LUNC has been quietly building momentum, and recent developments are starting to create buzz.
After bottoming in August, it’s clear that Terra Luna Classic is showing signs of life again, climbing to $0.000129—the highest price since March.
With 1.34 billion tokens burned in the past 7 days and a total of 390 billion tokens burned, the supply is steadily shrinking, which could drive demand and price. The 16% staking ratio further indicates confidence from long-term investors, signaling that LUNC holders are here for the long haul.
The technicals are also painting a bullish picture:
Cup and handle pattern signaling a potential rally to $0.0002055 (~75% gain).Movement above the 50-day and 100-day moving averages, further supporting the bullish case.
Of course, a drop below the 100-day MA at $0.000095 could invalidate this trend, but for now, the upside looks compelling.
With Binance continuing to support $LUNC and the ongoing burns reducing supply, this token still has room to grow, especially if the broader market enters a bull phase.
