An expert in cryptocurrencies, Javon Marks, has shared insights indicating that the upward trend of LUNC is expected to continue, potentially leading to a 270% increase in value. Marks predicts that if the current bullish market conditions persist, LUNC could reach a price of $0.00058046. This projection is based on the observation of a bull flag pattern that has been forming over a period of time.

Marks also suggested that LUNC's price could rise to $0.0005 alongside Bitcoin's mid-April halving, potentially triggering a significant price surge. The cryptocurrency may encounter resistance at the $0.0002 level, with significant interest being seen when the price reached $0.000255 in March. On the other hand, the support level stands strong at $0.00015. The increase in LUNC futures open positions, amounting to about $40 million, is contributing to the overall price climb.

Technical Upgrades Bolster Terra Luna Classic

In addition to the positive market movements, the Terra Luna Classic community recently celebrated a notable upgrade to version 2.4.2. This upgrade is anticipated to support further price growth by enabling the integration of decentralized applications (dApps) onto the platform. Furthermore, Genuine Labs has made progress in enhancing the Terra Classic Security Package, promising improved security features, functionality, and interoperability.