🚀 LUNC Gaining Momentum – Is a Major Breakout on the Horizon?
Terra Luna Classic (LUNC) has been quietly regaining strength, and recent developments suggest that its comeback is picking up speed. After finding a solid bottom in August,
$LUNC has been making a strong push upward, reaching $0.000129—its highest level since March. This surge is drawing renewed attention to the asset as market participants take notice of its steady progress.
One of the key factors fueling optimism is the burn mechanism, which has significantly reduced the circulating supply. Over the past seven days, approximately 1.34 billion LUNC tokens have been burned, bringing the total burned supply to a staggering 390 billion tokens. This consistent reduction in supply, combined with a 16% staking ratio, highlights growing confidence from long-term investors who are committed to holding for future gains.
📈 Technical Indicators Signal a Bullish Outlook
From a technical standpoint, LUNC appears to be forming a cup and handle pattern, which is historically a strong bullish indicator. If this pattern plays out, the token could see a potential rally to $0.0002055, representing a 75% increase from current levels. Additionally, LUNC has successfully moved above both the 50-day and 100-day moving averages, reinforcing the bullish sentiment. However, a break below the 100-day MA at $0.000095 could invalidate this trend, making it a key support level to watch.
🔥 Binance Support & Supply Reduction Strengthen the Case for Growth
With Binance continuously backing LUNC and the ongoing burning of tokens, the fundamentals remain strong. As the broader crypto market edges toward a bullish phase, LUNC’s shrinking supply and improving technical setup suggest that the token could still have significant upside potential in the near future. The coming weeks will be crucial in determining whether LUNC can sustain its upward momentum and capitalize on the growing investor interest.
#LUNC #TerraClassic #CryptoBullish #LUNCBurn #Altcoins