• The TerraClassic (LUNC) price has been experiencing a bearish cartel and may reach the levels it traded during the beginning of 2023.
• The current trade setup indicates the scope for an extended consolidation along the support levels as the price may struggle to hold above $0.0001.
• Both cases indicate an extended consolidation for another couple of weeks, where-in the volatility may deplete while the volume may maintain decent levels.

The TerraClassic (LUNC) price has been experiencing a bearish cartel which has successfully dragged the token lower and may reach the levels it traded during the beginning of 2023. The price was on its way to completing the parabolic recovery that it began after experiencing rejection at $0.000185 during the last few days of 2022. However, the fresh price crash that began on 03 January 2023, squeezed the bulls to a large extent, compelling the price to drop below $0.00015 levels.

The current trade setup indicates the scope for an extended consolidation along the support levels as the price may struggle to hold above $0.0001. As the bearish clouds have outspread over the TerraClassic (LUNC) price rally, the possibilities of a bullish breakout appear fewer but cannot be completely eliminated. The LUNC price has been trading within a bearish triangle and almost reached the apex of the consolidation where-in the possibility of a bearish breakout appears to be imminent. If the price experiences a bearish breakout, it may try to hold at the lower support zone, failing to which it may head toward the crucial level of $0.000086.

On the other hand, the price may extend the consolidation indefinitely and hover just below the important resistance levels at $0.000163 until it receives a significant buying volume to rise high. Both cases indicate an extended consolidation for another couple of weeks, where-in the volatility may deplete while the volume may maintain decent levels. However, the possibility of a bull run above $0.0003 appears too optimistic as of now since the bearish cartel may continue to drag the price lower.

It is important to note that the TerraClassic (LUNC) price is highly volatile and may upturn any time due to the rising buying volume. Hence, it is suggested that investors should accumulate the coins during the dips and hold the coins for long-term prospects. Additionally, the buyers should also adhere to the stop-loss strategies while trading the coin in order to limit the losses in case of a sudden price crash.