🚨 Terra Classic (LUNC) Bullish Pattern Identified, Predicting Over 1,100% Surge

Terra Classic (LUNC), the original token of the collapsed Terra blockchain, is showing technical indicators that suggest a potential significant price rally. Crypto analyst Javon Marks (@JavonTM1) recently shared his analysis on X, highlighting a bullish pattern that could lead LUNC to surge by over 1,000%.

Marks' analysis identifies a bullish trend in the LUNC price chart, predicting a possible continuation of its upward trajectory. His first target is $0.00058046, a 414% increase from its current price of $0.0001089. However, Marks considers this target conservative, noting past breakouts that suggest LUNC could surpass multiple resistance levels and potentially reach $0.00139122, a 1134% increase.

This recent analysis updates a previous prediction from April 4, 2024, where Marks also identified bullish indicators and anticipated significant growth towards $0.00058046. While LUNC showed some upward movement since then, it has yet to reach this target.

The revival of LUNC is surprising, given its tumultuous history. In May 2022, TerraUSD (UST), an algorithmic stablecoin on the Terra blockchain, lost its peg to the U.S. dollar, causing a collapse of the ecosystem. LUNC, once valued at over $100, plummeted to fractions of a cent. The Terra blockchain was subsequently forked, creating a new chain named Terra (LUNA) and rebranding the original chain as Terra Classic (LUNC).