The daily chart shows that Terra Luna Classic peaked at $0.0001793 in December before crashing by over 57% to $0.000076. The coin has broken below the ascending trendline connecting the lowest levels since August 2024.
Terra Classic’s 50-day and 100-day Exponential Moving Averages have also made a bearish crossover. It also formed a head and shoulders chart pattern, while oscillators like the Relative Strength Index and the MACD indicators have continued falling.
Given these factors, the LUNC price is likely to continue its downtrend, with the next key target being $0.000050, its lowest point in 2024. This bearish outlook would be invalidated if the price rises above the ascending trendline.
