Terra Classic (USTC) Surges 126% in a Week, Eyes Major Breakout

USTC surged 126% in a week, breaking a multi-year downtrend, with analysts eyeing a breakout target of $0.081132.

Critical resistance at $0.0712200 and $0.9155584 could determine USTC’s next move as bullish momentum builds.

Market sentiment remains optimistic, with increased U.S. trader participation potentially driving further price action.

Terra Classic (USTC) has shown impressive momentum, surging nearly 126% in one week. This rally signals strong climbing potential, and analysts believe the breakout target of $0.081132 remains achievable. A further 333% surge could push USTC toward this crucial resistance level.

Major Breakout and Price Movement

Javon Marks, a popular crypto analyst, highlights USTC’s breakout from a multi-year downtrend. The price initially suffered a steep decline, forming a descending trendline with multiple resistance points. However, after numerous failed attempts, USTC finally broke through, leading to a sharp upward movement.

Following the breakout, USTC reached a local peak before retracing to lower levels. Despite this pullback, the asset established a range-bound structure, demonstrating volatility within support and resistance levels. The latest price action indicates renewed bullish momentum, fueling speculation about another strong upward push.

Key Resistance and Price Targets

Currently, two critical resistance levels stand at $0.0712200 and $0.9155584. These figures represent potential breakout zones that traders are closely monitoring. The latest price hovers around $0.0171000, suggesting room for further upward movement.

Moreover, the short-term trend shows signs of recovery. USTC’s ability to maintain bullish momentum will be crucial in determining whether it can reach the next resistance. If it sustains its upward trajectory, a push toward the $0.081132 breakout target remains possible.

Market Sentiment and Future Outlook

The recent rally in USTC has sparked renewed interest among traders. Market dynamics indicate increasing volatility, but the overall sentiment remains optimistic. Besides, historical price action suggests that breakouts often trigger price shifts. Hence, if USTC continues to climb, a larger move could unfold.

Additionally, the presence of an American flag logo on recent charts suggests potential influence from U.S. traders. This may indicate increased market participation from key players. Consequently, heightened trading volume could support USTC’s price movement in the coming weeks.