- On the chart, LUNC bounced off the support level of above the $0.00004785 after a decline of 11.6% on a day to day basis.
- The nearest resistance is at $0.0000582 with the bigger resistance at $0.00005915 to $0.00010897.
- Its price traded at $0.00004791 with a 14.3 percent movement relative to Bitcoin, and this shows a broad range of tracking in the short run.
Terra Luna Classic experienced a less than brief recovery upon its reach to a critical support zone as the market witnessed a slight rebound that continued to hold the token at the level of above the $0.00004785. This action was after a steep drop of 11.6% per day, even though LUNC was at $0.00004791 as the trading gained some ground. The two also indicated a 14.3% change against Bitcoin thereby increasing the interest of the short-term setup.
This reversal was building as the chart showed a definite trend towards a number of overheads, and traders were still awaiting the possibility of momentum being able to push to resistance at $0.0000582. As the session continued, the chart showed possible targets ranging between $0.00005915 and $0.00010897 which was a large range being observed now in the event of continuation.
The response at $0.00004785 helped support the initial change in direction and the chart indicated a small upturn starting thereafter. The bounce occurred following a number of pressure sessions, but the market continued to hold the level with quite a bit of consistency. This stability provided the ground on which traders went back to the near neighborhood of resistance close to the area of $0.0000582. Also, the movement was consistent with the previous bounce observed on the chart where LUNC is trying to move away from its recent low.
Resistance Levels Remain Central to Market Tracking
The resistance band at $0.0000582 now stands as the first reference for continued movement, and the chart presents the next markers at $0.00005915, $0.00007815, $0.00009007, and $0.00010897. These levels offer structured checkpoints as traders evaluate the strength of any continuation from the recent rebound.
Moreover, the slight dislocation between market price and these targets gives the market a layered structure for monitoring intraday action. The spread between the support and the highest target also highlights a wide technical range, adding importance to each resistance step.
Market Behavior Guides Focus on Wider Price Range
The current setup shows a defined stretch between $0.00004785 and the upper targets, and traders continue to monitor how momentum develops through this zone. Each upward test will guide the next area of interest, especially as the chart displays consistent spacing between levels.
However, the daily decline still shapes the broader tone, and the market remains centered on how LUNC behaves near the initial resistance. This structure keeps attention on the unfolding price path through the $0.00005915 to $0.00010897 range, and it frames the short-term outlook as trading activity continues.
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