Terra Classic Price Forecast: $1 LUNC Nigh On SEC Settlement, Rising Open Interest !!

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Terra Classic price forecast: LUNC has recently shown a significant surge in the cryptocurrency market. The LUNC price is currently at $0.0001207, reflecting an 8.45% increase over the past day. It hovered above $0.00012 on Friday, indicating a strong upward trend and renewed investor confidence. Terra Classic Price Forecast: Market Optimism Drives Surge.The market capitalization of Terra Classic stands at $699.65 million, marking an 8% rise. Its 24-hour trading volume has surged by 273.87%, reaching $128.13 million, positioning LUNC at #66 in terms of volume. The volume-to-market cap ratio is 18% while the circulating supply holds at 5.79 trillion, with a total supply of 6.97 trillion. Over the past week, LUNC price has been trading upward, with an 8% surge driven by increasing market optimism and renewed investor interest. Additionally, in the past month, this token experienced a steady rise of 15%, trading in a range of $0.0001 to $0.00012, reflecting a positive market sentiment.

The Terra Classic tokens experienced a notable price surge following a tentative settlement between Terraform Labs (TFL), Do Kwon, and the U.S. Securities and Exchange Commission (SEC). This development comes after a jury found Kwon and his company guilty of deceiving investors of nearly $40 billion.According to Coinglass data, the futures open interests for LUNC and 1000LUNC have jumped by 15% in the last 24 hours.As bullish sentiment gains momentum, Terra Classic (LUNC) could surpass the $0.00013 mark, signaling a renewed upward trend. This positive market shift might push the Terra Classic price toward breaching the resistance at $0.0002, aiming for $0.0005 in the next bullish cycle.However, if market skepticism dominates, LUNC may retreat to the $0.00012 support level. A prolonged negative trend could see further declines to $0.00011, increasing the likelihood of selling pressure.