Is a $60M $AVAX Buyback the Secret Weapon to Skyrocket Terra Luna Classic Prices?

The recent $60 million buyback of AVAX could be the catalyst that Terra Luna Classic (LUNC) needs for a dramatic price surge. With speculation swirling around how these funds might be used, the LUNC community is abuzz with excitement.

Currently priced at $0.0000886, LUNC has been trending upwards despite a recent market downturn. If the $60 million is allocated to burn LUNC, we could see the price skyrocket beyond $0.0001. Imagine the frenzy if this happens! A strategic buyback could remove about 12% of the total circulating supply, which, coupled with the hype from the burn, could trigger Fear of Missing Out (FOMO) among investors, driving prices even higher.

The technical analysis shows LUNC is well-positioned within an ascending channel, hinting at a bullish trend. Key support sits at $0.000084, and breaking above $0.00015 could lead to a staggering 53% rally. However, if the price falters and drops below this support level, it may spell trouble for the bulls, with potential lows at $0.000073 and $0.000054.

With the AVAX buyback looming, the next few weeks could be pivotal for LUNC. Will the community seize this opportunity to ignite a price rally? The crypto space is watching closely, and the momentum is building.

Don't miss out on what could be a game-changing moment for Terra Luna Classic!

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