After a sharp rally that began on May 8, Terra Classic (LUNC) continues to consolidate near recent highs, showing resilience in the face of mild retracements. As of May 12, 2025, LUNC trades at $0.00006957, down by 1.70% over the last 24 hours. Despite this minor decline, the broader structure remains bullish, underpinned by strong support from key exponential moving averages (EMAs).
Price Action Overview: Consolidation After a Surge
LUNC’s uptrend gained momentum on May 8 when the price broke above all key EMAs—20, 50, 100, and 200, triggering a wave of bullish sentiment. Before consolidating, the asset climbed from $0.00005500 to a local high just shy of $0.00007400.
Over the past 24 hours, price action has moved mostly sideways between $0.00006850 and $0.00007150, forming a tight range that hints at market indecision or re-accumulation. Sellers appear to be active near the $0.00007004 (20 EMA) level, as seen in multiple wicks rejecting higher prices.
Technical Indicators: EMAs Continue to Support the Trend
A glance at the EMAs shows clear bullish alignment:
- 20 EMA (red): $0.00007004
- 50 EMA (orange): $0.00006933
- 100 EMA (aqua): $0.00006764
- 200 EMA (blue): $0.00006538
All EMAs slope upward, with the 20 EMA currently acting as dynamic resistance and the 50 EMA providing nearby support. The price remains above all four EMAs, suggesting that the bullish trend is intact. If LUNC can hold above the $0.00006900 zone, it may attempt another push higher toward $0.00007400 or beyond.
Related article: Terra Classic (LUNC) Battles Multiple EMAs in 24-Hour Slump: Is a Breakdown Imminent?
Momentum Outlook: Is a Breakout Brewing?
The current consolidation phase may be setting the stage for a renewed rally. Bulls are aggressively defending the $0.00006850–$0.00006900 region, and a confirmed breakout above $0.00007150 could lead to a fresh surge toward $0.00007600, the next visible resistance.
Conversely, a break below the 50 EMA would place the $0.00006764–$0.00006600 range under scrutiny, with the 200 EMA at $0.00006538 serving as a key trend reversal threshold.
LUNC’s 24-hour performance reflects healthy consolidation after a strong rally. While minor selling pressure persists, the broader trend favours bulls as long as price action stays above the 50 EMA. Traders should watch for a clear breakout above $0.00007150 or a retest of the 100 EMA as cues for the next directional move.
