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Analyst Javon Marks believes that the Terra Classic bullish breakthrough may be in its early stages, projecting a further 63% gain to potentially hit $0.00021439.
Terra Classic’s price has soared to new post-breakout highs, sparking considerable interest among investors and analysts with its impressive performance. According to crypto analyst Javon Marks, this breakout could indicate a potential upward surge of another 63%, targeting a price of $0.00021439.
Such a rise would represent a remarkable pace, suggesting that the current rally might only be in its early stages.
$LUNC (Terra Classic)'s price SURGES again, setting new post-breakout highs in a run that may only be in extremely early stages!
This specific breakout can call for another +63% move to $0.00021439 and it could come at an unprecedented pace!
That might only be the start of… https://t.co/TroQGx9fV3 pic.twitter.com/WFhniGMs6J
— JAVON⚡️MARKS (@JavonTM1) May 30, 2024
LUNC/USDT Price Movements
A detailed examination of the LUNC/USDT pair shows a descending trendline with multiple touches, indicating resistance. This resistance has been evident since early March when the price reached a high of approximately $0.00025000 zone.
Throughout this period, the trendline applied considerable pressure on the LUNC market, pushing the price to a low of roughly $0.00007000. Despite the prevailing downward trend, LUNC eventually broke above the descending trendline, indicating a potential bullish reversal.
Consequently, Javon Marks has monitored this breakout, indicating that it could merely mark the beginning of a much larger upward movement.
LUNC/USDT to $0.00021439
Marks has repeatedly referenced the price goal of $0.00021439 in several assessments, identifying it as a crucial level to monitor in the coming weeks. He is confident that the LUNC bullish breakout is targeting this level and will occur in the near future.
Furthermore, in another analysis by The Crypto Basic, the same analyst, Marks, noted that LUNC might shatter his initial $0.00058046 objective to hit the second target of $0.00098584, noting the recent advance to its all-time high.
According to the analysis, following this, Terra Classic is anticipated to reach a high of $0.001391. This marks a 1,134% increase from its present price of $0.0001172. Meanwhile, in a different report published by The Crypto Basic, experts in the industry forecast that the Terra Classic token will surpass $0.000200 in the coming months.