Terra Classic (LUNC) Eyes Major Upside as Analyst Sees Minimal Resistance Ahead

• Analyst Javon highlights Terra Classic’s ($LUNC) potential, targeting $0.000593 with minimal resistance based on historical breakout patterns.
• The Golden Cross between MA50 and MA200 confirms Terra Classic’s ($LUNC) bullish trend, with support at $0.000147 and $0.000120.
• RSI divergences and accumulation zones signal bullish momentum for Terra Classic ($LUNC), with resistance near $0.000177 to watch.

According to analyst Javon, Terra Classic ($LUNC) could face little resistance as it approaches $0.000593. Recent observations highlight notable bullish patterns, with descending triangle formations dominating historical price behavior. The price has shown repeated reversals following consolidation at key support zones. 

Additionally, momentum indicators suggest weakening bearish trends, reinforcing the potential for upward movement. Javon’s insights align with historical breakouts, further supported by price movements above critical moving averages.

Bullish Patterns and Accumulation Signal Positive Momentum

Descending triangle formations reveal consistent downward resistance, with prices eventually breaking out above the consolidation zones. These breakouts are marked by strong bullish candles, clearing horizontal and diagonal resistances. 

Notably, accumulation phases near $0.000050 acted as the starting point for upward momentum, with reduced volatility preceding each breakout. The observed bullish divergences, where momentum indicators such as the RSI formed higher lows as prices fell, signal waning bearish pressure. 

Golden Cross Sparks Long-Term Trend Reversal

The 50-period moving average (MA50) crossing above the 200-period moving average (MA200) in late October marks a Golden Cross, a well-known bullish indicator. This crossover coincided with sustained price increases, affirming long-term positive momentum.

Notably, during the recent uptrend, the price stayed above both averages, with MA50 acting as dynamic support at $0.000147. However, resistance around $0.000177 presents a hurdle for the ongoing rally.

Breakout and Support Zones

Support zones near $0.000120 and $0.000147 remain critical if retracements occur. These levels align with the MA200 and MA50, providing potential entry points for buyers. Meanwhile, breaking the resistance at $0.000177 could propel the price toward $0.000593. 

However, monitoring volume and momentum shifts is crucial, as failure to hold support levels could weaken the bullish narrative. By staying above these indicators, Terra Classic may continue its upward trajectory.