The Terra Classic (LUNC) market is showing signs of heightened volatility as traders brace for the Federal Reserve interest rate decision today at 2:00 p.m. Eastern Time. Between September 14 and September 15, LUNC experienced a sudden drop, testing support near 0.000058. On September 17 the price spiked, signaling renewed speculative interest. The recent price action suggests that investors are positioning themselves ahead of the FOMC announcement.
Support and Resistance Levels
Currently, LUNC is trading near 0.000061. Key levels to watch include:
- Support zone: 0.000058 to 0.000057
- Lower support: 0.000052 to 0.000049
- Immediate resistance: 0.000062 to 0.000063
- Major resistance: 0.000072 to 0.000073
This narrow range highlights uncertainty, with the market waiting for a clear macroeconomic signal before committing to a direction.
Why the Fed Decision Matters
The Federal Reserve stance on interest rates directly influences risk assets including cryptocurrencies. A dovish signal or hints at rate cuts could increase liquidity and push LUNC toward the 0.000072 resistance zone. A hawkish message or guidance that rates will remain higher for longer could pressure crypto markets and send LUNC back to test the 0.000058 support or lower.
Conclusion
LUNC price movement reflects more than technical levels. It shows how global macroeconomic events like the Fed decision ripple into crypto. With volatility expected around the FOMC announcement, traders should monitor whether LUNC breaks through resistance or falls back toward support. Use the range 0.000058 to 0.000063 as the primary focus while watching for a decisive breakout after the announcement.