Rising about 13 percent in the last 24 hours, according to CoinGecko data. Terra Classic(LUNC )managed to attract attention.
Although the rise in LUNC found about 25 percent, there was a reaction sale and a pullback. Despite this withdrawal, it still maintains its strong stance.
Terra Classic ( LUNC ), has risen nearly 100 percent over the past seven days. Still, LUNC investors are wondering whether such a strong rise in LUNC will continue.
Looking at the 4-hour chart, a bullish market structure is seen. Therefore, those who trade on lower timeframes may be bullish and look for buying opportunities. Fibonacci levels (white) showed that $0.00036 could be short-term resistance, while the $0.00033 level could act as support.
A deeper correction to the $0.0003 level (23.6 percent retracement) also looked possible. The relative strength index (RSI) also showed a strong upward movement and came into the over-bullish zone. The balance trading volume (OBV) indicator has also seen a rapid rise in the last few days.
