Terra Luna Classic (LUNC) is currently forming a symmetrical triangle pattern on the daily chart. This setup often signals a major price move as buyers and sellers become more balanced. The narrowing price range shows a drop in volatility, which typically leads to a sharp breakout or breakdown.
Key technical indicators such as RSI and MACD remain neutral, suggesting no strong direction yet. Volume has also been low, which aligns with the typical behavior before a breakout. Traders are watching closely for a clear move supported by rising volume.
If LUNC breaks above the upper trendline with strong volume, it could rise toward the $0.000098 level, a potential gain of about 60 percent. However, a drop below $0.000048 would cancel the bullish setup and suggest further downside.
For now, the price is holding above key support near $0.000060. A confirmed breakout, supported by volume and trend indicators, will determine the next major move for LUNC.