-
Terra Classic price rebounded from a key support zone, triggering a fresh upswing backed by strong buying pressure and rising volume
-
Sellers continue to dominate the $0.0001 range, making it a crucial resistance barrier that bulls must overcome to unlock higher targets
The Terra Classic price is showing renewed strength as improving market sentiment and a sharp surge in trading volume fuel bullish momentum. Buyers continue to defend crucial support levels, helping the token maintain a pattern of higher highs and higher lows, signalling possible accumulation. LUNC has rallied over 10% to trade near $0.00009, while trading volume has jumped by more than 160%. Meanwhile, ongoing burn initiatives and ecosystem developments continue to support positive community sentiment and speculative interest.
With the price now approaching the key $0.0001 resistance zone, can the bulls trigger a breakout and push LUNC toward higher targets?
Terra Classic Price Approaches Decisive Breakout Area
The daily chart suggests Terra Classic is trading within a crucial demand-and-supply range, where both buyers and sellers remain highly active. After rebounding from the strong demand zone near $0.000073, the price is gradually climbing toward the immediate resistance zone around $0.0001, which has repeatedly attracted selling pressure in recent weeks.
The rising series of higher lows indicates that buyers continue to accumulate at lower levels, while the Chaikin Money Flow (CMF) remains above the baseline, signaling sustained capital inflows into the asset. In addition, trading volume has stayed elevated during the recovery phase, reinforcing the strength behind the ongoing rebound.
However, the $0.0001 to $0.00011 range remains the biggest hurdle for the bulls. A successful breakout and daily close above this zone could invalidate the short-term bearish pressure and open the doors for a rally toward the upper resistance near $0.00014. On the other hand, failure to clear this supply area may trigger another pullback toward the key demand zones below $0.00008.
Can the LUNC Price Break Above $0.0001?
The Terra Classic (LUNC) price is approaching a crucial resistance zone near $0.0001, where sellers have consistently capped bullish rallies in recent weeks. Meanwhile, buyers continue to defend the lower support range with strong volume, signaling sustained accumulation and improving market confidence. The bulls appear to be gradually gaining control as the token continues to absorb selling pressure without a major pullback. As a result, LUNC seems poised for a potential breakout above $0.0001, provided the buying momentum continues to strengthen in the short term.
