In the last 24 hours, Terra Classic (LUNC) has exhibited a notable upward trend, surging by 4.78% and reaching a high of 0.00009278. This growth is a positive sign for LUNC holders and investors, indicating that bullish sentiment is gaining traction. The price movement suggests increasing demand for the token, with technical indicators pointing towards the possibility of continued momentum. As market conditions evolve, it’s crucial to analyze LUNC’s performance across several key metrics, including exponential moving averages and the Relative Strength Index (RSI).

Exponential Moving Averages (EMA) Provide Strong Support

The alignment of the Exponential Moving Averages (EMAs) is a critical factor driving LUNC’s price action. The 20-period EMA is positioned at 0.00009035, providing a strong foundation of support for short-term price movement. The 50-EMA sits slightly lower at 0.00008910, while the 100-EMA and 200-EMA are at 0.00008791 and 0.00008654, respectively. LUNC’s current price above all these moving averages signals a bullish trend across both short- and medium-term timeframes.

The convergence of these EMAs, especially the proximity of the 20-EMA and 50-EMA to the current price level, suggests robust buying interest. When the price trades above these EMAs, it reinforces the view that traders are actively supporting higher price levels, potentially driving the token toward further gains.

Related article: Dogecoin Soars 10% Overnight Thanks to zkVM, Whales, and Elon Musk’s Support

RSI Divergence Indicates a Positive Price Movement

Another essential indicator of LUNC’s current market health is the RSI Divergence (5, 14), which stands at 13.85. This upward divergence suggests growing buying interest and signals that LUNC has room for further growth before reaching overbought conditions. Typically, an RSI divergence like this indicates that the token is building momentum, with fewer signs of a bearish reversal on the horizon.

A healthy RSI reading, particularly one that shows increasing divergence like LUNC’s, is often a precursor to extended rallies. Traders may use this as a signal to remain confident in holding their positions, knowing that current buying pressure could continue.

Price Targets and Resistance Zones to Watch

As LUNC continues its upward trajectory, traders should be cautious of key resistance levels. The immediate resistance lies near 0.00009600, with a second significant level at 0.00009800. If LUNC breaks above these resistance levels, it could test the psychologically important 0.00010 zone. On the flip side, a failure to break past these hurdles could result in a price correction. In such a scenario, the 20-EMA at 0.00009035 will likely provide a solid support zone, with the 50-EMA at 0.00008910 acting as a secondary fallback level.

Overall, LUNC’s technical indicators paint a bullish picture, with positive RSI divergence and a strong EMA setup supporting further upward movement. The next 24 hours will determine whether the token can maintain this momentum and break through its immediate resistance.