LUNC Price Rallied 400%, Analyst Predicts Further 270% Upside on Breakout
Terra Luna Classic (LUNC) price is set for more than 270% gains for a target price of $0.00058046 due to bullish pennant pattern formation.
STORY HIGHLIGHTS
Analyst predicts further 270% upward movement in LUNC after 400% rally in last few months.
Massive bull pennant pattern formation signals target price of $0.00058046.
Terra Luna Classic community stays afloat on chain developments.
Terra Luna Classic (LUNC) price has recorded 180% gains this year and 400% rally since October last year amid chain developments and support from the world’s largest crypto exchange Binance. An analyst predicts there’s still more than 270% upward movement left in LUNC due to the formation of a bullish pattern.
LUNC Price to Set for 270% Rally
Analyst Javon Marks in a post on the X platform revealed that LUNC price still has further upside movement and the rally has not stopped yet. Terra Luna Classic price is set for more than 270% gains amid the bull market.
He predicts a target price of $0.00058046 as the next bullish breakout to take prices on a monumental run. The price prediction is based on the formation of a massive bull pennant pattern in the long timeline. He expects a breakout coming in mid-April, which coincides with the Bitcoin halving, for LUNC price to move towards the $0.0005 level.
Meanwhile, the next major resistance for LUNC is at 0.0002. LUNC price hit a high of $0.000255 in early March and is expected to hit the mark again amid the bull market. The $0.00015 is a local support.
The net LUNC and 1000LUNC futures open interests to be at $40 million on average. In the last 4 hours, futures OI has increased by 2%.
Also Read: LUNC News: Terra Classic Community Vows to KYC; 105 Billion LUNC Burned
Terra Luna Classic Developments
The Terra Luna Classic community successfully performance the major upgrade earlier this week. The community believes LUNC price can hit $1 in this bull run, especially after the successful v2.4.2 upgrade
