Over the last 24 hours, Terra Classic (LUNC) has shown a promising upward trend, demonstrating resilience after a brief retracement earlier in the week. As of the time of writing, the price hovers around $0.00009393, surging by 3.08% in the last 24 hours. 

Momentum Building Around Moving Averages

The chart reveals that LUNC has fluctuated around several critical moving averages, including the 20, 50, 100, and 200 exponential moving averages (EMAs). The price comfortably trades above all these EMAs, signalling a bullish sentiment. The 200 EMA (0.00008893) is a solid support level, with the 20 EMA (0.00009274) serving as the closest moving average below the current price. This pattern indicates that buyers are still present in the market, protecting these support zones and pushing prices higher.

Furthermore, LUNC has maintained a position above the 100 EMA (0.00008918), suggesting that it is holding its ground even in volatile conditions. As long as the price remains above the critical levels, traders may view this as a sign of stability.

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Resistance Levels to Watch

Despite the bullish momentum, the price still faces some resistance near the 0.00009800 level. This area has shown hesitation among traders, with price rejection witnessed during the earlier attempts to break this threshold. If LUNC can break above this resistance level, the next price target could be around 0.00009600, but a failure to do so could lead to consolidation or a minor retracement.

The Relative Strength Index (RSI) on this 1-hour chart is currently displaying a reading of 3.71, indicating a minor bullish divergence. While this figure alone does not signal overbought conditions, it implies that buyers are gradually gaining control. If this divergence strengthens, it could push the price further upwards, especially if the RSI begins to trend more definitively above neutral levels.

Outlook for the Next 24 Hours

For LUNC, the next 24 hours may bring continued attempts to break through the 0.00009800 resistance. Traders should closely monitor how the price reacts to the 20 EMA, which is now a critical support level. A break below this level could trigger a pullback, potentially testing the 0.00009075 support, while a surge in buying pressure could see LUNC rally toward 0.00009600 or higher.