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Terra Classic Price Analysis: Bearish Pattern Plots $LUNC Price Crash $0.00007; Sell or Hold?

source-logo  coingape.com 02 June 2023 16:44, UTC

Terra Classic Price Analysis: Over the past three weeks the LUNC price witnessed a lack of dominance from both bulls and bears leading to a narrow range formation. Responding to the broader market uncertainty, the coin price still continues to resonate within the $0.000094 to $0.000082 levels. However, taking a closer look at the lower time frame chart this consolidation phase shows the formation of a bearish pattern called descending triangle giving an extra edge to market sellers.