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TerraClassic Breaks Trendline: Can Bulls Sustain the Momentum?
USTC retains much of its recent 2X surge, with a key target of $0.081132, a potential 315% increase.
A descending trendline breakout fueled a rally, followed by consolidation and structured price action.
While price action remains bullish, trading volume has dropped 45.55%, indicating possible volatility ahead.
Terra Classic (USTC) has held onto a portion of its recent recovery, maintaining strength after a notable 2X surge. The token continues to exhibit bullish momentum, with $0.081132 as a key upside target. This represents a potential increase of approximately 315% from current levels.
USTC Holds Gains After Strong Rally
USTC recently encountered a marked upward move, doubling its value within a short period. Despite market fluctuations, the asset has maintained much of its gains, signaling continued pull from traders and investors. The current price action suggests that bullish momentum remains intact, keeping the previously identified $0.081132 target within reach.
Tracking USTC historical price action, a descending trendline is notable which was broken, leading to a sharp upward movement. After the breakout, the price retraced and formed a consolidation range with fluctuations
Source: Javon Marks(X)
Resistance levels are marked at approximately $0.17124 and $0.21414. The market initially experienced a strong decline, followed by a gradual downward trend before breaking out. The breakout led to a price surge, but the asset was corrected afterward
Potential for Additional Upside Remains
The projected price target of $0.081132 remains a focal point for traders, with a 315% increase still in play. The asset's ability to sustain its recovery indicates that market conditions could support further appreciation. The persistence of this upward movement suggests continued interest, positioning USTC for additional gains if momentum holds.
Current price action shows an upward movement, testing resistance areas. Historical data indicates a pattern of lower highs before the breakout, leading to bullish momentum. Price is currently reacting within a structured range.According to CoinMarketCap data, TerraClassicUSD (USTC) is trading at $0.01810, reflecting a 12.17% increase over seven days. The market cap stands at $100.64 million, dropping 7.30%, while 24-hour trading volume has declined by 45.55% to $21.97 million.