Despite the prevailing market stagnation, Terra Luna Classic (LUNC) has managed to maintain its footing above the critical support level of $0.0001. However, its outlook for May remains uncertain unless a significant event, such as a relisting on Coinbase, occurs. According to current price analysis, the token's trajectory is neither decidedly bullish nor bearish.

Coinbase, the largest US cryptocurrency exchange by daily trading volume, is reportedly considering supporting LUNC. If Coinbase adopts LUNC, it could trigger a substantial rally, bolstering Terra Classic's bullish structure up to $0.001. Nevertheless, the current technical setup favors short-term sellers, with LUNC trading below key bull market indicators.

The support at $0.0001 is expected to remain stable this week, influenced by the weak buy signal from the MACD indicator. However, a sell signal could emerge if the MACD line crosses below the signal line, intensifying seller activities. The RSI strengthens the bearish trend as it slides below a descending trendline resistance.

If Terra Classic loses its support at $0.0001, declines are likely to increase, and investors may consider opening short positions, anticipating a prolonged correction towards the recent low of $0.00007136. A medium-term breakout above the dotted neckline is necessary to confirm a new 66% breakout.