LUNC/USD May Find Its New Support at the $0.00020516 Price Level

As the price of LUNC/USD nosedives, buyers are trying to salvage the market and as a result buying pressure makes the market consolidate. However, the buyers’ effort did not seem enough as the market began to drift slowly to lower price levels. In the market today, we see signs that the trend may reverse and favour the buyers as the market finds support at $0.00020516.

 Terra Classic Market Price Statistic:

• LUNC /USD price now: $1.323
• LUNC/USD market cap: $1,700,635,648 
• LUNC /USD circulating supply: 6,151,000,000
• LUNC /USD total supply:6,904,017,889,662
• LUNC /USD coin market ranking: #35

Key Levels

• Resistance: $0.00031534 $0.00033534, $0.00035534
•  Support: $0.00016257, $0.00011482, $0.00009847

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Terra Classic Market Price Analysis: The Indicators’ Point of View

The outlook of the MACD histogram is a bearish one even as the bulls try to hinder further fall in price. However, in today’s market, we see that the bearish momentum is reducing. And the direction of the MACD line is changing as the market finds a new support level. The Relative Strength Index confirms this same sentiment in its indications. The fast line has quickly retraced back to the midpoint at 51% of the market strength.

Terra Classic: LUNC/USD 4-Hour Chart Outlook 

Traders began to buy in the second session of today’s trading activities. This was followed by a very strong bullish candlestick that left a space between itself and the previous candlestick. The space between these two candles is very significant as it portrays strong buying pressure. The MACD histogram has changed into a bullish one as the fast line crosses the slow line below level zero. And because of the very bullish market move the RSI line in this point of view is getting close to the overbought region.

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