- LUNC trades around $0.000062 with resistance at $0.00006440 capping upside momentum.
- Price forms a rising wedge pattern with support at $0.000059–$0.000060 under pressure.
- Momentum indicators turn neutral as bulls await breakout above $0.0000645 for confirmation.
Terra Classic (LUNC) is consolidating near $0.000062 after a recent relief rally failed just under the $0.000064 resistance level.
The 4-hour chart shows price floating above both the 50-EMA and 200-EMA, but upward momentum is weak. Bollinger Bands are narrowing, hinting at a volatility squeeze. A descending trendline resistance near $0.00006440 continues to cap gains, according to technical indicators.
Intraday Pattern Shows Rising Wedge, Key Support Tested
On shorter timeframes, a rising wedge pattern appears to be forming with visible demand between $0.000059 and $0.000060.
If this support breaks, price may revisit the $0.0000591 liquidity zone. Reclaiming $0.0000645 remains critical for any upward push, with $0.00006750 as the next upside zone to test.
May Outlook: Range-Bound or Reversal?
Looking at daily and weekly charts, LUNC shows continued indecision, remaining largely range-bound between $0.000059 and $0.000064 over the past few weeks. While the 4-hour chart shows the 20-EMA and 50-EMA attempting to cross above the 200-EMA, signaling a short-term bullish structure shift, this is not yet confirmed.
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Meanwhile, the MACD histogram is losing momentum, and the Stochastic RSI has started turning lower after reaching overbought levels, suggesting that upside pressure may be fading.
From a broader view, LUNC is still trading well below the 0.786 Fibonacci level at $0.000081. Key recovery zones remain distant at $0.000117 and $0.000137. Without volume expansion, these levels are unlikely to be revisited in the near term.
Will LUNC Buyers Step Up or Let $0.000060 Slip?
Terra Classic will likely remain within its current tight trading range in early May if volume and momentum do not pick up. A confirmed breakdown below the $0.000060 support could lead to further declines towards the $0.000056–$0.000059 area.
Conversely, reclaiming $0.0000645 with strong volume could propel LUNC towards the $0.000067–$0.000071 resistance zone. For now, the $0.0000590–$0.0000645 corridor is the critical pivot range for LUNC.
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