Amid the waning bullish momentum, the crypto market is witnessing high volatility which triggered a consolidation phase in the majority of major coins. Thus, the Terra Classic price stalled its recovery at $0.000137 resistance, projecting an early sign of bearish reversal. Will the LUNC price $0.0001 loss again?
Also Read: Terra Luna Proposes Establishing Deep Stablecoin & Cosmos Liquidity, USTC Price Up 38%
Bullish Pattern Hints LUNC Price to Prolong Recovery
LUNC Price| Tradingview
The LUNC coin picked up sufficient recovery momentum in February when the price rebounded from the bottom support of $0.0009185. The positive upswing surged the altcoin 53.6% in two weeks to hit a high of $0.000137.
This recovery backed by increasing volume and occasional pullback reflects sustainable growth. However, with the leading cryptocurrency Bitcoin struggling to surpass the $52000 barrier, the altcoins sparked a potential of a fresh correction trend.
With an intraday 0.36% loss, the LUNC pri
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