Terra Luna Classic price shows a breakout pattern in lower timeframes as the price successfully held above the $0.00012 key support level. While the LUNC price is currently trading up 2% at $0.000126 in the last 24 hours, a move above $0.00013 is likely if the price breaks above the local support level at $0.000128.

In the daily timeframe, the LUNC price continues range-bound movement and volatility is limited. Interestingly, the Bollinger bands squeeze is forming and traders should await a breakout above the key of SMA-20 and SMA-50 in the coming days.

A bullish breakout can be clearly seen in the 1-hr timeframe, with Bollinger bands and RSI indicating an increase in LUNC price in the coming days. The 24-hour low and high are $0.000123 and $0.000127, respectively. Furthermore, trading volume is flat amid current development in the market.

(By Varinder Singh)