The LUNC coin approaching the peak of an ascending triangle pattern indicates a price breakout is nearby. Amid the ongoing recovery sentiment in the market, an upside breakout from the pattern’s neckline resistance will release the bullish momentum. Here’s how this continuation pattern may influence the future price of the Terra classic coin.
Key Points:
In theory, the ascending triangle pattern bolsters a steady growth in bullish momentum.
A bullish breakout from the pattern’s neckline will trigger a directional rally for LUNC
The intraday trading volume in the LUNC coin is $124.3 Million, indicating a 47.7% loss.
Source- Tradingview
While the majority of major cryptocurrencies have experienced exponential growth since 1st January 2023, the Terra classic coin price continues to struggle in uncertainty. For over two months, this altcoin has traveled in a sideways trend, struggling to surpass the $0.000185 barrier.
During the lateral walk, the LUNC price has shown multiple faile
We współpracy z: https://coingape.com/markets/heres-why-terra-classic-coin-is-yet-to-play-its-part-in-recovery-phase/
