The crypto market cap after a pretty long wait has regained its lost levels above $1 trillion as the Bitcoin market cap approaches $500 billion and Ethereum $180 billion. Usually, Terra(LUNA) & TerraClassic(LUNC) prices consolidate while the top cryptos jump into action. However, the sister tokens currently appear to have followed the market trends, absorbing significant bullish momentum.
Terra (LUNA) Price
The LUNA price after following an extended consolidated trend, surged significantly high ranging beyond the 200-day MA levels
The bears are attempting to drag the price back below these levels, but bulls appear to be well in place, poised to uplift the price to $2 soon
The prices are expected to consolidate for a while and after accumulating significant strength may resume with a firm upward movement
However, unless the LUNA price surpasses the crucial resistance levels at $2.2, fewer chances of maintaining the upswing emerge.
TerraClassic (LUNC) Price
LUNC price on the other hand has hardly made any huge moves but still maintains its swing within a symmetric triangle
The prices are yet to reach the apex and hence the current consolidation may prevail until the mid-week
However, the possibility of a breakout may occur any time from now, but eventually, it is a short-lived
The LUNC price appears to have to aim at $0.00012 and securing levels above may ignite a significant upswing towards the higher targets