Terra Classic (LUNC) enters the final trading days of September on shaky ground, with the price hovering around $0.00005278, a level that could define its near-term trajectory. This week’s market action has been dominated by selling pressure, with bears consistently forcing lower highs and driving LUNC deeper into a descending channel. However, that has forced LUNC to demonstrate an 11.91% dip over the last 7 days.

Now, with only a few days left in the month, the big question is whether buyers can mount a comeback over the weekend or if the token will close September firmly in bearish territory.

Technical Picture: Support Holding — For Now

The 4-hour chart reveals that LUNC is clinging to a critical support band between $0.00005250 and $0.00005278. This area has historically served as a launchpad for short-term rebounds, and bulls will need to defend it aggressively to prevent a deeper correction toward the $0.00005000 psychological zone.

• 20 EMA (~$0.00005455) – Immediate short-term resistance.
  
• 50 EMA (~$0.00005646) – A breakout above this would indicate early bullish momentum.
  
• 100/200 EMA (~$0.00005782 – $0.00005878) – Reclaiming these levels is essential for shifting the broader market structure.
  

Source: LUNC 4H Chart

For now, all EMAs are trending downward, confirming the dominance of sellers. A sustained move above the 20 EMA would be the first sign of a potential reversal attempt heading into October.

Related article: Terra Classic Battles Back: Can LUNC Escape Its $0.000056 Zone?

Momentum Indicators Hint at Exhaustion

The RSI divergence indicator is printing a deeply negative reading of -5.84, suggesting that bearish momentum may be overextended. Historically, LUNC has staged relief rallies from similar conditions, though they often require a catalyst, such as a spike in trading volume or a shift in broader market sentiment.

If the RSI starts rising while price holds above support, it could be an early sign of accumulation by smart money, a precursor to a short-term bounce.

Weekend Scenarios: What to Watch

Scenario 1: Bounce and Short-Term Recovery
If buyers successfully defend the $0.00005278 zone, LUNC could attempt a move toward the $0.00005455 – $0.00005646 range. A breakout beyond the 50 EMA would strengthen the reversal narrative and potentially spark momentum heading into early October.

Scenario 2: Breakdown and Bear Continuation
Failure to hold support would likely trigger another wave of selling, pushing LUNC toward $0.00005000. Such a move would reinforce the bearish trend and could set the stage for a prolonged period of consolidation.

Final Thoughts: Decision Time Approaches

With September ending and a new trading month just days away, Terra Classic’s next move will set the tone for Q4. The confluence of oversold signals, heavy support, and waning momentum suggests that a rebound is possible, but the onus is now on the bulls to prove it.

If they can’t defend the current zone, the bearish narrative will dominate into October. If they can, however, this weekend might mark the start of a new recovery phase, one that could catch many traders off guard.

The post Last Chance Rally? LUNC Holds the Line at $0.00005278 Amid Week-End Pressure appeared first on FXcrypto News.