After weeks of sideways trading, Terra Classic (LUNC) is finally showing signs of life. In the past 24 hours, the token managed to push above the $0.000061 level, a resistance zone that has capped several upside attempts throughout August. With a mild gain of 1.12%, LUNC’s movement might look small on the surface, but the indicators suggest a potential shift in sentiment.

Consolidation Finally Breaking

For much of August, LUNC consolidated between $0.000058 and $0.000060, leaving traders frustrated with the lack of volatility. The narrow trading range reflected indecision, with neither buyers nor sellers able to take control. This week, however, bulls managed to push the price slightly above the $0.000061 level, signalling that momentum could be shifting in their favour.

Source: LUNC TradingView Chart

The fact that LUNC is now trading above the cluster of moving averages (20, 50, 100, and 200 EMA) reinforces this view. The convergence of these EMAs had acted as a magnet for price action, but the breakout above them could act as a foundation for further gains.

RSI Divergence Supports Upside

The RSI divergence indicator on the 4-hour chart is currently flashing green at 16.73, suggesting that bullish momentum is building. For weeks, LUNC’s RSI readings bounced between negative and positive territory, reflecting hesitation in the market. Now, with the RSI firmly above zero, buyers appear to have regained some strength.

This divergence is particularly important, as it suggests that even small upward moves are backed by stronger momentum than previous attempts. If this momentum continues, LUNC could sustain its position above $0.000061 and even test higher levels.

Key Levels to Watch

The immediate resistance now lies at $0.000062, just above the current trading zone. A clean break and sustained hold above this level could open the door toward $0.000065, which is the next significant resistance from August’s highs.

On the downside, support remains firm at $0.000059, which has served as a strong floor during multiple retests. If bulls fail to defend $0.000059, the token risks sliding back into the same tight consolidation range that defined August. A deeper correction could even revisit $0.000057, where buyers have historically stepped in.

Related article: Terra Classic Traders Eye $0.000061 as LUNC Shows Resilience

Market Outlook

For now, Terra Classic’s price action points to cautious optimism. The breakout above the EMA cluster and the positive RSI divergence are encouraging signs, but the gains remain fragile. Without significant volume to back the move, LUNC could still face rejection around $0.000062.

September could prove to be a decisive month. If momentum continues to build, LUNC may finally escape its long-running consolidation and attract more speculative interest. However, a failure to hold above $0.000061 could quickly return the token to its stagnant state.

The post Terra Classic Break Out Imminent as Price Surges Towards Key Resistance — Can LUNC Extend Its Momentum Above $0.000064? appeared first on FXcrypto News.