Terra Luna Classic’s (LUNC) price is moving toward a potential breakout amid increased market volatility following the U.S. election. LUNC’s price has risen by 8.6% in the last 24 hours, trading at $0.00009162 after Bitcoin momentum pushed the entire cryptocurrency market up by 6.4%. The LUNC price is consolidating within an ascending triangle pattern since July 2024.
If the price breaks above its resistance at $0.000095, it could rise as high as $0.00028. This potential 3X gain is driven by renewed buying interest following the election results, with investors looking to riskier assets, and Bitcoin’s new highs. However, if the price breaks below the lower trendline support, it could signal market weakness, and LUNC’s price could drop as low as $0.000069 and $0.00005435.
