Terra Luna Classic (LUNC) is ravenously batting through a bullish-reversal pattern known as a falling wedge. Over the last 24 hours the bulls are gathering momentum once again and buyers are starting to move in to slow down the fall.
Will Terra Luna Classic repossess the $0.0003 price level?
Terra Luna Classic (LUNC) Price Prediction
At the time of writing this article Terra Luna Classic (LUNC) is trading at $0.000265, according to CoinMarketCap, and now has a market capital of $1.63 billion.
Trading volume has slipped away slightly on the Binance exchange as the anticipated 1.2% supply burning mechanisms were not deployed and FUD surrounding Do Kwon led to a further decrease in price - reducing investor appetite.
Despite the bearish news, Terra Luna Classic is trading within a rather bullish looking pattern.
As we can see LUNC is constantly getting rejected on the 20-day moving average, this type of recoil is preventing LUNC incepting in a new uptrend.
Residing within the falling...
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