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🔥🔥 $LUNC Set 26-40% Profit With Upcoming Binance Token Burn🔥🔥
✅Terra Luna Classic is about to have an important event as Binance prepares for its regular token burn in two days. Currently, LUNC trades at $0.00011, down 3.5% over the past 24 hours and down 1% over the past week.
📈📊 LUNC price analysis: Potential price increase of 26-40%
✅After recovering from the market rally in March, LUNC has been forming an ascending triangle pattern since April 15. This pattern, which is typically bullish, indicates a possible price breakout. 63%. The 200-day moving average is located just above LUNC's current price, creating some resistance. However, positive news can help LUNC overcome this hurdle.
✅If LUNC breaks out from this pattern, it could increase by 26%, reaching 0.000151 USD. Otherwise, the price could find support around $0.00009, a level it has tested twice in the past six months. The MACD indicator is also showing an uptrend, showing strong upward momentum.
❓Why does LUNC price increase?
✅Investors are accumulating LUNC in anticipation of Binance's token burn. Historically, such burning reduces supply and often leads to price increases. On-chain burning of LUNC is increasing, with approximately 178 million tokens burned daily, bringing the total supply down to 6.79 trillion LUNC. The community is optimistic that the Binance burn will significantly reduce token supply and increase prices.
📢Last line
As the supply of LUNC decreases, its value will stabilize, demonstrating the power of a united community in the crypto world.