Terra Classic (LUNC) has spent the past 24 hours battling at a key decision point, where neither bulls nor bears have managed to take full control. The price, hovering around $0.00005936, reflects indecision in the market, with investors closely monitoring whether the token can break above resistance or slide back into the support zone.
Support Zone Under Pressure
The purple zone on the chart highlights a critical support area around $0.00005800. Buyers have defended this level repeatedly, preventing deeper losses. If this support weakens, LUNC could test $0.00005600, exposing the market to stronger selling momentum. For now, bulls are working to keep this line intact as the foundation for another potential bounce.
Resistance Creates a Ceiling
On the upside, sellers have placed heavy pressure around $0.00005988 to $0.00005996, keeping the price capped just below the $0.00006000 mark. A decisive close above this region would signal renewed strength, potentially opening the door toward $0.00006200 and even $0.00006400. Until then, the descending trendline continues to weigh on bullish momentum.
The clustered exponential moving averages (20, 50, 100, and 200) between $0.00005977 and $0.00005996 emphasize the current consolidation. This compression of averages suggests that a strong directional move could be on the horizon once a breakout occurs. Meanwhile, the RSI divergence indicator, sitting at -6.05, signals bearish dominance, but its tendency for sharp reversals means oversold conditions could soon give bulls an opening.
Related article: LUNC Battles to Hold Ground at $0.00005870: Can Terra Classic Avoid a Steeper Decline?
What Comes Next for LUNC?
The short-term outlook hinges on two critical levels: resistance at $0.00006000 and support at $0.00005800. A breakout above resistance would encourage bullish traders to push toward the mid-$0.00006 region, while a failure to hold support could trigger another round of selling pressure.
Final Thoughts
Terra Classic finds itself in a tight range, with both sides waiting for confirmation before committing fully. The next 24 hours could prove decisive as the token faces a make-or-break moment between consolidation and a sharp move. Traders should prepare for heightened volatility as momentum builds.
