Terra Classic (LUNC) is making headlines again with signs of a possible bullish reversal. Traders are watching closely as the asset flashes a strong bullish divergence.
What is Bullish Divergence?
Bullish divergence occurs when the price hits new lows, but the relative strength index (RSI) or other momentum indicators begin to trend upwards. In Terra Classic’s case, this signal is holding firm, suggesting that downward pressure may be waning.
Projected Upside to 180%
The projected upside target remains around $0.000162, which represents a potential 180% gain from current levels. This target is backed by structural strength on the chart, with price action continuing to form higher lows while key support zones hold firm.
What's Next?
Investors and traders should monitor price behavior near local resistance and track volume spikes, which often confirm bullish breakouts. Additionally, news surrounding the Terra Classic ecosystem or major token burns could further fuel momentum.
Terra Classic shows strong signs of a bullish reversal with a potential upside of 180%. Investors should closely observe price dynamics and trading volumes to determine further actions.
