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Terra Classic (LUNC) is the original blockchain of the notorious Terra ecosystem, which is gaining renewed attention in the Cryptocurrency field. After a series of setbacks following the collapse of TerraUSD (UST) and its sister token LUNA, LUNC is making a comeback. Recent technical patterns indicate that Terra Classic may be on the verge of a major breakthrough, potentially leading to an impressive 1,100% Rebound. Investors are closely following key levels to look for clues as to whether this surge will materialize.
Potential 1,100% Rebound
LUNC shows strong signs of rebound as it attempts to recover from its low point. Historically, when Token has gone through similar patterns in the past, its price has increased significantly. Given the current market sentiment, people are becoming increasingly optimistic that LUNC may experience a major breakthrough, thanks to renewed interest from investors and the entire community.
A 1,100% increase seems ambitious, but it's not impossible. The potential surge of LUNC largely depends on breaking through key resistance levels and maintaining momentum. If the Token can achieve these milestones, it could trigger a significant rebound, reminiscent of the explosive price trends seen earlier.
Key levels worth following
1. The first support level to follow for investors is around $0.00011. If LUNC remains above this level, it may indicate the start of a new uptrend.
2. The resistance level is at $0.00022: The key resistance level is at $0.00022. Breaking this level will be a key bullish indicator, indicating greater potential for Rebound.
3. Psychological level is $0.001: Breaking through the $0.001 mark not only represents an important price milestone, but may also trigger broader market interest and trading volume.