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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.