Terra Luna Classic Crypto Price Prediction - Will LUNC Crash?

Terra Luna Classic (LUNC) is consolidating across the $0.0029 price ranges and has currently misplaced the limelight as the impact of the bull run wears off.

However, the current breakout of the falling wedge pattern does display robustness from the LUNC bulls. As Bitcoin keeps trading below the $20,000 range and is vulnerable to losing further ground, the charge of LUNC remains resilient.

Terra Luna Classic Price Prediction: 

The last buying and selling week for Terra Luna Classic (LUNC) has been risky, seeing highs of $0.0043 all the way down to lows of $0.0024.

At the time of writing this newsletter, LUNC is printing candles around the $0.00293 level. There's an opportunity that we may additionally see a breakout to $0.000335 if the bulls can surpass the $0.00031 resistance trendline.

Over the remaining sector, the price of LUNC has moved up over 1,250%, so a correction has almost become inevitable following the sort of greedy marketplace sentiment and trading euphoria.

As tension coils between the LUNC bears and bulls, the 4-hour time frame is showing formation of a symmetrical triangle pattern which could lead to a price explosion to the upside or potential retracements to lower support levels. 

Terra Luna Classic (LUNC) could efficaciously pump to $0.000335 if the resistance trendline of the triangle is damaged.

Following this, the subsequent technical rate target might bring the price of LUNC as much as $0.00362, which could be an extremely good break for the bulls.

The bearish state of affairs for LUNC is that the guide stage of $0.000279 is retested and lost, and bad price continuation effects in a retest of the decrease help at $0.00000255, wherein the bulls 

would be at chance over again.

Will LUNC Pump?

Terra Luna Classic's price has been corrected to $59,36.So, for LUNC, some distance has proven to be quite normal.

If LUNC can consolidate at those modern-day rate levels and feature sufficient healthy accumulation over the next few weeks supported by sideways buying and selling, we could also see another leg up.

On a daily basis, the price of Terra Luna Classic (LUNC) remains beneath the 20-day moving average, where we can see current rejections.

Typically, this indicates that LUNC is in a short-term downtrend.

If the market flips bullish in October and the following months, we may additionally see a robust reversal for LUNC.

A key rate target for LUNC in October is to retest the $0.00459 charge degree that's aligned with the golden pocket Fibonacci extension stage.