In a recent X post, Crypto analyst Javon Marks highlighted a bullish structure forming on the LUNC price chart. According to Marks, LUNC has recently broken out of a massive consolidation pattern and is now confirming bullish signals across volume trends and price divergences.
He highlighted that this reversal could spark a more than 555% climb to $0.0004295, adding that past setups suggest the move could happen faster than many expect.
Earlier, Marks had forecasted an even steeper potential rise of around 590%, highlighting how the token’s technical setup differs from that of many altcoins currently on the market.
Despite the renewed optimism, not everyone is convinced a breakout is imminent. Another analyst has raised concerns about LUNC’s slow movement compared to other altcoins that have recently increased in value.
However, supporters of Terra Classic are still optimistic. The token gained 10% this week, and its price is about 10% lower than its three-year high. Many people see this price range as a good chance to buy more.
