- The total crypto market cap excluding Bitcoin broke its neckline resistance at $1.6T, signaling a 294.15% target.
- Terra Luna Classic trades at $0.00006039, with weekly losses of 1.6% and support near $0.00005959.
- LUNC’s 24-hour range remains tight, capped by resistance at $0.00006037, underscoring limited volatility despite broader market breakout.
The total cryptocurrency market cap excluding Bitcoin has recently broken above a neckline level that has held since 2021. This move comes after years of price compression, with the chart showing a large cup-and-handle formation across the multi-year timeframe.
The projected target from this breakout suggests a potential market expansion of nearly 294.15%. This structural shift has captured attention as traders watch how altcoin performance develops following the breakout. At the same time, Terra Luna Classic (LUNC) continues to trade at its defined support and resistance zones, offering key reference points for near-term movement.
Breakout Pattern on Total Market Cap
On the 2-week chart of the total crypto market cap excluding Bitcoin, a notable breakout has formed. The neckline, which had acted as resistance near the $1.6 trillion zone, has now been breached. Chart projections show a potential climb of 294.15% if the pattern fully develops, which would move the total market cap toward the $5.8 trillion area. The chart highlights both the neckline break and the projected vertical target zone, providing a clear technical framework.
This long-term setup emerged after an extended consolidation phase between 2022 and 2024. During this period, the market retraced deeply before beginning a gradual recovery. Notably, the chart has now completed its right-side handle, confirming the breakout point. Traders continue to monitor whether sustained activity above the neckline can stabilize momentum in the months ahead.
Terra Luna Classic Price Movement
Terra Luna Classic (LUNC) is in a specific range in the short term, although the bigger market gives some indicators of a break-out. The stock is at its present value of $0.00006039, a decrease of 1.6% in the last seven days. The asset swung between the support level of $0.00005959 and the resistance level of $0.00006037 in the 24-hour range.
This low spectrum highlights a low volatility in the most recent trading sessions. Notably, the stability will also be essential with the support being higher than that mentioned. It has been observed that traders have taken the resistance level to be near the current price in the trade and this can influence the liquidity of this region. These set levels would probably further define the immediate performance of LUNC as the market at large becomes stronger.
Market Outlook Following Breakout
The aggregate signal between the market cap graph and the present performance of LUNC reveals the significance of technical levels. Individual assets such as LUNC are in compressed zones whilst the greater market has pierced a long-term neckline. This comparison indicates different levels of adjustment of altcoins to the market.
Furthermore, the breakout projection of 294.15% provides a significant long-term reference point. However, as LUNC trades within its narrow range, traders must rely on clearly defined support and resistance. These levels remain central for short-term monitoring while broader structural shifts continue to unfold across the altcoin market.
