Terra Classic: Can a Bullish Breakout Lead to 63% Price Jump?

Terra Classic: Can a Bullish Breakout Lead to 63% Price Jump?

Analyst Javon Marks projects a 63% leap for Terra Classic, targeting a price of $0.00021439. Marks believes the bullish breakthrough may be in its early stages, suggesting a further 63% gain. The price of Terra Classic has reached new post-breakout highs, drawing significant interest from investors and analysts.  

Crypto analyst Javon Marks asserts that this breakout could lead to a further upward surge, potentially hitting $0.00021439. Such an increase would indicate a remarkable pace, implying the current rally is just beginning.

LUNC/USDT Price Movements

A detailed look at the LUNC/USDT pair reveals a descending trendline with multiple touches, signifying resistance. This resistance has been present since early March, when the price reached a high of about $0.00025000. During this period, the trendline exerted significant pressure on the LUNC market, pushing the price down to roughly $0.00007000. 

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Despite the downward trend, LUNC broke above the descending trendline, suggesting a potential bullish reversal. Marks has closely monitored this breakout, indicating it could be the start of a more substantial upward movement. He has consistently identified the price goal of $0.00021439 as a crucial level to watch in the coming weeks. He is confident that the LUNC bullish breakout is targeting this level soon.

Long-Term Projections

In another analysis by The Crypto Basic, Marks noted that LUNC might surpass his initial $0.00058046 objective, potentially reaching the second target of $0.00098584. He also highlighted the recent advance to its all-time high. 

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According to this analysis, Terra Classic could reach a high of $0.001391, marking a 1,134% increase from its current price of $0.0001172. Additionally, experts in the industry predict that the Terra Classic token will exceed $0.000200 in the coming months. 

This forecast further supports Marks’ analysis and underscores the potential for significant growth in the Terra Classic market.

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Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

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