The price of Terra Luna Classic (LUNC) experienced a significant increase in trading volume and surged by over 10% on Monday, following a weekend during which investors reacted to news of exposure to falling US banks SVB and Signature Bank New York. While LUNC managed to maintain support at $0.00012, it had been predicted that the token could fall to $0.00012 if it slipped below its broken support at $0.00014. Technical analysts suggest that LUNC may be experiencing a V-shaped recovery, and it could potentially hit $0.0021 within the next few weeks or months if it manages to overcome resistance around $0.00014. However, investors must be prepared for LUNC to consolidate between $0.00012 and $0.00014 for a few weeks before it resolves the next direction to take. The ideal action would be to cash out at the 50-day EMA before placing new buy orders after LUNC affirms its position above $0.0001336.
