Terra Classic (LUNC) attracts attention in the cryptocurrency market as a token from the old Terra network. LUNC price is currently at $0.0001207 and is up 8.45% in one day. This increase indicates a strong upward trend and investor confidence. Notably, Terra Classic's settlement with the U.S. Securities and Exchange Commission (SEC) over its bankruptcy could help it avoid fraud charges and push its price to $1.00.
This week, the SEC, Terraform Labs and Do Kwon signed a tentative penalty settlement agreement. The settlement came after they were found guilty of defrauding investors and causing losses of $40 billion. This development increased interest in LUNC and 1000LUNC tokens. According to Coinglass data, open futures positions are up 15% and positions on Binance are up 20%, indicating major buying activity by derivatives investors.
LUNC's market cap is $699.65 million and is up 8% in the last 24 hours. Trading volume increased by 273.87% to $128.13 million. As with futures, a strong increase in volumes could help LUNC reach higher values.
Last week, LUNC price gained 8% on increased market optimism and is up 15% in the past month. This positive trend could lead LUNC to surpass $0.00013 and target $0.0005. However, in a downside situation, LUNC could retreat to the $0.00012 support level.
The MACD indicator is showing a positive trend, while the RSI is at 61 and approaching the overbought zone. The AO indicator shows a slight upward momentum, while the CMF indicator signals capital flows into the asset.
Offering significant opportunities for investors, $LUNC has great potential with the SEC agreement. Stay tuned and don't miss investment opportunities!
