LUNC moves 20% higher to start the weekend.
Terra classic rose by as much as 20% in today’s session, which comes following a recent bearish streak. Today’s rally follows Thursday’s drop to a key support point, with bulls using this as an ideal area to reenter. Xrp was also higher, as it moved closer to a long-term resistance level.Terra classic was one of the most notable gainers on Saturday, as the token rose by nearly 20% to start the weekend.
Following a low of $0.0002671 on Friday, LUNC/USD rose to an intraday peak of $0.000328 earlier today. The move came as the token hit a floor of $0.000248 on Thursday, with bulls using this as an ideal point to reenter the market.As of writing, it appears that these bulls are now targeting a resistance level of $0.000380 as a potential exit zone.
If this were to happen, first the 14-day relative strength index would need to climb past a ceiling of its own at the 55.00 mark.