Terra LUNA and LUNC are rapidly losing community support

The price of Luna Classic (LUNC) has been declining since October 2. Although a line breakout may occur, the long-term trend remains bearish.

If a bearish breakout from the channel occurs, LUNA's nearest temporary support zone will be at $1.69. If anything, as of this writing, the token price is $2.62.

Therefore, if the LUNA price falls below this area, there is little or no support below it. As a result, the rate of decline could increase significantly.

At the same time, the LUNC price has made four breakout attempts. As a result, there is a probability that it will break out and start a short-term rally. After that, though, a continuation of the downward movement is still expected.

With LUNC, there might be a short-term breakout before the downtrend resumes. In the case of LUNA, an immediate breakout is likely.

In any case, these are just thoughts based on forecasting techniques using Fibonacci curves. Okay, that sounds complicated, so don't sweat it, but don't make rash decisions, either.