Markets
Market Expert Predicts Terra Classic to Jump 63% to $0.0002143
Analyst Javon Marks believes that Terra Classic’s bullish breakout may be in its early stages, projecting a further 63% gain to potentially reach $0.00021439.
Terra Classic price reached new highs after the breakout, attracting considerable interest among investors and analysts thanks to its impressive performance. According to crypto analyst Javon Marks, this breakout could indicate a potential upside of another 63%, targeting a price of $0.00021439.
Such a rise would represent a remarkable pace, suggesting that the current recovery may only be in its early stages.
$LUNC (Terra Classic) price has risen again, setting new post-breakout highs in a run that may still be at an extremely early stage!
This specific breakout may require another +63% move to $0.00021439 and it could happen at an unprecedented rate!
This may just be the beginning of… https://t.co/TroQGx9fV3 pic.twitter.com/WFhniGMs6J
– JAVON⚡️MARKS (@JavonTM1) May 30, 2024
LUNC/USDT price movements
A detailed look at the LUNC/USDT pair shows a descending trendline with several touches, indicating resistance. This resistance has been evident since early March, when the price reached a high of around $0.00025,000.
Throughout this period, the trendline put considerable pressure on the LUNC market, pushing the price to a low of around $0.00007000. Despite the prevailing downtrend, LUNC eventually broke above the descending trendline, indicating a potential bullish reversal.
Therefore, Javon Marks has been monitoring this breakout, indicating that it might just mark the start of a much larger upward move.
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LUNC/USDT at $0.00021439
Marks repeatedly referenced the $0.00021439 price target in several assessments, identifying it as a crucial level to watch in the coming weeks. He is confident that the LUNC bullish breakout is targeting this level and will happen in the near future.
Moreover, in another analysis According to The Crypto Basic, the same analyst, Marks, noted that LUNC could break its initial target of $0.00058046 to reach the second target of $0.00098584, noting the recent move towards its all-time high.
According to the analysis, Terra Classic is next expected to reach a high of $0.001391. This represents a 1,134% increase from its current price of $0.0001172. Meanwhile, in another report published According to The Crypto Basic, industry experts predict that the Terra Classic token will surpass $0.000200 in the coming months.
Disclaimer: This content is informational and should not be considered financial advice. The opinions expressed in this article may include the personal opinions of the author and do not reflect the opinions of The Crypto Basic. Readers are encouraged to conduct thorough research before making any investment decisions. Crypto Basic is not responsible for any financial losses.
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