![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
![]() |
|
Cryptocurrency News Articles
The Terra Classic (LUNC) price is currently trading near $0.0000707, attempting to stabilize after a vertical rally earlier in May
May 14, 2025 at 08:30 pm
The token recently surged from the $0.00005600 zone to as high as $0.00007290, flipping key resistance zones and completing a symmetrical triangle breakout
Terra Classic (LUNC) price showed early signs of exhaustion on Wednesday as the token faced Fib resistance.
LUNC price attempts to retest breakout zones.
On-chain metrics suggest a potential cool-off phase.
Terra Classic (LUNC) price showed early signs of exhaustion as it attempted to stabilize above the crucial breakout zone. The token is currently trading near $0.0000707.
Earlier in May, LUNC price rallied vertically, flipping key resistance zones and completing a symmetrical triangle breakout on both the 4-hour and daily charts. This move was part of a broader altcoin rally, and the next pivotal area for bulls is the 1.618 Fib extension.
LUNC price broke out clearly above the $0.00006600-$0.0080 supply zone, with the token tapping the 1.618 Fibonacci extension near $0.007236 before facing resistance. However, this spike is now showing early signs of exhaustion as price attempts to retest former breakout zones.
LUNC Price Bullish Breakout Faces Exhaustion: What next for May?
From a trend structure perspective, LUNC remains bullish in the short term. The 4-hour chart shows strong confluence between the rising trendline and horizontal support at $0.00006600, while the Bollinger Bands have expanded following the volatility spike. RSI on the same chart reads 59.88—hovering just below overbought levels, indicating a potential cool-off phase.
MACD histogram on the 4-hour timeframe has flattened, with the signal and MACD lines beginning to converge, hinting at a potential momentum loss. Meanwhile, the Stoch RSI has crossed downward from overbought territory (currently at 77.95 and 80.30), further confirming slowing bullish pressure.
The Ichimoku Cloud remains bullish with price trading above the cloud and Tenkan-sen, but the lagging Chikou span is approaching resistance from prior price structure—a possible drag if momentum wanes.
Looking at the daily chart, the 1.618 Fib extension at $0.007236 aligns as the next major upside ceiling, while the breakout zone around $0.06650 is expected to act as the primary support. A clean break above $0.007300 could open the gates to $0.007800 and $0.008100. However, failure to hold $0.06650 would expose LUNC to a retest of $0.006300 or even the rising base near $0.006000.
Why Terra Classic (LUNC) Price Going up Today?
The surge in LUNC price today was largely driven by a sustained breakout from a months-long consolidation pattern. The recent bullish push coincided with higher volumes, consistent with the breakout from the descending triangle and horizontal congestion zones visible since late March.
The EMAs (20/50/100/200) on the 4-hour chart show bullish alignment, with the 20-EMA ($0.006899) acting as dynamic support. Moreover, the Terra Classic (LUNC) price action shows that each pullback since May 10 has been bought aggressively, highlighting strength in the bullish base.
Still, with most short-term indicators nearing overbought conditions, there is risk of near-term LUNC price volatility, especially if momentum slows further.
May 2025 Outlook: Will Terra Classic Extend Toward $0.000080?
For the remainder of May 2025, the LUNC price is likely to remain volatile between $0.00006600 and $0.00007300, unless a major macro catalyst intervenes. If bulls can manage to defend the $0.00006600-$0.00006800 region and push price above the 1.618 Fib, the next upside targets are in the $0.00007800-$0.00008100 zone. On the downside, any daily candle close below $0.00006300 would signal a trend reversal, risking a deeper correction toward the $0.00006000 or $0.00005800 levels.
The upcoming few sessions will be crucial in determining whether this is a healthy consolidation above the breakout zone or a prelude to a deeper retracement. Traders should keep an eye on MACD crossover strength and RSI divergence on the 4-hour chart for directional clues.
Terra Classic
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
-
-
- Crypto lending has undergone a seismic transformation since the collapses of 2022 and 2023
- Jun 07, 2025 at 07:30 pm
- In its April 2025 report, Galaxy Research offers a comprehensive analysis of how the ecosystem has evolved – from the fall of centralized lenders to the resilience of decentralized protocols
-
-
-
-
- Bitwise's NEAR ETF filing signals growing institutional interest, joining a wave of pending crypto ETF proposals.
- Jun 07, 2025 at 07:20 pm
- Bitwise's NEAR ETF filing signals rising institutional interest in altcoin-based investment products. Near Protocol aims to solve the blockchain dilemma with scalability, security, and decentralization.
-
- Bitwise Asset Management Files for a Spot Near Protocol (NEAR) Exchange-Traded Fund (ETF) with the U.S. Securities and Exchange Commission (SEC)
- Jun 07, 2025 at 07:20 pm
- The move, disclosed in a May 6 registration statement, positions Bitwise among a growing wave of asset managers racing to gain regulatory approval for altcoin-based ETFs.
-