In the past 24 hours, Terra Classic (LUNC) has shown signs of recovery after facing selling pressure earlier in the day. The token is currently trading at around $0.00012957 as buyers fight to keep the price above key support levels. With the RSI Divergence pointing toward positive momentum and the EMAs offering dynamic support, LUNC could be gearing up for its next move.
LUNC Price Action: A Resilient Bounce Back
LUNC started the day on a bearish note, dipping toward the 100 EMA level of $0.00012799. However, the price quickly rebounded, showing resilience as buyers stepped in. At $0.00012957, LUNC is down by 3.06%, suggesting that the recent bearish momentum may be fading.
The next key resistance lies at $0.00013046, the 20 EMA. If LUNC manages to break through this level with strong volume, it could open the path toward the $0.00013500 zone.
RSI Divergence Hints at Bullish Momentum
The RSI Divergence (5, 14) currently stands at 6.18, indicating a bullish signal. This positive divergence suggests that despite the recent pullback, buyers are gaining momentum. If the RSI continues to rise, it could confirm a potential trend reversal, reinforcing the likelihood of further gains in the short term.
EMA Levels: Key Indicators to Watch
LUNC is trading above the 100 EMA ($0.00012799), which serves as a critical support level. The 50 EMA ($0.00013046) now represents immediate resistance. A decisive move above the 50 EMA could see the price test the 20 EMA ($0.00013058) and beyond. Conversely, failure to hold above the 100 EMA could push the price toward the 200 EMA support at $0.00012394.
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LUNC’s price movement in the last 24 hours highlights the ongoing battle between bulls and bears. While the RSI divergence and dynamic support levels favour buyers, a breakout above $0.00013046 is essential to confirm bullish momentum.
