In a recent revelation that has set the crypto community abuzz, esteemed crypto trading expert Javon Marks has shed light on Terra Classic’s (LUNC) promising trajectory.
On August 15, Marks made a significant observation regarding Terra Classic’s 3-day price and Relative Strength Index (RSI), revealing a culmination of factors that could pave the way for substantial gains.
The standout factor in Marks’ analysis is the occurrence of multiple breakouts, a phenomenon that often precedes significant price movements. This, coupled with the confirmation of a regular bullish divergence in the RSI, has ignited anticipation for an impending bullish rally.
The bullish divergence spotted in the RSI, combined with the breakout patterns, underscores the potential for a remarkable upswing. According to Marks, these indicators align coherently, indicating a scenario where the price could potentially witness a surge of over 5 times its current value, propelling it beyond the $0.0005 mark.
LUNC price analysis
Terra Classic, the digital asset that has been garnering attention within the cryptocurrency realm, is currently undergoing a subtle shift in its market dynamics. Over the past 24 hours, the value of Terra Classic has experienced a slight downturn of 1.02%. Presently, it is being exchanged at a price point of $0.0000776.
Within this context, the market capitalization of Terra Classic has been calculated at an impressive $451 million.
Elsewhere, on August 14, the LUNC community was invigorated by a surge of positivity when Vegas, a well-regarded member of the community, disclosed an exciting development. It was revealed that BitMos, a prominent project, has set its sights on integrating Bitcoin (BTC) BRC-20 support into Terra Classic.
Essentially, BitMos is on a mission to bridge the gap that exists between Bitcoin and the Cosmos (ATOM) ecosystem. This strategic move holds the promise of introducing novel functionalities to the realm of decentralized finance (DeFi) applications and smart contracts, and it all begins with Terra Classic. Serving as a robust layer 2 solution for Bitcoin, BitMos endeavors to tackle the critical challenges of scalability and interoperability.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
