May Opening


- Will Terra Luna and Zcash maintain their gains?
Terra Classic's stock is trading above $0.000070 USD as of this report on Friday, maintaining stability after gains of over 5% the previous day. The stock remains stable above the rising exponential moving averages of 50, 100, and 200 days, reflecting a positive outlook in the short term.

The Relative Strength Index (RSI) is stable in the overbought zone near 79, indicating that upward momentum has extended even as the MACD indicator remains around the zero line, suggesting a slowdown in follow-through after the recent rise.

Clear resistance for LUNC remains at the highest swing high of $0.000081.

LUNC/USDT Chart Analysis (Binance)
Daily LUNC/USDT price chart.
On the downside, Fibonacci retracement levels of 78.6% and 61.8% at $0.000070 and $0.000062 respectively, serve as support levels.
LUNC-0.83%
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