Terra Classic (LUNC) price has recorded a notable upswing, climbing 20% over the past week. Following a correction, the broader crypto market is showing signs of recovery. Bitcoin (BTC) trades near $97,000, edging closer to the $100,000 mark. Meanwhile, LUNC stabilizes near key resistance levels, raising speculation on its potential movement in the next 90 days.
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How Far Can Terra Classic Price Climb in the Next 3 Months?
Terra Classic price surged for five consecutive days, breaking a key resistance level as the network approaches a crucial milestone. The cryptocurrency’s market performance aligns with a broader altcoin recovery over the past week.
The ongoing token burn initiative is a key factor supporting LUNC’s upward movement. Recent LUNC data reveals that over 628 million LUNC tokens were burned in the past seven days.
The total burned supply now stands at 402.78 billion, surpassing the 402 billion mark earlier this month. Of this amount, 67.86 billion LUNC were removed through on-chain burns, while 334.92 billion were donated to the burn wallet, primarily by Terraform Labs.
The circulating supply remains at approximately 5.51 trillion LUNC, and market sentiment has turned increasingly bullish. Over the last week, Terra Classic’s price has surged more than 20%, signaling renewed investor confidence.
If the Bitcoin price rallies beyond $100,000, LUNC could see further gains driven by increased buying pressure.
As the network moves toward its next milestone of 621.5 million transactions, traders remain watchful for potential price breakouts. The ongoing burn mechanism and broader market trends may continue shaping LUNC’s trajectory in the coming months.
Terra Classic price surged for five consecutive days, breaking a key resistance level as the network approaches a crucial milestone. The cryptocurrency’s market performance aligns with a broader altcoin recovery over the past week.
The ongoing token burn initiative is a key factor supporting LUNC’s upward movement. Recent LUNC data reveals that over 628 million LUNC tokens were burned in the past seven days.
The total burned supply now stands at 402.78 billion, surpassing the 402 billion mark earlier this month. Of this amount, 67.86 billion LUNC were removed through on-chain burns, while 334.92 billion were donated to the burn wallet, primarily by Terraform Labs.
The circulating supply remains at approximately 5.51 trillion LUNC, and market sentiment has turned increasingly bullish. Over the last week, Terra Classic’s price has surged more than 20%, signaling renewed investor confidence.
If the Bitcoin price rallies beyond $100,000, LUNC could see further gains driven by increased buying pressure.
As the network moves toward its next milestone of 621.5 million transactions, traders remain watchful for potential price breakouts. The ongoing burn mechanism and broader market trends may continue shaping LUNC’s trajectory in the coming months.
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LUNC Price Eyes $0.0001 as Bullish Momentum Builds
As of the reporting time, the LUNC price is trading at $0.00008038, reflecting a 10% increase in the last 24 hours. The cryptocurrency is showing strong bullish momentum, supported by key technical indicators.
The price action has formed a rising channel, suggesting continued upside potential. A breakout above the $0.00008 resistance level could pave the way for a 25% rally toward the $0.0001028 target.
If buying pressure remains strong, LUNC could reach the psychological mark of $0.0001, marking a significant price jump.
The Moving Average Convergence Divergence (MACD) is trending above the signal line, confirming bullish sentiment.
The histogram is also printing green bars, reflecting increasing buying pressure. This suggests that LUNC could maintain its upward trajectory if momentum continues. The Relative Strength Index (RSI) is at 78, signaling overbought conditions.
As of the reporting time, the LUNC price is trading at $0.00008038, reflecting a 10% increase in the last 24 hours. The cryptocurrency is showing strong bullish momentum, supported by key technical indicators.
The price action has formed a rising channel, suggesting continued upside potential. A breakout above the $0.00008 resistance level could pave the way for a 25% rally toward the $0.0001028 target.
If buying pressure remains strong, LUNC could reach the psychological mark of $0.0001, marking a significant price jump.
The Moving Average Convergence Divergence (MACD) is trending above the signal line, confirming bullish sentiment.
The histogram is also printing green bars, reflecting increasing buying pressure. This suggests that LUNC could maintain its upward trajectory if momentum continues. The Relative Strength Index (RSI) is at 78, signaling overbought conditions.
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Immediate support lies at $0.00008, with additional levels at $0.00006420 and $0.000062. If bulls lose momentum, these levels could act as cushions against downward movement.
Key resistance is seen at $0.000084, followed by $0.00009. A decisive close above these levels could accelerate the move toward $0.0001, marking a 25.16% price increase from current levels.
Terra Classic (LUNC) price remains on an upward trajectory, fueled by the burn initiative and improving market sentiment. If Bitcoin surpasses $100,000, LUNC could gain momentum, pushing toward $0.0001.
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Terra Luna Classic token rose to a high of $0.00007610 on February 11, up by 56% from its lowest level this year.
LUNC’s recent recovery aligns with the performance of most altcoins, which rebounded after bottoming on Monday last week.
A potential catalyst for the Terra Classic price is the ongoing burning action in the network. LUNC Metrics data shows that over 628 million LUNC tokens have been burned in the last seven days.
These burns have brought the total LUNC burned since inception to 402.78 billion, meaning that the figure will cross the 402 billion level later this month. 67.86 billion LUNC tokens have been burned on-chain, while 334.92 billion were donated to the burn wallet, mostly by Terraform Labs.
Binance has grown to become the biggest LUNC burner, incinerating over 70.8 billion tokens. The other top burners are DFLUNC Protocol and LunaticsToken, which have burned 4.52 billion and 1.97 billion tokens, respectively.
Token burns help to create value for a cryptocurrency by reducing the number of coins in circulation. The LUNC community hopes that the burning and staking momentum will ultimately help to address the TerraClassicUSD debt crisis and help it to regain its peg.
The USTC token rose by over 21% on Tuesday, moving to $0.01597, meaning that it needs to rise by over 6,100% to reclaim its $1 peg.
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The daily chart reveals that the LUNC token price bottomed at $0.00004690 last week, where it formed a hammer candle. A hammer comprises a long lower wick and a small body, and is often a highly bullish pattern.
LUNC price has crossed the upper side of the falling wedge pattern. A wedge has two falling and converging trendlines, often leading to a strong rebound. It has also jumped above the key resistance point at $0.00007140, the lowest swing since September 5.
Therefore, the token will likely keep rising as bulls target the key resistance point at $0.0001025, the 38.2% Fibonacci Retracement level, about 40% above the current level. A drop below the support at $0.00005525 will invalidate the bullish view.
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I'm Bullish for $LUNC 🚀
I'm Bullish for $LUNC 🔥
I'm Bullish for $LUNC 🌙
I'm Bullish for $LUNC 💪
I'm Bullish for $LUNC ⚔️
I'm Bullish for $LUNC 😆
#LUNC #lunaClassic #LUNA
I'm Bullish for $LUNC 🔥
I'm Bullish for $LUNC 🌙
I'm Bullish for $LUNC 💪
I'm Bullish for $LUNC ⚔️
I'm Bullish for $LUNC 😆
#LUNC #lunaClassic #LUNA
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The 1.8 billion LFG #USTC burn prop has failed, due to ongoing court cases! (Correct decision)
What is the communities sentiment on this:
What is the communities sentiment on this:
Anonymous Poll
25%
Freeze the funds
52%
Wait then Burn
23%
No idea? Need more info
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Show your $LUNC power💪
Keep burning $LUNC ❤️🔥❤️🔥
#Crypto #LUNC #LunaClassic #LUNCBURN
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The currency of the people awaits ! #Lunaclassic ❤️🍪
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