LUNC

Terra Luna Classic

CZ stated that Binance retained LUNA despite a $1.6 billion high, citing liquidity constraints, the risk of amplifying the crash, and reputational issues.

Terra Classic has surprised the market again after days of steady upside. The LUNC price has climbed more than 90% since mid April, even as broader crypto conditions stayed mixed. That kind of move usually forces a second look, especially for a token many had already written off ...

Terra Luna Classic (LUNC) has pushed to a four-month high after a sharp burst of buying activity, with price briefly testing the $0.000071 range before pulling back to around $0.000068 at press time. The move caps a strong multi-week rally that has seen the token gain more than 60% over the past seven days and nearly 88% over the last month. Notably, the price surge reflects a mix of rising trading activity, technical momentum, and renewed interest in the Terra Classic ecosystem. Why is the LUNC price soaring? The most immediate driver behind LUNC’s rise is the spike in trading activity. Daily volume has climbed to around $123 million, recording a 18% in 24 hours. This surge in volume signals strong participation, especially from short-term traders reacting to momentum. Another factor supporting the rally is token burning. Nearly 176 million LUNC tokens were removed from circulation on April 27 alone, according to LUNCMetrics data, adding a supply-reduction narrative that traders have closely followed. While this is small compared to the overall supply, the burn activity has played a role in strengthening sentiment and reinforcing the recovery trend. Source: LUNCMetrics Market behaviour also shows that holders are not rushing to sell into strength. Data indicates net outflows from crypto exchanges of roughly $293,000, suggesting that some participants are moving tokens off trading platforms rather than preparing to exit positions. This reduces immediate selling pressure and allows the price to push higher more easily. On the derivatives side, activity has picked up significantly. However, this comes with a warning sign. Long liquidations, estimated at about $23,000, have been higher than short liquidations at around $9,500. This imbalance shows that some bullish positions are being forced out, highlighting the presence of leveraged trading in the rally. Terra Classic price technical analysis From a technical standpoint, LUNC is showing clear short-term strength, with 13 out of 23 technical indicators leaning bullish, while only 7 lean bearish and 3 remain neutral. Moving averages are particularly bullish, seeing that the LUNC price is currently above its 10-day, 20-day, 50-day, 100-day and 200-day exponential moving averages (EMAs). This alignment typically reflects a sustained upward trend. But momentum indicators tell a more cautious story, with the Relative Strength Index (RSI) sitting above 83.20 on the daily chart, and at 70.67 on the weekly chart, placing LUNC firmly in overbought territory, a condition that often precedes a pause or short-term pullback. LUNC/USDT price chart LUNC price forecast Looking at the charts and considering the fundamentals, short-term projections depend heavily on how the price reacts around the $0.000071–$0.000072 resistance zone. A successful breakout could push LUNC toward the next target near $0.000081, extending the current trend. However, the RSI readings show that there are chances of the altcoin taking a breather to cool off from the rapid surge. If the correction happens, the immediate support sits around $0.000062, followed by a stronger level near $0.000056. A deeper correction could test the $0.0000419 region, which analysts have identified as a key structural support. Falling below that level would weaken the current bullish setup. The post What’s behind Terra Luna Classic (LUNC) 4-month high surge? appeared first on Invezz

The cryptocurrency market recorded broad losses on April 28, with most major digital assets trading lower.According to CoinMarketCap, as of 11:00 AM KST, Bitcoin (BTC) fell 2.71% to $77,096.06, while Ethereum (ETH) declined 3.91% to $2,298.71. XRP (XRP) dropped 3.26% to $1.39, an...

LUNC surged with strong volume, but liquidation imbalance suggested underlying fragility in the rally.

LUNC surged toward resistance as volume and leverage rose while inflows signaled emerging sell pressure.

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