Key Insights:
- LUNC’s price has surged recently, sparking optimism among traders.
- Key resistance levels will determine if LUNC can reach $1.
- Technical indicators suggest LUNC’s bullish momentum may continue in 2025.
Terra Classic (LUNC) became a hot trend in the past few weeks as the price grew steadily from a low of $0.00006046 on April 21, 2025, to a trading price of $0.00006460 as of press time.
The trading volume has also increased by 27.46% in the last 24 hours, as per CoinMarketCap stats.
This surge in volume is a sign that more investors are starting to pay attention to LUNC’s possible measure.
However, while the rising LUNC prices have been strong, they are far from their all-time highs. This could mean LUNC still has time to hit the $1 mark.
Technical Analysis: Evaluating LUNC’s Current Trend
LUNC is trading within an upward channel, as shown in the attached 4-hour chart.
In most cases, this price action signals a bullish trend. If the price stays in the channel, it would be a positive sign.
The price has surged higher since the breakout above the $0.00006046 mark, with a vital resistance level at $0.00006460.
LUNC is now pushing for a break past the channel’s upper resistance levels. If completed, this move could mean that market sentiment is becoming more bullish.
The Money Flow Index (MFI) was 71.18 as of press time. This shows that a solid capital inflow is in conjunction with this price rise.
Additionally, the Average Directional Index (ADX) was valued at 46.52 as of press time as well, showing a strong market trend.
The upward price movement could be more than a temporary bend and shows a solid trend with a high ADX value.
Long-Term Chart Analysis: Projecting LUNC’s Path to $1
Despite the optimism surrounding LUNC’s short-term price action, the long-term chart indicates that the road to $1 is a significant challenge.
The chart suggests that LUNC could follow an ABC corrective wave pattern, typically indicative of a continuation phase in an uptrend.
This pattern indicates that after completing an initial wave (A), a pullback may occur (wave B), followed by another strong uptrend (wave C) as the market builds momentum toward higher levels.
The long-term chart shows that LUNC has experienced multiple phases of accumulation and distribution, with periods of upward momentum followed by consolidation.
Price action has formed a series of higher lows, suggesting buyers are gradually increasing prices.
However, reaching the $1 target requires a substantial breakout, which would need to break through several key resistance levels, including $0.00008495, $0.0001, and beyond.
The first significant resistance level is $0.00008495, which lies just above the current price of $0.00006460.
If LUNC can sustain its upward momentum, it must break through this level before advancing to the next resistance point, $0.0001.
Beyond $0.0001, the next significant resistance lies at $0.0002, which is still far from the $1 target. LUNC would need to continue making higher lows and higher highs to reach these levels.
However, a break above these key resistance points could indicate that LUNC is on its way to achieving more substantial gains.
Achieving $1 will not be easy for LUNC. The long-term chart provides a roadmap for LUNC’s potential path, and while the $1 target is distant, it remains possible if the right conditions align.
One of the key patterns that could facilitate this rise is the ABC corrective wave mentioned earlier.
For LUNC to reach higher levels, it must first complete the current corrective wave, which is identified as wave B in the chart.
If wave B plays out as expected, LUNC could experience a consolidation period before the final push in wave C.
Depending on the overall market sentiment and demand for the coin, LUNC could move toward the $0.0002 level or higher.
However, it is essential to note that such a large-scale move requires continued market support and investor confidence.
Without these factors, it may be difficult for LUNC to break through the key resistance levels and continue higher.