Terra Classic price shows resilience amid high burn rates, hinting at a potential bullish reversal for LUNC despite recent dips.
Terra Classic [LUNC] price has sparked fresh optimism within the crypto community following a bullish breakout from an ascending triangle pattern. This technical move suggests a potential rally, even as broader market corrections persist. Despite recent declines, LUNC has shown resilience, experiencing a temporary dip following recent token burns and single transaction activity. Here’s What To Know read till last line.

Terra Classic Price Dips After a Massive Token Burn
The Terra Classic price has seen significant activity recently, with 49,472.28 LUNC tokens burned in just the last hour through a single transaction. Today’s total burn count is substantial, amounting to 7,062,267.40 LUNC tokens. Of this total, 49,573.28 tokens were burned through direct transactions, while a larger portion, 7,012,694.12 tokens, was burned via tax mechanisms.

In the past 24 hours, the burn rate reached an impressive 2,494%, reflecting intensified efforts in token reduction. This heightened burn activity indicates a proactive approach by the community to manage supply levels, aiming for a positive impact on the LUNC token’s market dynamics.

Source: x formally twitter
LUNC Price Dips with Bullish Hints Ahead
The latest LUNC price has seen a notable shift, currently trading at $0.00008931, reflecting a 9.22% drop in the last 24 hours.
Today, crypto markets are witnessing mixed reactions from investors, reflecting the continued ups and downs in prices

The Moving Average Convergence Divergence (MACD) hints at mild bullish activity as the MACD line crosses slightly above the signal line. However, downward pressure persists, with the MACD histogram showing recent red bars, indicating selling momentum.

Key support remains at $0.00008, with resistance levels projected near $0.0001 and $0.00013. If LUNC sustains this level of volatility, traders might see attempts to breach these key levels soon.

Source: Trading View
The social volume for Terra Classic shows a steady rise, closely tracking its price fluctuations over recent months. As interest remains high, spikes in engagement suggest strong investor sentiment despite a largely stabilized price trend. This alignment between social activity and price hints at potential volatility, keeping LUNC in focus within the crypto community.

Source Santiment
While Terra Classic faces volatility, its robust burn strategy and bullish indicators hint at potential upside. With strong community support and active trading, LUNC may remain a dynamic player in the crypto landscape.

Recommendations, suggestions, views and opinions given by the experts are their own. You must do your own research before investing crypto markets. Crypto Wolf always trying to share valuable news. LUNC next bull run crypto.Here’s What You Need to Know Before Diving In!

#TerraClassicUpgrade #terraClassicLunc #terralunafoundation #LUNAUpdate

Increased Market Activity in LUNC Signals Volatility
The recent increase in LUNC trading volume indicates heightened investor interest and greater volatility. Key support at $0.000094 may help boost the price if volume growth slows. On the other hand, LUNA’s resistance level at $0.360 may break if trading volume remains strong.
The U.S. Securities and Exchange Commission (SEC) is now facing Terra Labs in a legal battle, drawing investors’ attention to the price developments of Terra Classic (LUNC) and Terra (#LUNA✅ ). With new legal scrutiny, investors are closely watching price movements and recent trends.
LUNC’s Volume and Price Momentum
LUNC has recently shown an upward trend, rising by 4.43% to $0.0000919 in recent days. This increase follows a consolidation period, suggesting renewed investor interest.
Trading volume has surged by 140.46%, indicating increased market activity. This higher activity often signals an increase in buying or selling pressure, which can lead to greater volatility. Key levels for LUNC include support at $0.000094, which has held during previous consolidations. The $0.000092 level has also acted as a “safety net” during previous downtrends.

Resistance at $0.000098 remains a key barrier for further growth. If LUNC surpasses this, the next psychological threshold is at $0.00010, often associated with increased market activity.
If high trading volume continues, LUNC may attempt to break the resistance level of $0.00010. However, if volume declines, it could return to testing lower supports. The trading volume of LUNC, which is 9.75% of its market cap, further underscores the asset’s volatility and indicates strong investor confidence.
LUNA’s Price Action and Potential Resistance
Over the past 24 hours, the price of Terra (LUNA) has increased by 1.78%, with its value around $0.3596. This rise follows a consolidation period, indicating renewed momentum.
Trading volume for LUNA has also surged by 93.03%, which could signal increased interest in trading. These volume spikes often suggest a potential trend shift, as rising volume can precede price movements either up or down. Key support for LUNA is at $0.3532, which has helped stabilize prices during recent declines, while stronger support at $0.345 has historically prevented further downward movement.

Conversely, $0.360 currently acts as a resistance level. A breakthrough here could open the way to $0.365, which marks a recent high. If trading volume remains strong, LUNA could challenge this upper resistance. However, a drop in volume could lead to a price return toward support at $0.3532.
Technical Indicators and Implications for LUNC and LUNA
The current trading volume-to-market cap ratio of LUNC at 9.75% points to active trading and strong market confidence. Similarly, LUNA’s ratio of 15.83% indicates sustained interest in this token.
A continued rise in trading volume could help both LUNC and LUNA break their immediate resistance levels. However, if volume momentum weakens, both assets may retreat and test their key support zones.

#TerraLunc , #LUNAUpdate , #Lunapriceanalysis , #SECCryptoRegulation

Stay one step ahead – follow our profile and stay informed about everything important in the world of cryptocurrencies!

Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Recently, both the Terra Luna $LUNA and Terra Classic $LUNC prices have gone up by over 20%. This is because the Montenegro Supreme Court ordered the release of Terra co-founder Do Kwon, which seemed to make a lot of people and holders optimistic about the future of Terra.
If Do Kwon was to reenter the crypto field, this may mean that Terra LUNA may see new developments, and add more value to the token, similar to what was done in the past with Terra ecosystem. Or he may launch something new, no one knows. I feel that Do Kwon's fall was different to SBF with FTX, and also Su Zhu & Kyle Davis. Do Kwon was a very smart and visionary leader compared to most founders. But he did cause a 40 billion downfall in the crypto markets, and we will find out more over time as we uncover court hearings, whether or not Do Kwon was involved in dirty actions.
Even though Terraform Labs have also separated from the Terra Classic chain, this news also led to a notable increase in trading activity and bullish sentiment among the LUNC community. Moreover, the Terra Luna Classic chain will execute a major upgrade next week, which includes the highly anticipated introduction of IBC-Hooks. This will help to upgrade Luna Classic dApps onboarding, security, functionality, and interoperability.
I am personally more bullish on LUNA, than LUNC, but I feel the effects will spillover regardless. If you feel that Do Kwon is a leader you will want to follow again, LUNA to hold may not be a bad choice. Or you can capitalise on the short-term hype instead.
Follow | Like ❤️ | Quote 🔄 | Comment
FOLOW ME FOR MORE TIPS
👇👇👇👇👇👇👇👇👇👇
@pro_digitalss

#LUNC✅ #LUNAUpdate #WIF #FET #WIF #BTC🔥🔥🔥🔥