- LUNC breaks key resistance, signaling a potential 558% bullish reversal.
- Over 408 billion tokens burned, tightening supply and boosting sentiment.
- Technical indicators confirm momentum with strong staking and bullish divergence.
Terra Classic — LUNC , just made some serious noise—and the bulls are definitely paying attention. After grinding near the bottom for weeks, the price just punched through a key resistance line like it had something to prove. Momentum’s building. Volume’s surging. And every technical signal is now flashing green. With the $0.0004295 target in sight, LUNC is sprinting with serious momentum.
Breakout Confirmed: Signals Suggest a Powerful Reversal
LUNC blasted past a descending trendline that had capped every rally since January. That move invalidated a long-standing triangle pattern, signaling a sharp shift in market structure. Traders who once doubted now find themselves chasing candles instead of waiting for dips. Price has tapped $0.00006430—levels unseen since late March. That’s a near 40% bounce from this year’s bottom. But the story doesn’t stop there.
LUNC crossed above the 50-day moving average, a clear sign of bullish strength. Technical indicators like the MACD and Awesome Oscillator have flipped green too, both moving above their zero lines. These aren’t just mild upticks—they’re bullish divergences with bite. Bulls now eye $0.0001 as the next stop, a potential 60% leap from current prices. But that’s just the appetizer. The main course? A moonshot toward $0.0004295. That would mark a jaw-dropping 558% rally from here.
Token Burns Fuel the Fire
LUNC isn’t just rising on speculation—real fundamentals are in play. Over the past week, 205.3 million tokens went up in smoke. Since May 2022, the total burn has reached 408.2 billion tokens. With the current pace, that number should break 410 billion by next month. Binance alone torched over 72 billion tokens, burning half the trading fees tied to LUNC. The most recent burn? 521.9 million tokens.
These burns tighten supply, boost scarcity, and send a strong signal to long-term holders. Meanwhile, staking is also climbing. More than 1.038 trillion tokens now sit staked, locking up about 15% of the circulating supply. Just a year ago, that number was closer to 13%. This rise shows growing community confidence and long-term conviction. Support at $0.000057 held strong again, just like it did in February, March, and July.
That level has become LUNC’s launchpad—a base that bulls now defend with tenacity. If momentum holds, the price could continue rising with velocity. With more burns coming and staking rising, demand might soon outpace supply. That’s when breakouts turn into parabolic runs. For now, LUNC’s story seems not to be done—it’s just hitting the high notes.
