LUNC Price Attempting to Close the Days Trade Above $0.0001! But Wait Theres a Catch!

LUNC’s price maintains a strong upswing amid the bears eyeing the capitulate on the market by slashing the price by more than 5% since the early trading hours. The entire crypto space is sliding down as BTC prices are again approaching the crucial support below $20,500. The selling pressure is accumulating heavily which may hinder the progress of the other altcoins along with TerraClassic price to some extent.

The LUNC price had maintained a very narrow, range-bound consolidation for nearly a week before. With a significant breakout, the asset managed to rise high by more than 50% in less than 24 hours. No doubt, the bears are currently pretty active, but a massive price action regardless of the direction is underway.

Also Read: LUNA Price Surges Notably, While LUNC & USTC Prices Spiked Out of the Blue

Bollinger bands, which are used to analyse the upcoming trend are on the verge to get squeezed. This indicates that the asset is preparing itself for huge volatility irrespective of the direction of the trend.