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LUNC Smashes Resistance—410 Billion Burn Looms as Traders Eye Next Move

LUNC Smashes Resistance—410 Billion Burn Looms as Traders Eye Next Move

Published:
2025-04-24 17:40:45
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LUNC’s price just bulldozed through a critical resistance level—fueling speculation that Terra Classic’s aggressive token burn campaign might actually work. The network’s creeping toward 410 billion LUNC incinerated, but let’s be real: that’s still a rounding error for a coin that cratered 99.9% in 2022.

Key levels breached: The breakout suggests bulls are back in control, at least until the next ’stable’ coin depegging event. Technicals show bullish divergence, but fundamentals? That’s a casino-grade roulette wheel.

Watch the burn rate: Every billion tokens torched theoretically tightens supply. In practice? It’s like using a thimble to bail out the Titanic—entertaining to watch, but don’t bet your FSA on it.

LUNC staking ratio

LUNC staking ratio | Source: LUNC Metrics

LUNC price technical analysis

LUNC price

Terra Luna Classic chart | Source: crypto.news

The daily chart shows that LUNC has rebounded strongly in recent days. This move followed a drop to a key support level at $0.000057, which had previously acted as support in July, August, February, and March. The token has now moved above a descending trendline connecting the highest swing points since January 20, invalidating a descending triangle pattern that had been forming.

Additionally, the LUNC price has crossed above its 50-day moving average. Notably, the Awesome Oscillator and the MACD indicators have both moved above the zero line, continuing to display a bullish divergence pattern.

If this momentum holds, the LUNC price could rally to the next key resistance level at $0.0001, representing a 60% gain from the current level.

|Square

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