- Terra Classic (LUNC) shows strong bullish potential, with targets linked to Fibonacci extensions and significant community-driven optimism.
- Recent developments and governance improvements support LUNC’s potential for major growth and long-term breakout opportunities.
Alan Santana, a crypto analyst, has provided a detailed analysis of Terra Classic (LUNC) on TradingView, outlining its short- and long-term potential. Santana claims that although LUNC’s present path is not mostly dependent on short-term goals, these standards nevertheless apply for couples with notable upward first targets.
LUNC: Fibonacci-Driven Path to Potential ATH
Santana underlined how the 2.618 Fibonacci extension of the last market cycle, projected at $0.001468, determines the All-Time High (ATH) potential for LUNC.
From its existing levels, this figure shows an amazing 980% profit potential. Santana listed important benchmarks for the short term at $0.000154, $0.000178, and $0.000212, which resulted in an initial target of $0.000257. Santana’s chart sets the ATH target in blue, paving the way for a significant upward advance.
From August 2024, Terra Classic’s optimistic attitude has been gradually growing. Recent actions above resistance levels support even more the likelihood of a significant price increase.
Meanwhile, LUNC is swapped hands at about $0.0001333 at the time of writing, showing a 7.62% increase over the last 7 days and a 49.01% increase over the last 30 days. This performance highlights the mounting market hope.
Furthermore, adding to the momentum are Binance’s recent and forthcoming token burns, which will drastically lower LUNC’s circulating supply. According to CNF, these burn occurrences can be significant in pushing the price increase of the token.
Improved openness in government and community-driven projects has helped to inspire more hope in LUNC’s future; some hopeful estimates target $0.0005.
