LUNC Price Prediction: Can Channel Pattern Lead to a Spike Beyond $0.000075?

The cryptocurrency market’s present bearish sentiment and increasing FUD have extended the correction trend of many coins in September too, with the $LUNC coin being no exception. The altcoin’s daily chart shows a subtle yet consistent decline. Over the last three weeks, Terra Classic coin price has delineated a set of consecutive lower highs and lower lows, comfortably nestled between two parallel trend lines. These trendlines aren’t just mere visual guides; they represent dynamic support and resistance and sketch out the blueprint of a falling channel pattern.