TerraClassic price is currently invincible as the asset is gearing up to regain the lost levels at the earliest. As Coinpedia has reported earlier, the LUNC price is displaying a similar price movement and healing strongly towards $0.00035. The price is currently trading very close to $0.0003 and as the selling pressure is negligible, the probability of rejection is fewer.
The LUNC price has increased by over 135% in the past week and it appears to have seen a similar rise in the current week as well. The asset has just broken out of a bullish trend and hence could see a rise of around 20% in the coming hours. Therefore, if the price manages to trade close above $0.0003, a significant bull run ahead can be predicted.
The LUNC price in the short-term, sliced through the apex of the symmetrical triangle and raised high looking to retest the resistance at $0.0003 at the earliest. However, the LUNC may experience a slight pullback in the next 2 to 4 hours as the RSI is hovering above the resistance and may tend to drop slightly before pulling the next leg up.
In an interesting update, one of the popular exchanges, FTX, suspended deposits and withdrawals for LUNC and USTC in a recent announcement. In addition, the platform will also remove the Anchor Protocol (ANC) for spot and futures trades from September 12.
However, the Terra Classic (LUNC) price does not appear to be impacted by any odds within the crypto space. Therefore, may continue with a firm upswing until it squashes a zero from its value soon.
