Terra Classic (LUNC) has been navigating through volatile conditions over the last 24 hours. Despite initial bearish pressure, the token is currently trading around $0.00012957, supported by a positive RSI divergence and key EMA levels. This analysis delves into LUNC’s price dynamics and explores potential scenarios for the near term.

Price Overview: Bulls Defend Key Support

LUNC experienced a sharp dip earlier, testing support at the 100 EMA level of $0.00012799. However, the token quickly regained ground, rising back above $0.00012950. This recovery signals that buyers remain active, particularly around major support zones.

The immediate challenge for bulls is to push the price beyond the 50 EMA ($0.00013046). A successful breakout above this resistance could spark a rally toward the $0.00013500 level.

The current RSI Divergence (5, 14) is positive, sitting at 6.18. This reading points to increasing bullish momentum, even as the price remains below its short-term EMAs. A rising RSI divergence suggests that buying pressure is building, potentially setting the stage for a more sustained upward movement.

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EMA Support and Resistance Levels

The EMA levels continue to provide valuable insights into LUNC’s price structure. The 100 EMA at $0.00012799 has proven to be a solid support, while the 50 EMA ($0.00013046) acts as a crucial resistance. Meanwhile, the 20 EMA ($0.00013058) is also within reach. A break above these EMAs would be a bullish signal, but failure could lead to another test of the 200 EMA at $0.00012394.

Terra Classic’s ability to bounce back from its recent lows highlights strong buyer interest. While the token faces immediate resistance at the 50 and 20 EMA levels, a positive RSI divergence suggests that bullish momentum could soon prevail.