The breakthrough of Terra Classic (LUNC) may trigger a 1,100% Rebound - Key levels worth following!

The cryptocurrency market is closely following Terra Luna Classic (LUNC), and previous analysis suggests that this currency may experience a breakout, potentially leading to a Rebound of over 1,100%. At the time of writing, the price of LUNC is $0.0001115, with a 24-hour trading volume of $23,876,010.

The token has risen by 2.20% in the past seven days, although it has also fallen by 2.02% in the past 24 hours. The circulating supply of $LUNC is 5.5 trillion tokens, with a market capitalization of $614,461,915.

However, according to Javon Marks' analysis, the successful breakthrough of $LUNC earlier achieved three main price targets driven by strong trading volume and market participation. However, the price chart of the altcoin seems to once again imply a similar potential breakout, which could lead to price levels reaching $0.00058046, $0.00098584, and $0.00139122. Especially if the bullish momentum is established under favorable conditions.

Technical pattern points to the potential for consolidation and upward movement
The price chart of Terra Classic highlights a consolidation phase, which can serve as the basis for future bullish actions. In fact, analysts have previously pointed out higher lows and symmetrical or round patterns, which are often associated with trend continuation. These indicators combined may typically indicate that LUNC may be preparing for a breakthrough.

However, as of the time of writing, these technical indicators have sent mixed signals. For example, the RSI is at 43.49, indicating a bearish momentum but close to the neutral zone, suggesting possible stability.