show-optimism-as-bitcoin-surpasses-67000/" data-wpel-link="internal">Investors Show Optimism as Bitcoin Surpasses $67,000</a><br></p>
<p style="text-align: justify">As the leading cryptocurrency <strong><a href="https://en.coin-turk.com/exploring-the-impact-of-global-events-on-cryptocurrency-markets/" data-wpel-link="internal">Bitcoin</a> (BTC)</strong> price surpassed $67,000, investor optimism has been rising since last week when cryptocurrencies began to recover. Lower market cap altcoins like Terra Classic have seen notable gains. However, the LUNC price prediction may signal a dip before a rise.</p> 
<h2 id="uptrend-in-lunc">Uptrend in LUNC</h2> 
<p style="text-align: justify">Experts suggest that <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> might see another correction before Terra Classic rises 26% to $0.0001474. Last week’s bullish outlook for <strong>Terra Luna Classic</strong> could be a sign calling sellers back into the market. However, a correction occurred due to congestion at the $0.00011 level, an area supported by the 200-day exponential moving average (EMA).</p> 
<p style="text-align: justify">The pullback in the cryptocurrency also formed part of a rising triangle pattern, confirming trend line support. Although seen as a key demand zone around $0.0001, a larger recovery targeting resistance at $0.000117 might be necessary. Additionally, investors might target areas just above $0.000117 for buy orders following the triangle’s confirmation. Experts suggest a 26% rise, equal to the distance between the formation’s lowest and highest points, could bring the <strong>LUNC</strong> price to $0.0001474.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353621 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/lunb.jpg" alt="" width="906" height="492"></p> 
<h2 id="2024-prediction-for-lunc">2024 Prediction for LUNC</h2> 
<p style="text-align: justify">Such a move is likely to trigger FOMO, especially as the community focuses on increasing the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">ecosystem</a>‘s network efficiency. Improving the values of LUNC and USTC is also a major concern and could gain momentum, indicating a 2024 bull run as cryptocurrency prices rise. The sell signal from the moving average convergence divergence indicator could support the correction from last week’s peak levels. Attention might be needed on the MACD line and the signal line below the neutral zone.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/investors-show-optimism-as-bitcoin-surpasses-67000/" data-wpel-link="internal">Investors Show Optimism as Bitcoin Surpasses $67,000</a></h5>

Investors Show Optimism as Bitcoin Surpasses $67,000

Table of Contents

COINTURK NEWS

Other articles published on May 20, 2024

White paper that birthed crypto ZK-proofs receives IEEE ‘Test of Time’ award

Crypto Outlook: Key Project Developments to Watch In May?

Do users really care about decentralization? Industry figures clash

Grayscale CEO Michael Sonnenshein Steps Down, Peter Mintzberg Appointed As Successor

Crypto Analyst Sounds Warning Alarm For Potential 50-60% Crash In Chainlink Price, Here’s Why

Crypto Point-of-Sale Terminal | Lunu INTERVIEW

Join our free newsletter for daily crypto updates!