The crypto field is experiencing significant shifts. Bitcoin moves towards the $100K mark, while major altcoins show growth. Will Terra and Terra Classic join the bull run?
Market Trend Overview
Bitcoin is advancing towards the long-anticipated milestone of $100K. Ethereum holds strong above $3600, with a potential target of $4000. Other tokens like XRP and Cardano (ADA) have also surpassed the $1 mark. Amid positive market sentiments, the question arises whether Terra (LUNA) and Terra Classic (LUNC) will follow this bullish trend.
Terra Classic (LUNC) Price Analysis
Terra Classic price remains bullish since rebounding from August lows, but growth is constrained within a narrow range. LUNC struggles to breach the resistance of the ascending channel, and DMI indicators suggest a potential bearish phase. Technicals indicate that the price might retreat to the support level at $0.000112.
Terra (LUNA) Price Analysis
Terra's price has failed to attract trader attention within its limited growth range. However, after consolidation, LUNA has gained over 85%. Ongoing competition between bulls and bears could result in a breakout if bulls prevail, potentially reaching $0.56. Successful breach may lead to further growth between $0.67 and $0.69, with a chance to reach $1.
The cryptocurrency market remains dynamic, with growth potential for key tokens. Investors should monitor evolving trends closely for informed decision-making.
