Terra Classic Price Analysis: Strong Buyers Push for $0.0002
During late November, the Terra Classic token attracted investors as the USDT stablecoin saw a significant surge. This positive trend resulted in the LUNC price jumping from $0.000069 to an eight-month high of $0.000146.
Currently, the LUNC price has surpassed a crucial resistance level at $0.00018, indicating the potential for further gains. At the moment, the LUNC price is at $0.000184 with a 1% intraday gain. With its strong bullish momentum, it’s likely to surge by 14% and reach $0.00021.
However, buyers may face overhead supply at $0.00027 and $0.00032.
IOTA Price Analysis: Signs of Trend Reversal
Over the past 20 months, the IOTA coin price has followed a descending trajectory due to a falling wedge pattern. This pattern suggests a decrease in bearish momentum and hints at a potential trend reversal.
In line with the market’s recovery sentiment, the IOTA price broke out from this pattern’s resistance trendline on November 29th. This resulted in a rally that propelled the coin from $0.22 to $0.371 in just three days, representing a 50% increase.
Currently trading at $0.3355, IOTA is attempting to hold above the $0.33 resistance level. If successful, breaking above $0.37 could lead to a 15.75% increase and target $0.427.
ORDI Price Analysis: Pennant Pattern Breakout Indicates 35% Rally
In early November, ORDI experienced a dramatic rise, going from $5 to $27.8, resulting in a 463% growth. Later in the month, the coin’s price entered a sideways consolidation phase, forming a bullish pennant pattern.
In line with the market’s recovery trend, ORDI broke out from this pattern on December 10th, leading to a 55% increase and currently trading at $32.3. Following the pattern’s trajectory and continued buying interest, the coin could potentially escalate by an additional 35.6% and reach a target of $44.
Hot Take: Promising Growth Opportunities for LUNC, IOTA, and ORDI
The recent price analyses highlight promising growth opportunities for three cryptocurrencies: Terra Classic (LUNC), IOTA, and ORDI. These tokens have shown strong bullish momentum and have surpassed key resistance levels, indicating the potential for further gains.
LUNC has already seen significant growth and could surge by 14% to hit $0.00021. IOTA has broken out from a descending pattern and may experience a 15.75% increase if it maintains support above $0.33. ORDI’s pennant pattern breakout suggests a potential 35% rally, targeting $44.
If you’re looking for cryptocurrencies with potential growth prospects, these three tokens are worth considering.
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