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Intriguing rise in Terra Classic (LUNC)!
Terra Classic (LUNC) surpassed all altcoins with its increase in the last 24 hours.
Despite Bitcoin's (BTC) pullback from $43,500 to $42,800, several altcoins managed to make a sharp move to the upside. The most striking name of these altcoins was Terra Classic (LUNC). The popular coin, which has increased by 9.98 percent in the last 24 hours, has topped the "Top Riders" list. This price move of LUNC, which has been accumulating for a long time, did not bring to mind the questions of "is something going on in the background".
The tough resistance level has not yet been surpassed!
Although LUNC has experienced an effective increase in the last few hours, the fact that it has been rejected from a critical resistance on the daily chart has confused minds. The volume in buy-side transactions was reassuring in terms of upward price movement. However, the failure to break $0.00011474 naturally increased the selling pressure and pulled the price up to $0.00010364.
At the time of writing, the LUNC is changing hands just below an important resistance point, and the good news from the ecosystem could climb to the upper levels if the BTC settles above $43,500 or the BTC dominance eases. In such a scenario, $0.00013647 – $0.00016278 – $0.00019234 – $0.00023217 and $0.00028036 could be targeted, respectively. If things go wrong, drops to $0.00007294 and $0.00005461 could be observed.
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