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LUNC/USD May Find Its New Support at the $0.00020516 Price Level

Terra Classic Price Analysis for 26th of September: LUNC/USD May Find Its New Support at the $0.00020516 Price Level

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Terra Classic Price Analysis for September 26: LUNC/USD May Find New Support at $0.00020516

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Terra Classic Price Analysis for September 26: LUNC/USD May Find New Support at $0.00020516

With LUNC/USD prices, buyers are trying to save the market and as a result buying pressure is causing the market to consolidate. However, the buyers’ effort did not seem to be enough, as the market slowly began to drift to a lower price level. We are seeing signs in today’s market that the trend may turn in favor of buyers with market support at $0.00020516.

Terra Classic market price statistics:

  • LUNC /USD price now: $1.323
  • LUN/USD market cap: $1,700,635,648
  • LUNC /USD circulating supply: 6,151,000,000
  • off /USD total supply: 6,904,017,889,662
  • LUNC /USD Coin Market Rank: #35

Key levels

  • Resistance: $0.00031534 $0.00033534 $0.00035534
  • Support: $0.00016257, $0.00011482, $0.00009847

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Terra Classic Market Price Analysis: An Indicators Perspective

The outlook on the MACD histogram is bearish, although the bulls are trying to prevent the price from falling further. However, we see in today’s market that the downward momentum is waning. And the direction of the MACD line changes when the market finds a new support level. The relative power index confirms this same opinion in its references. The high-speed line has quickly returned back to the center to 51% of the market power.

Terra Classic Price Analysis for September 26: LUNC/USD May Find New Support at $0.00020516

Terra Classic: LUNC/USD 4-Hour Chart View

Traders started buying in the second session of today’s trading. This was followed by a very strong bullish candlestick that left space between itself and the previous candlestick. The space between these two candles is very significant as it depicts strong buying pressure. The MACD histogram has turned bullish when the fast line crosses the slow line below the zero level. And due to the very bullish market movement, the RSI line is approaching the overbought area in this perspective.

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