LUNC Gains Momentum Amid Token Burns and Growing Optimism
The price of Terra Classic (LUNC) has gained significant attention as its value surged 20% over the past week. Following a recent correction, the broader crypto market is showing signs of recovery, with Bitcoin (BTC) trading near $97,000, fueling speculation about a potential break above $100,000.
Meanwhile, LUNC is consolidating near key resistance levels, leading to the big question: How high can this cryptocurrency climb over the next three months?
Token Burns Driving LUNC’s Price Growth
LUNC has maintained a five-day uptrend, breaking through a critical resistance level. This growth is in line with the recent altcoin rally, which has seen gains across the broader crypto market.
🔹 The ongoing token burn initiative remains a key catalyst for LUNC’s rise.
🔹 Over the past seven days, more than 628 million LUNC tokens have been burned.
🔹 The total burned supply now stands at 402.78 billion, surpassing the 402 billion mark set earlier this month.
📌 Breakdown of LUNC Burns:
✔ 67.86 billion LUNC was removed via on-chain burning.
✔ 334.92 billion was sent to the burn wallet, primarily facilitated by Terraform Labs.
The circulating supply remains at approximately 5.51 trillion LUNC, while market sentiment continues to improve. If Bitcoin breaks above $100,000, LUNC could see further gains driven by increased buying pressure.
Additionally, as the network approaches its next milestone of 621.5 million transactions, traders are watching closely for a potential breakout. The ongoing burn mechanism and broader market trends will continue to play a crucial role in shaping LUNC’s price trajectory.
LUNC Targets $0.0001 as Bullish Momentum Builds
At the time of writing, LUNC is trading at $0.00008038, reflecting a 10% increase over the past 24 hours. Technical indicators suggest that the cryptocurrency maintains a strong bullish trend, supported by key metrics.
📈 The price chart has formed an ascending channel, indicating continued growth potential.
✅ If LUNC breaks above the $0.00008 resistance level, it could trigger a 25% rally toward the $0.0001028 target.
✅ If buying pressure remains strong, LUNC could reach the key psychological level of $0.0001, marking a significant price milestone.
🔹 MACD (Moving Average Convergence Divergence) is trending above the signal line, confirming bullish sentiment.
🔹 The MACD histogram prints green bars, indicating increasing buying momentum.
🔹 RSI (Relative Strength Index) stands at 78, signaling overbought conditions but also strong investor interest.
Key Support and Resistance Levels
🔹 Immediate support levels: $0.00008, followed by $0.00006420 and $0.000062. If bullish momentum weakens, these levels could act as short-term stabilization points.
🔹 Key resistance levels: $0.000084 and $0.00009.
🔹 If LUNC surpasses $0.00009, it could accelerate toward $0.0001, representing a 25.16% price increase from current levels.
Summary: Can LUNC Reach $0.0001?
✅ Terra Classic (LUNC) remains in a bullish trend, with token burns and improving market sentiment driving growth.
✅ If Bitcoin surpasses $100,000, LUNC could benefit from increased demand, pushing toward $0.0001.
✅ Key technical indicators suggest further upside potential, though the overbought RSI hints at a possible short-term correction.
The coming weeks will be crucial in determining whether LUNC can sustain its bullish momentum and break through key resistance levels. 🚀
#TerraLunaClassic ,
#crypto ,
#CryptoMarket ,
#priceprediction ,
#CryptoAnalysis Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“