{"id":104067,"date":"2023-06-04T13:39:05","date_gmt":"2023-06-04T13:39:05","guid":{"rendered":"https:\/\/dripp.zone\/news\/index.php\/2023\/06\/04\/multiple-resistances-prevent-lunc-price-rally-to-0-0001-whats-next-crypto-news\/"},"modified":"2023-06-04T13:39:07","modified_gmt":"2023-06-04T13:39:07","slug":"multiple-resistances-prevent-lunc-price-rally-to-0-0001-whats-next-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/multiple-resistances-prevent-lunc-price-rally-to-0-0001-whats-next-crypto-news\/","title":{"rendered":"Multiple Resistances Prevent $LUNC Price Rally to $0.0001;  What&#8217;s Next?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-150640\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/04185624\/qotYf6px-e1685885201281.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"LUNC Price\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/04185624\/qotYf6px-e1685885201281.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/04185624\/qotYf6px-e1685885201281-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/04185624\/qotYf6px-e1685885201281-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/06\/04185624\/qotYf6px-e1685885201281-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 13 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Amid the last three weeks&#8217; consolidation, the LUNC price formed a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/descending-triangle\/#:~:text=A%20descending%20triangle%20forms%20in,and%20a%20flat%20support%20line.&#038;text=Trading%20requires%20patience%20and%20a,and%20setbacks%20along%20the%20way.\">descending triangle pattern<\/a> in the 4-hour time frame.  Although this pattern commonly accelerates the supply pressure in an asset, in rare cases, the buyers express higher dominance with the breakout out of its resistance trendline.  Thus, with an 8% price jump today, the LUNC price breaks above the overhead trendline with high volume offering buyers an opportunity to break market uncertainty.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/just-in-binance-delists-terra-classic-lunc-perpetual-futures-contract-selloff-coming\/\">Binance Delists Terra Classic (LUNC) Perpetual Futures Contract, Selloff Coming?<\/a><\/p>\n<h2><strong>LUNC Price Daily Chart<\/strong><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The price range between the $0.000092 and $0.000082 levels stands as a no-trading zone for LUNC.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A bullish breakout from the $0.000092 mark will set the LUNC price on a quick 10% jump.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the LUNC coin is $72 Million, indicating a 396% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"LUNC Price\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/qotYf6px.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/q\/qotYf6px.png\" alt=\"LUNC Price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- <\/span><span style=\"font-weight: 400;\">tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Today, the LUNC buyers offered a high momentum breakout from the triangle pattern and pushed the coin&#8217;s market value to the $0.000092 mark.  This breakout should intensify the underlying bullish pressure and assist buyers to break above the immediate resistance of $0.000094.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">The aforementioned resistance carries a key barrier that carries the current consolidation phase in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/terra-luna-classic\/#:~:text=In%20September%202022%2C%20the%20announcement,LUNC%20USD%20to%20reach%20%240.0005888.\">LUNC price<\/a> and prevents buyers&#8217; attempts to rise higher.  A successful flip above this barrier may prolong the recovery rally by 10% to hit the $0.0001 psychological barrier aligned with the resistance trendline of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/falling-wedge-pattern-what-to-do-if-it-appears-on-a-crypto-chart\/\">falling wedge pattern<\/a>,<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This chart pattern governs the current correction phase in Terra classic coin and may extend the ongoing downtrend until its intact.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.59 --><\/p>\n<h2><b>Will LUNC Price Reach $0.0001?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">With a bullish breakout of the triangle pattern, the LUNC buyers have an opportunity to kick-start a short-term upswing to the $0.0001 mark.  However, this potential rally may face significant supply pressure at $0.000092 resistance and could influence the coin price to continue its sideways trend.  Furthermore, for the Terra classic coin to surpass the $0.0001 mark it needs to complete the wedge pattern.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b><span style=\"font-weight: 400;\">The 200-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">EMA<\/a> Wavering near the $0.000092 level increases the resistance power of this resistance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Relative Strength Index: <\/b><span style=\"font-weight: 400;\">A significant upsurge in the daily <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/rsi-relative-strength-index\/\">rsi slope<\/a> Above the 60% mark indicates high momentum buying in LUNC.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA150640\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD150640\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 13 minutes ago Amid the last three weeks&#8217; consolidation, the LUNC price formed a descending triangle pattern in the 4-hour time frame. Although this pattern commonly accelerates the supply pressure in an asset, in rare cases, the buyers express higher dominance with the breakout out of its resistance trendline. Thus, with an 8% price [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":104068,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-104067","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104067","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=104067"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104067\/revisions"}],"predecessor-version":[{"id":104069,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/104067\/revisions\/104069"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/104068"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=104067"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=104067"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=104067"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}