Terra Classic (LUNC) is grappling with substantial selling pressure, resulting in a 2.57% price decrease over the last 24 hours. The asset has struggled to breach critical resistance zones, indicating potential instability ahead.
The technical analysis portrays a concerning picture with Exponential Moving Averages (EMAs) suggesting a bearish trend. Additionally, the negative Relative Strength Index (RSI) divergence underscores weakening momentum, potentially leading Terra Classic into further challenges.
As LUNC oscillates between price levels, the market appears cautious, reflecting investor sentiment unsure of the immediate path forward. The current scenario highlights the difficulties a project can face during tumultuous market conditions.
Source: www.fxcryptonews.com ↗
