LUNC Price to Hit $0.00009 High? Key Indicator Signals Reversal Sign at Support

Over the past four months, a downsloping trendline has been constantly hammering the $LUNC price with dynamic resistance. The daily chart shows three rejections from this trendline indicating the traders are actively selling at this level. Though the growing supply pressure tries to maintain an established downtrend, the buyers heavily protect horizontal support of $0.000079. The falling trendline and flat support resemble the formation of a bearish continuation pattern called a descending triangle. Here’s how this pattern could influence the future price of Terra classic coins.