LUNA price after a significant brawl with the bears finally, jumped out of consolidation to surge nearly 30% since the early trading hours. On the other hand, LUNC & USTC prices have also made large moves, indicating the resurgence of a bullish trend. However, now that the top 2 cryptos are trembling down, will these assets also lose their grip over the uptrend?
TerraClassic(LUNC) Price Analysis
LUNC price broke out of the accumulation phase in the early trading hours and by forming a couple of bullish flags surged more than 70% in early trading hours
The asset received a huge influx of buying volume that elevated the price from $0.00005893 to as high as $0.000101
Presently, the asset is experiencing a small price drain, but the uptrend may continue after a brief correction as it faced rejection at $0.0001 levels
The asset appears to be pretty bullish and hence the prices may close the day’s trade above these levels and may also remain bullish until the month-end
Terra(LUNA) Price Analysis
Similar price action is been witnessed with the LUNA price as the asset has broken out from a bull flag a couple of hours before
The price after a steep upward movement is currently undergoing a correction as an outcome of rejection faced just above $2.7
The consolidation between $2.47 and $2.51 may continue for a while, until the next leg up that may raise the price close to $3
Therefore, the price may again form a bullish flag after a minor consolidation and eventually break out in the next 24 hours
At the press time, TerraClassic(LUNA) price stands at $0.00009107 with a jump of 54.67%, Terra (LUNA) price is at $2.52 with a surge of 27.64% and TerraClassicUSD (USTC) price is $0.0369 with a jump of 249.56%.