The Terra Classic (LUNC) price breakout is holding steady, indicating potential positive price action for the token.
The Terra Luna Classic (LUNC) community may experience a price rally, given the recent price breakout pattern observed for the token. Last week, CoinGape reported that a community-owned wallet was recommended by Terra Luna Classic core developer Joint L1 Task Force (L1TF) when the LUNC price was at its weekly high. Although the cryptocurrency has since declined steadily, analysts predict potential room for recovery.
The LUNC community is poised for aggressive price action as developers implement significant changes to the network. Crypto experts predict that the Terra Luna Classic (LUNC) price in the current cycle has the potential to achieve an impressive 400% jump, given the ongoing momentum.
Terra Classic (LUNC) Set for 4X Rally?
Javon Marks on Twitter suggests that the LUNC token’s price breakout is currently holding, indicating potential positive price action. The analysis considers the long-term trend of the last 12 months. However, it’s expected that this price rally for LUNC may take several months to materialize. Meanwhile, the cryptocurrency market as a whole is anticipated to witness a blanket rally ahead of the Bitcoin halving event, scheduled for the second quarter of 2024.
The price breakout is holding, indicating the potential for an over 387% run. The current momentum is showing significant increases, suggesting that prices could surge rapidly, even faster than anticipated.
The timeline for LUNC’s price to surpass the $0.0001 barrier is uncertain. Currently, Terra Classic’s market cap is $590,761,083, ranking 83 among the top cryptocurrencies. A 4X jump in price would lead to significant improvement in its ranking, assuming Terra Classic experiences relative market cap growth independently.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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