Points
- Crypto analyst Javon Marks predicts a 360% surge in Terra Classic USD （USTC） soon.
- The predicted parabolic run could begin this month and peak in September.
- USTC is showing signs of bullish divergence, with multiple higher lows and a strong RSI.
- The stablecoin has seen significant recovery since its all-time low in 2022.
Crypto analyst Javon Marks has issued an optimistic forecast for Terra Classic USD （USTC）, predicting a significant price surge of over 360%. According to Marks, this parabolic run is expected to begin as early as this month and could reach its peak by September. His analysis is based on several key indicators, including a Bullish Divergence, which suggests that USTC is still in a bullish phase despite its recent price movements.
Marks shared a detailed chart in a post on X （formerly Twitter）, illustrating USTC’s strong performance despite market fluctuations. The chart highlights USTC’s relative strength index （RSI）, which continues to hit higher lows even as the token’s price shows some decline. This divergence between price and RSI indicates that the bearish momentum may be waning, with a bullish reversal potentially on the horizon.
USTC has been in a recovery phase since it lost its dollar peg during the notorious LUNA crash in May 2022. The stablecoin hit an all-time low of $0.006218 in June 2022 but has since managed to climb by over 150%, driven by a series of USTC burns carried out by the Terra Classic community. These burns have reduced the token’s circulating supply, which now stands at nearly 5.6 billion USTC, down from its previous levels.
Despite its tumultuous history, USTC has shown resilience, with Marks noting that the token’s Bullish Divergence remains strong. This pattern suggests that the stablecoin could see a rapid price increase, potentially reaching $0.08097 in the coming weeks. Marks added that this run could unfold at “unimaginable speeds,” given the current market conditions and the strength of the bullish indicators.
In addition to USTC, Marks has also provided a positive outlook for Terra Classic （LUNC）, the native token of the Terra blockchain. He predicts that LUNC could experience a minimum price increase of 5.7x, based on similar bullish divergence patterns and strong On-Balance-Volume （OBV） indicators. Marks had previously stated that LUNC could rise as high as $0.00139122 during this bullish cycle.
For investors and traders, Marks’ analysis presents a compelling case for watching USTC closely over the next few weeks. The combination of strong technical indicators and ongoing community efforts to reduce supply could lead to significant gains for those positioned early. However, as with any market predictions, there are inherent risks, and it remains to be seen how the market will react to these bullish signals.
解説
- Bullish Divergence: The concept of Bullish Divergence is crucial in technical analysis. It occurs when the price of an asset makes lower lows, but the RSI or another momentum indicator makes higher lows. This divergence often signals a potential reversal from a downtrend to an uptrend, suggesting that selling pressure is diminishing and buyers are gaining control.
- Market Sentiment: USTC’s recovery and potential for a 360% increase are significant, especially in the context of its historical volatility. The continued efforts by the Terra Classic community to burn USTC and reduce its supply contribute to the positive sentiment around the token.
- Investment Risks: While Marks’ predictions are optimistic, it’s important to approach such forecasts with caution. Cryptocurrency markets are highly volatile, and external factors could influence USTC’s price movement. Investors should consider these risks and conduct their own research before making decisions.
- Technical Indicators: The use of technical indicators like RSI, OBV, and Bullish Divergence is a common practice among traders. Understanding these tools can help investors make more informed decisions and better anticipate market movements.