LUNC’s Bearishness Sparks Buying Opportunities as Price Hits 7-day Low
Bulls in the Terra Classic (LUNC) market have given up ground to bears over the last 24 hours after failing to break through the $0.00009024 resistance level. Due to the strong negative trend, the LUNC price fell to a new 7-day low of $0.0000863, where support was created. As of press time, LUNC was trading at $0.00008709, a drop of 3.35% from its previous close. During the recession, the LUNC’s market capitalization fell 3.35% to $511,773,113, but its 24-hour trading volume increased by 40.11% to $20,278,746. This price drop and rise in trading volume indicate that traders are taking advantage of market circumstances to acquire LUNC at a discount. LUNC/USD 24-hour price chart (source: CoinMarketCap) The LUNC price chart’s Relative Strength Index (RSI) rating of 36.07 and movement below its signal line reflect the market’s growing selling pressure. This level suggests that the bears are presently in power and that an additional price decline is...