Terra Classic (LUNC) Has the Potential to Reach Its All-Time High (ATH) Driven by the Fibonacci Extension

Alan Santana, a crypto analyst, has provided a detailed analysis of Terra Classic (LUNC) on TradingView, outlining its short- and long-term potential.

Crypto analyst Alan Santana has shared an in-depth analysis of Terra Classic (LUNC) on TradingView, highlighting its short- and long-term potential. According to Santana, while LUNC’s present trajectory is largely influenced by short-term targets, these levels are converging with significant Fib extensions for couples with notable upward first targets.

LUNC: Fibonacci-Driven Path to Potential ATH

Santana illustrated how the 2.618 Fibonacci extension of the last market cycle, projected at $0.001468, defines the All-Time High (ATH) potential for LUNC.

From its current levels, this value presents an impressive 980% profit potential. For the shorter time frame, Santana highlighted key levels at $0.000154, $0.000178, and $0.000212, converging at an initial target of $0.000257. As shown in Santana’s chart, the ATH target is marked in blue, setting the stage for a substantial upward move.

Since August 2024, Terra Classic has maintained a bullish sentiment with gradual price increases. Recent price actions above resistance levels are further bolstering the potential for a significant price rally.

At the time of writing, LUNC is trading around $0.0001333, up 7.62% in the last 7 days and 49.01% in the past 30 days. This performance showcases the building market optimism.

Moreover, Binance’s recent and upcoming token burns are adding to the momentum, which will drastically reduce LUNC’s circulating supply. As reported by CNF, these burn events could be instrumental in driving up the token’s price.

Increased transparency in governance and community-led projects have also instilled greater optimism in LUNC’s future, with some bullish projections aiming for $0.0005.

This article is intended for informational purposes only and does not constitute investment advice. Readers should conduct their own due diligence and consult with financial advisors before making any investment decisions. The content presented may not be up to date and could become outdated.